382,976 Shares in Yalla Group Limited Sponsored ADR $YALA Purchased by OLP CAPITAL MANAGEMENT Ltd

Key Points

• OLP CAPITAL MANAGEMENT Ltd purchased 382,976 shares of Yalla Group ADR in Q3 (≈$2.88M), making Yalla about 0.5% of OLP’s portfolio and its fifth-largest position; OLP owned roughly 0.24% of Yalla at period end.
• Yalla’s board authorized a $150 million share repurchase program to buy up to 13.6% of outstanding shares, a signal the board may view the stock as undervalued.
• In the latest quarter Yalla reported $0.21 EPS on $83.86M revenue with a net margin of 43.82%, and the company has a market cap near $1.01B (PE ≈7.7).

OLP CAPITAL MANAGEMENT Ltd bought a new stake in Yalla Group Limited Sponsored ADR (NYSE:YALA - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 382,976 shares of the company's stock, valued at approximately $2,876,000. Yalla Group makes up about 0.5% of OLP CAPITAL MANAGEMENT Ltd's investment portfolio, making the stock its 5th largest position. OLP CAPITAL MANAGEMENT Ltd owned about 0.24% of Yalla Group at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Yalla Group by 1,075.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,981,119 shares of the company's stock worth $13,353,000 after buying an additional 1,812,642 shares in the last quarter. Barclays PLC raised its position in shares of Yalla Group by 714.8% in the third quarter. Barclays PLC now owns 817,404 shares of the company's stock valued at $6,139,000 after buying an additional 717,084 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Yalla Group during the second quarter valued at approximately $2,810,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Yalla Group by 58.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 992,414 shares of the company's stock valued at $7,453,000 after buying an additional 367,249 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Yalla Group during the second quarter worth approximately $2,424,000. 4.73% of the stock is owned by institutional investors and hedge funds.

Yalla Group Trading Down 0.6%

NYSE YALA opened at $6.39 on Friday. The business's 50-day moving average price is $7.00 and its 200 day moving average price is $7.18. Yalla Group Limited Sponsored ADR has a twelve month low of $4.60 and a twelve month high of $9.29. The company has a market capitalization of $1.01 billion, a PE ratio of 7.70 and a beta of 0.43.

Yalla Group (NYSE:YALA - Get Free Report) last posted its quarterly earnings results on Tuesday, March 10th. The company reported $0.21 EPS for the quarter. Yalla Group had a return on equity of 19.67% and a net margin of 43.82%.The company had revenue of $83.86 million during the quarter.

Yalla Group announced that its board has initiated a share repurchase plan on Monday, March 9th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 13.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Yalla Group in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".

About Yalla Group

Yalla Group NYSE: YALA operates a voice-centric social networking and entertainment platform designed to connect users through live audio chat rooms, interactive voice channels and mobile gaming. Its core product, the Yalla app, allows participants in the Middle East and North Africa (MENA) region to join real-time voice discussion groups, host audio shows and send virtual gifts. Through the PokerBROS brand, the company offers a mobile-first social poker platform featuring Texas Hold'em, Chinese Poker and other variants, enabling casual and competitive gaming among a growing user base.

Founded in 2016 and incorporated in the Cayman Islands, Yalla Group established its headquarters in Riyadh with additional offices in Dubai and Asia.

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