Public Employees Retirement System of Ohio Sells 140,000 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Key Points

• The Public Employees Retirement System of Ohio reduced its holdings in Full Truck Alliance Co. Ltd. by 30.8%, selling 140,000 shares and now owning 313,844 shares valued at approximately $3.7 million.
• Full Truck Alliance's stock is currently down 0.8%, trading at $12.97 with a market capitalization of $13.57 billion and a P/E ratio of 23.16.
• The company announced an annual dividend of $0.096 per share, representing a dividend yield of 60.0%, with the payout scheduled for October 27.

Public Employees Retirement System of Ohio reduced its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 30.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 313,844 shares of the company's stock after selling 140,000 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Full Truck Alliance were worth $3,706,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in YMM. Kontiki Capital Management HK Ltd. bought a new position in shares of Full Truck Alliance during the 1st quarter worth approximately $81,320,000. Krane Funds Advisors LLC grew its stake in shares of Full Truck Alliance by 23.2% during the 1st quarter. Krane Funds Advisors LLC now owns 26,207,165 shares of the company's stock worth $334,665,000 after acquiring an additional 4,931,028 shares in the last quarter. APG Asset Management N.V. bought a new position in shares of Full Truck Alliance during the 1st quarter worth approximately $56,253,000. Nuveen LLC bought a new position in shares of Full Truck Alliance during the 1st quarter worth approximately $59,933,000. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of Full Truck Alliance by 632.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 5,159,857 shares of the company's stock worth $65,891,000 after acquiring an additional 4,454,913 shares in the last quarter. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Stock Down 0.8%

Shares of YMM opened at $12.97 on Wednesday. The stock has a market capitalization of $13.57 billion, a P/E ratio of 23.16 and a beta of 0.21. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $8.20 and a twelve month high of $14.02. The company has a 50 day moving average of $12.40 and a 200-day moving average of $12.08.

Full Truck Alliance Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, October 13th will be issued 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 is presently 28.57%.

About Full Truck Alliance

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.

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