190,509 Shares in Tuya Inc. (NYSE:TUYA) Bought by Wexford Capital LP

Wexford Capital LP bought a new position in Tuya Inc. (NYSE:TUYA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 190,509 shares of the company's stock, valued at approximately $341,000.

Several other hedge funds also recently made changes to their positions in the company. Boothbay Fund Management LLC increased its stake in shares of Tuya by 46.0% in the fourth quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company's stock worth $36,000 after buying an additional 6,300 shares during the period. Sei Investments Co. increased its stake in shares of Tuya by 37.5% in the fourth quarter. Sei Investments Co. now owns 58,726 shares of the company's stock worth $105,000 after buying an additional 16,010 shares during the period. Catalina Capital Group LLC bought a new stake in Tuya in the fourth quarter valued at $29,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Tuya by 157.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company's stock valued at $52,000 after acquiring an additional 17,877 shares in the last quarter. Finally, Diametric Capital LP boosted its holdings in Tuya by 12.6% in the fourth quarter. Diametric Capital LP now owns 160,853 shares of the company's stock valued at $288,000 after acquiring an additional 17,990 shares in the last quarter. 11.47% of the stock is owned by hedge funds and other institutional investors.

Tuya Stock Down 3.7%

NYSE:TUYA opened at $2.63 on Tuesday. The stock has a market cap of $1.42 billion, a P/E ratio of -87.67 and a beta of 0.46. The firm's fifty day simple moving average is $2.64 and its 200 day simple moving average is $2.40. Tuya Inc. has a twelve month low of $1.28 and a twelve month high of $4.63.

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

Tuya Announces Dividend

The business also recently declared a -- dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 13th were issued a $0.0608 dividend. This represents a yield of 6.1%. The ex-dividend date of this dividend was Thursday, March 13th. Tuya's dividend payout ratio (DPR) is currently 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.

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