Polymer Capital Management HK LTD Takes Position 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 the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 68,458 shares of the company’s stock, valued at approximately $767,000. Polymer Capital Management HK LTD owned about 0.22% of DouYu International at the end of the most recent reporting period.

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

DouYu International Trading Down 11.4 %

Shares of NASDAQ:DOYU opened at $6.22 on Monday. The company has a market capitalization 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. The business has a 50-day moving average price of $10.75 and a 200 day moving average price of $10.90.

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

DouYu International Increases Dividend

The company also recently declared a — dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, February 10th were given a dividend of $9.94 per share. This is a positive change from DouYu International’s previous — dividend of $9.71. The ex-dividend date was Friday, February 21st.

Wall Street Analysts Forecast Growth

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