Polymer Capital Management HK LTD Makes New Investment in DouYu International Holdings Limited (NASDAQ:DOYU)

Polymer Capital Management HK LTD purchased a new position in DouYu International Holdings Limited (NASDAQ:DOYU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 68,458 shares of the company's stock, valued at approximately $767,000. Polymer Capital Management HK LTD owned approximately 0.22% of DouYu International at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC increased its position in shares of DouYu International by 57.7% in the third quarter. FMR LLC now owns 1,859,521 shares of the company's stock worth $20,139,000 after acquiring an additional 680,659 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in DouYu International during the 4th quarter worth approximately $2,429,000. Point72 Asset Management L.P. acquired a new stake in DouYu International during the 3rd quarter valued at $1,762,000. State Street Corp lifted its holdings in shares of DouYu International by 78.0% in the third quarter. State Street Corp now owns 29,528 shares of the company's stock valued at $320,000 after purchasing an additional 12,940 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of DouYu International during the fourth quarter valued at $206,000. Institutional investors and hedge funds own 17.86% of the company's stock.

DouYu International Trading Down 1.1 %

DOYU stock traded down $0.07 during mid-day trading on Friday, hitting $6.05. The stock had a trading volume of 141,597 shares, compared to its average volume of 231,972. DouYu International Holdings Limited has a 1-year low of $5.68 and a 1-year high of $20.17. The company has a fifty day moving average of $9.40 and a 200 day moving average of $10.74. The stock has a market capitalization of $191.40 million, a price-to-earnings ratio of -6.88 and a beta of 0.90.

DouYu International (NASDAQ:DOYU - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($2.18) by $1.87. DouYu International had a negative net margin of 4.39% and a negative return on equity of 2.92%. The firm had revenue of $155.65 million for the quarter, compared to analyst estimates of $1.05 billion.

DouYu International Increases Dividend

The business also recently announced a -- dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were given a dividend of $9.94 per share. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from DouYu International's previous -- dividend of $9.71.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup upgraded DouYu International from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $5.90 to $10.50 in a research report on Tuesday, March 18th. HSBC raised shares of DouYu International from a "reduce" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Hsbc Global Res upgraded shares of DouYu International from a "moderate sell" rating to a "hold" rating in a research report on Monday, March 17th.

About DouYu International

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.