Perpetual Ltd Has $14.51 Million Stock Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

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 lowered its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 37.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its position in Full Truck Alliance by 6.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,146 shares of the company's stock worth $311,000 after buying an additional 1,406 shares during the period. Bank of New York Mellon Corp increased its holdings in Full Truck Alliance by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 85,106 shares of the company's stock valued at $1,087,000 after purchasing an additional 1,577 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of Full Truck Alliance by 495.4% in the first quarter. Brooklyn Investment Group now owns 2,459 shares of the company's stock worth $31,000 after acquiring an additional 2,046 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of Full Truck Alliance during the first quarter worth about $29,000. Finally, US Bancorp DE bought a new position in Full Truck Alliance in the first quarter valued at approximately $40,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Stock Down 1.3%

Shares of NYSE YMM traded down $0.18 during midday trading on Friday, hitting $13.59. 5,280,613 shares of the company's stock were exchanged, compared to its average volume of 10,247,047. The firm has a market capitalization of $14.21 billion, a PE ratio of 24.27 and a beta of 0.21. The company's 50 day moving average price is $12.31 and its 200 day moving average price is $12.06. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $7.44 and a 12 month high of $14.02.

Full Truck Alliance Cuts Dividend

The firm also recently declared 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. The ex-dividend date is Friday, October 10th. This represents a dividend yield of 60.0%. Full Truck Alliance's dividend payout ratio (DPR) is presently 28.57%.

Full Truck Alliance 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.