Seizert Capital Partners LLC Purchases 226,139 Shares of Yalla Group Limited Sponsored ADR $YALA

Key Points

• Seizert Capital Partners increased its stake in Yalla Group by 88% in Q4, purchasing 226,139 shares and bringing its total to 482,976 shares (about 0.31% of the company) valued at roughly $3.35 million.
• Yalla's Board approved a $150.00 million share buyback program that permits repurchase of up to 13.6% of outstanding shares, a move typically signaling management views the stock as undervalued.
• The company trades with a P/E of 8.17 and a market cap of $1.07 billion, reporting $0.21 EPS for the quarter, $83.86 million in revenue and a net margin of 43.82%, while analysts maintain an average "Hold" rating.

Seizert Capital Partners LLC raised its holdings in Yalla Group Limited Sponsored ADR (NYSE:YALA - Free Report) by 88.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 482,976 shares of the company's stock after purchasing an additional 226,139 shares during the period. Seizert Capital Partners LLC owned approximately 0.31% of Yalla Group worth $3,352,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of Yalla Group by 73.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,481 shares of the company's stock valued at $44,000 after acquiring an additional 2,749 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Yalla Group in the third quarter valued at about $71,000. Cresset Asset Management LLC bought a new stake in Yalla Group during the third quarter worth about $82,000. Blue Trust Inc. grew its stake in Yalla Group by 19.0% during the fourth quarter. Blue Trust Inc. now owns 12,251 shares of the company's stock worth $85,000 after buying an additional 1,959 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Yalla Group in the 3rd quarter valued at about $96,000. 4.73% of the stock is owned by institutional investors.

Yalla Group Trading Up 0.4%

Shares of YALA stock opened at $6.79 on Monday. The stock has a 50-day moving average of $6.66 and a 200-day moving average of $6.93. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 8.17 and a beta of 0.51. Yalla Group Limited Sponsored ADR has a 1-year low of $5.88 and a 1-year high of $9.29.

Yalla Group (NYSE:YALA - Get Free Report) last announced its earnings results on Saturday, February 14th. 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 business had revenue of $83.86 million for the quarter.

Yalla Group announced that its Board of Directors has approved a share buyback plan on Monday, March 9th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to buy up to 13.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

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