HUYA (NYSE:HUYA) Sees Strong Trading Volume Following Dividend Announcement

HUYA Inc. (NYSE:HUYA) saw unusually-high trading volume on Thursday following a dividend announcement from the company. Approximately 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. Shareholders of record on Tuesday, June 17th will be issued a dividend of $1.47 per share. The ex-dividend date is Tuesday, June 17th. This represents a yield of 42.55%. HUYA’s payout ratio is currently -4,900.00%.

Wall Street Analysts Forecast Growth

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

HUYA Trading Down 4.8 %

The business has a 50-day moving average of $3.71 and a 200 day moving average of $3.68. The firm has a market capitalization of $745.90 million, a P/E ratio of -36.61 and a beta of 0.72.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Two Sigma Securities LLC acquired a new stake in shares of HUYA in the 4th quarter worth about $43,000. Seldon Capital LP acquired a new position in HUYA during the 3rd quarter valued at about $51,000. Smith Anglin Financial LLC increased its holdings in HUYA by 27.9% during the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock worth $56,000 after purchasing an additional 4,002 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of HUYA in the third quarter worth approximately $90,000. Finally, Sei Investments Co. bought a new position in shares of HUYA in the fourth quarter valued at approximately $94,000. 23.20% of the stock is owned by institutional investors.

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.