1,279,874 Shares in Tuya Inc. (NYSE:TUYA) Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD acquired a new position in Tuya Inc. (NYSE:TUYA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,279,874 shares of the company's stock, valued at approximately $2,292,000. Price T Rowe Associates Inc. MD owned about 0.24% of Tuya as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP lifted its holdings 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 acquiring an additional 21,424 shares during the period. Barclays PLC grew its position in Tuya by 60.5% during the fourth quarter. Barclays PLC now owns 434,814 shares of the company's stock valued at $778,000 after buying an additional 163,971 shares during the period. HCEP Management Ltd purchased a new stake in Tuya during the fourth quarter valued at approximately $568,000. Diametric Capital LP raised its position in Tuya by 12.6% in the fourth quarter. Diametric Capital LP now owns 160,853 shares of the company's stock worth $288,000 after acquiring an additional 17,990 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Tuya by 497.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,144,103 shares of the company's stock valued at $3,838,000 after acquiring an additional 1,784,940 shares during the period. 11.47% of the stock is owned by institutional investors.

Tuya Price Performance

Shares of NYSE:TUYA traded down $0.09 during mid-day trading on Friday, reaching $2.32. 889,147 shares of the company traded hands, compared to its average volume of 1,713,930. The firm has a market cap of $1.25 billion, a PE ratio of -77.33 and a beta of 0.46. Tuya Inc. has a 52 week low of $1.28 and a 52 week high of $4.63. The company's 50 day moving average price is $2.77 and its 200-day moving average price is $2.35.

Tuya (NYSE:TUYA - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.02 earnings per share 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 firm had revenue of $82.06 million for the quarter, compared to analysts' expectations of $81.40 million.

Tuya Announces Dividend

The firm 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. The ex-dividend date was Thursday, March 13th. This represents a yield of 6.1%. Tuya's dividend 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.