28,785 Shares in JOYY Inc. (NASDAQ:YY) Purchased by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC acquired a new stake in JOYY Inc. (NASDAQ:YY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 28,785 shares of the information services provider's stock, valued at approximately $1,205,000. Quinn Opportunity Partners LLC owned 0.05% of JOYY as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Yunqi Capital Ltd grew its holdings in shares of JOYY by 102.3% during the fourth quarter. Yunqi Capital Ltd now owns 1,710,987 shares of the information services provider's stock worth $71,605,000 after buying an additional 865,285 shares during the last quarter. AI Squared Management Ltd acquired a new position in JOYY during the fourth quarter worth $10,362,000. Krane Funds Advisors LLC lifted its holdings in JOYY by 12.0% in the fourth quarter. Krane Funds Advisors LLC now owns 1,500,081 shares of the information services provider's stock valued at $62,778,000 after acquiring an additional 160,545 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of JOYY during the 3rd quarter worth $4,383,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of JOYY during the 4th quarter worth $4,958,000. Institutional investors and hedge funds own 36.83% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on YY. StockNews.com began coverage on shares of JOYY in a research report on Thursday. They set a "hold" rating on the stock. Benchmark raised JOYY from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th.

JOYY Price Performance

NASDAQ YY traded down $1.45 during trading hours on Thursday, hitting $40.26. The company had a trading volume of 700,923 shares, compared to its average volume of 475,758. JOYY Inc. has a fifty-two week low of $27.88 and a fifty-two week high of $55.31. The firm's 50 day moving average is $44.85 and its 200 day moving average is $40.66. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 12.16 and a beta of 0.21.

JOYY Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 9.24%. The ex-dividend date of this dividend is Thursday, April 17th. This is a positive change from JOYY's previous quarterly dividend of $0.20. JOYY's payout ratio is -120.00%.

JOYY Company Profile

JOYY Inc, together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores.