Pinpoint Asset Management Ltd Makes New $3.38 Million Investment 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 bought a new position in shares of China Yuchai International Limited (NYSE:CYD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 199,056 shares of the company's stock, valued at approximately $3,382,000. China Yuchai International makes up about 0.6% of Pinpoint Asset Management Ltd's portfolio, making the stock its 20th biggest position. Pinpoint Asset Management Ltd owned 0.53% of China Yuchai International at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Nomura Holdings Inc. acquired a new position in shares of China Yuchai International in the fourth quarter valued at approximately $191,000. Millennium Management LLC boosted its holdings in China Yuchai International by 42.2% in the fourth 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 last quarter. Finally, Ariose Capital Management Ltd bought a new stake in China Yuchai International in the first quarter valued at approximately $3,383,000.

China Yuchai International Trading Up 12.0%

CYD stock traded up $3.08 during trading on Friday, hitting $28.79. The company had a trading volume of 792,826 shares, compared to its average volume of 223,002. The business has a 50-day moving average of $22.57 and a 200-day moving average of $18.48. China Yuchai International Limited has a one year low of $8.61 and a one year high of $29.98. The stock has a market cap of $1.08 billion, a PE ratio of 17.77 and a beta of 1.07. The company has a current ratio of 1.55, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05.

China Yuchai International Increases Dividend

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

China Yuchai International Company Profile

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.