Wexford Capital LP Makes New $341,000 Investment in Tuya Inc. (NYSE:TUYA)

Wexford Capital LP bought a new position in shares of Tuya Inc. (NYSE:TUYA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 190,509 shares of the company's stock, valued at approximately $341,000.

A number of other large investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its stake in Tuya by 497.0% in 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 last quarter. Millennium Management LLC increased its stake in Tuya by 35.4% in the fourth quarter. Millennium Management LLC now owns 1,992,779 shares of the company's stock valued at $3,567,000 after purchasing an additional 521,515 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Tuya by 141.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,530,291 shares of the company's stock valued at $2,739,000 after purchasing an additional 896,605 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Tuya in the fourth quarter valued at approximately $2,292,000. Finally, Marshall Wace LLP increased its stake in Tuya by 1.8% in the fourth quarter. Marshall Wace LLP now owns 1,204,026 shares of the company's stock valued at $2,155,000 after purchasing an additional 21,424 shares during the last quarter. 11.47% of the stock is currently owned by hedge funds and other institutional investors.

Tuya Price Performance

Shares of TUYA stock traded down $0.09 during trading hours on Friday, hitting $2.43. The stock had a trading volume of 2,503,737 shares, compared to its average volume of 1,815,058. The firm has a market capitalization of $1.31 billion, a PE ratio of -80.83 and a beta of 0.46. Tuya Inc. has a twelve month low of $1.28 and a twelve month high of $4.63. The stock's 50 day moving average is $2.53 and its 200 day moving average is $2.42.

Tuya (NYSE:TUYA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Tuya had a negative return on equity of 0.58% and a negative net margin of 5.55%. The business had revenue of $74.69 million during the quarter, compared to the consensus estimate of $73.20 million.

Tuya Dividend Announcement

The business also recently declared 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. This represents a dividend yield of 6.1%. The ex-dividend date was Thursday, March 13th. Tuya's dividend payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Tuya from a "strong-buy" rating to a "buy" rating in a research note on Thursday.

About Tuya

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.