Barclays PLC Acquires 163,971 Shares of Tuya Inc. (NYSE:TUYA)

Barclays PLC increased its stake in Tuya Inc. (NYSE:TUYA - Free Report) by 60.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 434,814 shares of the company's stock after purchasing an additional 163,971 shares during the quarter. Barclays PLC owned approximately 0.08% of Tuya worth $778,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership increased its position in shares of Tuya by 497.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,144,103 shares of the company's stock valued at $3,838,000 after purchasing an additional 1,784,940 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Tuya by 141.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,530,291 shares of the company's stock valued at $2,739,000 after buying an additional 896,605 shares during the period. HCEP Management Ltd acquired a new stake in shares of Tuya in the 4th quarter valued at $568,000. Pictet Asset Management Holding SA increased its stake in shares of Tuya by 188.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 292,601 shares of the company's stock valued at $524,000 after buying an additional 191,085 shares during the period. Finally, Diametric Capital LP grew its stake in shares of Tuya by 12.6% during the fourth quarter. Diametric Capital LP now owns 160,853 shares of the company's stock worth $288,000 after purchasing an additional 17,990 shares during the period. 11.47% of the stock is currently owned by institutional investors and hedge funds.

Tuya Stock Performance

NYSE:TUYA traded up $0.26 during mid-day trading on Monday, hitting $2.58. The company had a trading volume of 1,328,153 shares, compared to its average volume of 1,713,761. Tuya Inc. has a fifty-two week low of $1.28 and a fifty-two week high of $4.63. The business's fifty day moving average is $2.77 and its two-hundred day moving average is $2.35. The firm has a market cap of $1.39 billion, a P/E ratio of -86.50 and a beta of 0.46.

Tuya (NYSE:TUYA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%. The business had revenue of $82.06 million during the quarter, compared to analyst estimates of $81.40 million.

Tuya Dividend Announcement

The company also recently disclosed a -- dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 13th were issued a dividend of $0.0608 per share. The ex-dividend date was Thursday, March 13th. This represents a dividend yield of 6.1%. Tuya's payout ratio is presently 400.00%.

Tuya Company Profile

Tuya Inc offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.