Boothbay Fund Management LLC Acquires New Shares in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Boothbay Fund Management LLC acquired a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 44,800 shares of the company's stock, valued at approximately $485,000.

Several other hedge funds have also modified their holdings of YMM. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Full Truck Alliance by 1.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,262 shares of the company's stock valued at $1,128,000 after buying an additional 1,722 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Full Truck Alliance by 20.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company's stock valued at $221,000 after acquiring an additional 3,442 shares during the last quarter. abrdn plc raised its position in shares of Full Truck Alliance by 22.6% during the 4th quarter. abrdn plc now owns 22,705 shares of the company's stock worth $246,000 after acquiring an additional 4,187 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Full Truck Alliance by 3.7% in the third quarter. Geode Capital Management LLC now owns 118,404 shares of the company's stock valued at $1,067,000 after purchasing an additional 4,235 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Full Truck Alliance in the fourth quarter valued at approximately $64,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Trading Up 1.4 %

Shares of Full Truck Alliance stock traded up $0.17 on Tuesday, reaching $12.01. 1,956,299 shares of the stock were exchanged, compared to its average volume of 9,158,607. The firm has a market capitalization of $12.56 billion, a PE ratio of 28.58 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a 1-year low of $6.66 and a 1-year high of $13.85. The business has a fifty day moving average price of $11.82 and a two-hundred day moving average price of $11.04.

Full Truck Alliance Increases Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, April 17th. Investors of record on Monday, April 7th were paid a $0.1444 dividend. The ex-dividend date of this dividend was Monday, April 7th. This is an increase from Full Truck Alliance's previous annual dividend of $0.14. This represents a dividend yield of 0.9%. Full Truck Alliance's payout ratio is 39.02%.

Wall Street Analysts Forecast Growth

YMM has been the topic of a number of recent analyst reports. Hsbc Global Res raised shares of Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. HSBC began coverage on Full Truck Alliance in a report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 target price for the company. Barclays lifted their price target on Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $18.00 to $10.00 in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $14.80.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.