Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Sold by Perpetual Ltd

Key Points

• Perpetual Ltd reduced its stake in Full Truck Alliance by 37.3%, selling 732,428 shares and retaining about 1.2 million shares worth approximately $14.5 million.
• In contrast, other institutional investors like Invesco Ltd. and Vanguard Group Inc. have increased their positions in Full Truck Alliance, with Invesco owning nearly 31 million shares worth $395 million after acquiring additional shares.
• Full Truck Alliance recently announced an annual dividend of $0.096, resulting in a yield of 60.0%, with the payment date set for October 27th.

Perpetual Ltd reduced its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 37.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,229,000 shares of the company's stock after selling 732,428 shares during the quarter. Perpetual Ltd owned 0.12% of Full Truck Alliance worth $14,514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. Exchange Traded Concepts LLC acquired a new stake in shares of Full Truck Alliance in the second quarter valued at approximately $2,914,000. Swedbank AB purchased a new position in shares of Full Truck Alliance during the first quarter valued at approximately $4,470,000. Acadian Asset Management LLC purchased a new position in shares of Full Truck Alliance during the first quarter valued at approximately $2,691,000. Bayforest Capital Ltd lifted its stake in shares of Full Truck Alliance by 51.9% during the first quarter. Bayforest Capital Ltd now owns 43,607 shares of the company's stock valued at $557,000 after buying an additional 14,908 shares during the period. Finally, Caxton Associates LLP purchased a new position in shares of Full Truck Alliance during the first quarter valued at approximately $1,033,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Stock Down 1.1%

Shares of YMM traded down $0.15 on Tuesday, hitting $13.35. 1,561,234 shares of the stock traded hands, compared to its average volume of 9,058,886. The firm has a market capitalization of $13.96 billion, a P/E ratio of 23.83 and a beta of 0.21. The stock's 50 day moving average is $12.33 and its two-hundred day moving average is $12.05. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $8.07 and a 1 year high of $14.02.

Full Truck Alliance Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, October 13th will be paid a $0.096 dividend. This represents a dividend yield of 60.0%. The ex-dividend date of this dividend is Friday, October 10th. Full Truck Alliance's dividend payout ratio (DPR) is currently 28.57%.

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.