Connor Clark & Lunn Investment Management Ltd. Has $2.74 Million Stake in Tuya Inc. (NYSE:TUYA)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Tuya Inc. (NYSE:TUYA) by 141.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,530,291 shares of the company’s stock after purchasing an additional 896,605 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.29% of Tuya worth $2,739,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Catalina Capital Group LLC bought a new stake in shares of Tuya during the 4th quarter worth $29,000. Centiva Capital LP bought a new stake in Tuya during the third quarter valued at about $63,000. Paloma Partners Management Co acquired a new stake in shares of Tuya in the third quarter valued at about $73,000. XTX Topco Ltd increased its stake in shares of Tuya by 204.5% in the third quarter. XTX Topco Ltd now owns 48,062 shares of the company’s stock worth $79,000 after purchasing an additional 32,279 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of Tuya during the 3rd quarter worth about $92,000. Institutional investors own 11.47% of the company’s stock.

Tuya Stock Up 4.1 %

TUYA opened at $3.95 on Tuesday. The stock’s 50 day moving average price is $2.89 and its two-hundred day moving average price is $2.07. The firm has a market capitalization of $2.13 billion, a P/E ratio of -131.50 and a beta of 0.39. Tuya Inc. has a 12-month low of $1.28 and a 12-month high of $4.63.

Tuya (NYSE:TUYA) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.02 earnings per share (EPS) 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 analyst estimates of $81.40 million. Tuya had a negative return on equity of 0.58% and a negative net margin of 5.55%.

Tuya Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.0608 per share. This represents a dividend yield of 6.1%. The ex-dividend date is Thursday, March 13th. Tuya’s dividend payout ratio is currently 400.00%.

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.