Hello Group Inc. (NASDAQ:MOMO – Get Free Report) announced an annual dividend on Saturday, April 6th, Wall Street Journal reports. Shareholders of record on Friday, April 12th will be given a dividend of 0.52 per share by the information services provider on Tuesday, April 30th. This represents a yield of 8.97%. The ex-dividend date of this dividend is Thursday, April 11th.
Hello Group Stock Up 0.3 %
MOMO stock opened at $5.99 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.74 and a quick ratio of 3.72. Hello Group has a 52-week low of $5.59 and a 52-week high of $11.12. The company has a 50-day moving average of $6.31 and a two-hundred day moving average of $6.66. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 4.34 and a beta of 0.68.
Hello Group (NASDAQ:MOMO – Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The information services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The company had revenue of $422.95 million for the quarter, compared to analyst estimates of $447.28 million. Hello Group had a net margin of 16.27% and a return on equity of 17.23%. As a group, equities research analysts anticipate that Hello Group will post 1.46 EPS for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on MOMO
Hedge Funds Weigh In On Hello Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. raised its holdings in shares of Hello Group by 254.8% during the second quarter. Point72 Asset Management L.P. now owns 3,012 shares of the information services provider’s stock worth $29,000 after acquiring an additional 2,163 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Hello Group during the first quarter worth $32,000. Lazard Asset Management LLC raised its holdings in shares of Hello Group by 103.0% during the third quarter. Lazard Asset Management LLC now owns 7,041 shares of the information services provider’s stock worth $49,000 after acquiring an additional 3,573 shares during the period. US Bancorp DE raised its holdings in shares of Hello Group by 49.6% during the first quarter. US Bancorp DE now owns 8,502 shares of the information services provider’s stock worth $49,000 after acquiring an additional 2,819 shares during the period. Finally, Seldon Capital LP acquired a new stake in shares of Hello Group during the first quarter worth $91,000. 50.96% of the stock is owned by institutional investors.
About Hello Group
Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. The company offers Momo, a mobile application that connects people and facilitates social interactions based on location, interests, and various online recreational activities including, live talent shows, short videos, social games, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke and user participated reality shows; Tantan, a social and dating application; and other applications under the Hertz, Soulchill, Duidui, and Tietie names.
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