HUYA (NYSE:HUYA) Sees Large Volume Increase After Dividend Announcement

Shares of HUYA Inc. (NYSE:HUYA) saw strong trading volume on Thursday after the company announced a dividend. 2,014,894 shares traded hands during trading, an increase of 34% from the previous session’s volume of 1,508,101 shares.The stock last traded at $3.30 and had previously closed at $3.46.

The newly announced dividend which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a dividend yield of 42.55%. HUYA’s dividend payout ratio (DPR) is currently -4,900.00%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Daiwa Capital Markets downgraded shares of HUYA from an “outperform” rating to a “neutral” rating in a research report on Tuesday. Daiwa America downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HUYA presently has an average rating of “Hold” and an average price target of $5.68.

HUYA Stock Performance

The firm has a market cap of $725.52 million, a P/E ratio of -35.61 and a beta of 0.72. The stock’s 50 day simple moving average is $3.71 and its 200 day simple moving average is $3.68.

HUYA (NYSE:HUYA) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the firm posted $0.48 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, analysts forecast that HUYA Inc. will post 0.16 EPS for the current fiscal year.

Institutional Trading of HUYA

Several institutional investors have recently made changes to their positions in HUYA. Two Sigma Securities LLC bought a new stake in shares of HUYA in the 4th quarter worth $43,000. Seldon Capital LP purchased a new position in shares of HUYA in the 3rd quarter worth about $51,000. Smith Anglin Financial LLC boosted its holdings in shares of HUYA by 27.9% in the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock worth $56,000 after buying an additional 4,002 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of HUYA in the 3rd quarter worth about $90,000. Finally, Sei Investments Co. purchased a new position in shares of HUYA in the 4th quarter worth about $94,000. Institutional investors own 23.20% of the company’s stock.

About HUYA

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.