Hello Group Inc. Declares Annual Dividend of $0.52 (NASDAQ:MOMO)

Hello Group Inc. (NASDAQ:MOMO) announced an annual dividend on Tuesday, April 9th, Wall Street Journal reports. Investors 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 is Thursday, April 11th.

Hello Group Trading Up 3.0 %

NASDAQ:MOMO opened at $6.21 on Wednesday. Hello Group has a one year low of $5.59 and a one year high of $11.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.74 and a quick ratio of 3.72. The company’s 50-day simple moving average is $6.32 and its 200 day simple moving average is $6.64. The firm has a market capitalization of $1.16 billion, a P/E ratio of 4.50 and a beta of 0.68.

Hello Group (NASDAQ:MOMO) last posted its quarterly earnings data on Thursday, March 14th. The information services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The business had revenue of $422.95 million for the quarter, compared to the consensus estimate of $447.28 million. Hello Group had a return on equity of 17.23% and a net margin of 16.27%. As a group, analysts forecast that Hello Group will post 1.46 EPS for the current fiscal year.

Institutional Trading of Hello Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new stake in Hello Group during the second quarter valued at approximately $97,000. Rhumbline Advisers increased its stake in shares of Hello Group by 11.9% in the third quarter. Rhumbline Advisers now owns 13,937 shares of the information services provider’s stock worth $97,000 after purchasing an additional 1,486 shares in the last quarter. Bridgefront Capital LLC purchased a new stake in shares of Hello Group in the fourth quarter worth $93,000. Seldon Capital LP purchased a new stake in shares of Hello Group in the first quarter worth $91,000. Finally, West Family Investments Inc. bought a new position in shares of Hello Group during the first quarter worth $88,000. 50.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MOMO has been the topic of several analyst reports. Benchmark dropped their target price on shares of Hello Group from $22.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, March 15th. StockNews.com downgraded shares of Hello Group from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.83.

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.