Pinpoint Asset Management Ltd Invests $3.38 Million in China Yuchai International Limited (NYSE:CYD)

Key Points

• Pinpoint Asset Management Ltd acquired 199,056 shares of China Yuchai International Limited, valued at approximately $3,382,000, making it the 20th largest holding in their portfolio.
• China Yuchai International has recently increased its annual dividend to $0.53 from a previous $0.38, resulting in a substantial dividend yield of 430.0%.
• The stock currently trades at $23.59 with a market cap of $885.25 million and has a P/E ratio of 14.56.

Pinpoint Asset Management Ltd acquired a new position in shares of China Yuchai International Limited (NYSE:CYD - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 199,056 shares of the company's stock, valued at approximately $3,382,000. China Yuchai International comprises about 0.6% of Pinpoint Asset Management Ltd's portfolio, making the stock its 20th biggest holding. Pinpoint Asset Management Ltd owned 0.53% of China Yuchai International as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of CYD. Nomura Holdings Inc. bought a new stake in shares of China Yuchai International during the 4th quarter worth $191,000. Millennium Management LLC raised its stake in China Yuchai International by 42.2% in the 4th quarter. Millennium Management LLC now owns 47,263 shares of the company's stock valued at $450,000 after acquiring an additional 14,030 shares during the period. Finally, Ariose Capital Management Ltd bought a new stake in China Yuchai International in the 1st quarter valued at about $3,383,000.

China Yuchai International Stock Performance

China Yuchai International stock traded down $0.59 during midday trading on Monday, reaching $28.16. The stock had a trading volume of 248,275 shares, compared to its average volume of 277,716. China Yuchai International Limited has a 12 month low of $8.61 and a 12 month high of $30.64. The firm's 50-day moving average price is $22.57 and its 200 day moving average price is $18.53. The firm has a market capitalization of $1.06 billion, a PE ratio of 17.33 and a beta of 1.07. The company has a quick ratio of 1.20, a current ratio of 1.55 and a debt-to-equity ratio of 0.05.

China Yuchai International Increases Dividend

The business also recently declared an annual dividend, which was paid on Monday, July 7th. Stockholders of record on Wednesday, June 25th were given a dividend of $0.53 per share. This is a boost from China Yuchai International's previous annual dividend of $0.38. This represents a dividend yield of 430.0%. The ex-dividend date was Wednesday, June 25th. China Yuchai International's dividend payout ratio (DPR) is currently 32.72%.

About China Yuchai International

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, construction, agriculture, and generator set applications in the People's Republic of China and internationally.