Polymer Capital Management HK LTD Makes New Investment in DouYu International Holdings Limited (NASDAQ:DOYU)

Polymer Capital Management HK LTD bought a new position in shares of DouYu International Holdings Limited (NASDAQ:DOYU) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 68,458 shares of the company’s stock, valued at approximately $767,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of DouYu International in the 3rd quarter valued at about $42,000. Advisors Preferred LLC acquired a new position in DouYu International during the 4th quarter worth approximately $51,000. Headlands Technologies LLC grew its holdings in DouYu International by 3,409.1% during the 4th quarter. Headlands Technologies LLC now owns 6,948 shares of the company’s stock worth $78,000 after acquiring an additional 6,750 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of DouYu International by 61.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company’s stock valued at $137,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in DouYu International by 88.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,402 shares of the company’s stock valued at $145,000 after buying an additional 6,302 shares during the last quarter. 17.86% of the stock is owned by institutional investors and hedge funds.

DouYu International Trading Down 11.4 %

Shares of DOYU stock opened at $6.22 on Monday. The stock has a 50 day simple moving average of $10.75 and a 200-day simple moving average of $10.90. The company has a market cap of $196.78 million, a price-to-earnings ratio of -7.07 and a beta of 0.90. DouYu International Holdings Limited has a 12-month low of $5.89 and a 12-month high of $20.17.

DouYu International (NASDAQ:DOYU) last released its quarterly earnings data on Friday, March 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.18) by $1.87. The firm had revenue of $155.65 million during the quarter, compared to analysts’ expectations of $1.05 billion. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%.

DouYu International Increases Dividend

The business also recently disclosed a — dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were issued a dividend of $9.94 per share. The ex-dividend date was Friday, February 21st. This is an increase from DouYu International’s previous — dividend of $9.71.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DOYU shares. Citigroup raised DouYu International from a “sell” rating to a “neutral” rating and raised their target price for the stock from $5.90 to $10.50 in a research report on Tuesday, March 18th. HSBC raised shares of DouYu International from a “reduce” rating to a “hold” rating in a research report on Monday, March 17th. Finally, Hsbc Global Res upgraded DouYu International from a “moderate sell” rating to a “hold” rating in a research note on Monday, March 17th.

DouYu International Company Profile

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People’s Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.