GSA Capital Partners LLP Has $760,000 Holdings in Yalla Group Limited Sponsored ADR (NYSE:YALA)

Key Points

• GSA Capital Partners LLP reduced its stake in Yalla Group Limited by 47% in Q1, selling 128,956 shares to now own 145,628 shares valued at approximately $760,000.
• During Q4, other institutional investors significantly increased their stakes, with Millennium Management raising its position by 57.9%, owning 585,284 shares worth about $2.38 million.
• Yalla Group's recent quarterly earnings reported an EPS of $0.22, with a net margin of 40.94% and revenue of $83.88 million, showcasing solid financial performance.

GSA Capital Partners LLP trimmed its position in shares of Yalla Group Limited Sponsored ADR (NYSE:YALA - Free Report) by 47.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,628 shares of the company's stock after selling 128,956 shares during the quarter. GSA Capital Partners LLP owned 0.09% of Yalla Group worth $760,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC lifted its stake in Yalla Group by 57.9% during the fourth quarter. Millennium Management LLC now owns 585,284 shares of the company's stock worth $2,376,000 after purchasing an additional 214,625 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Yalla Group during the fourth quarter worth $1,838,000. Marshall Wace LLP acquired a new position in Yalla Group in the fourth quarter valued at $900,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Yalla Group by 13.4% in the first quarter. Robeco Institutional Asset Management B.V. now owns 190,606 shares of the company's stock worth $995,000 after buying an additional 22,541 shares during the period. Finally, Vident Advisory LLC lifted its holdings in Yalla Group by 180.3% during the 4th quarter. Vident Advisory LLC now owns 156,823 shares of the company's stock worth $637,000 after buying an additional 100,872 shares during the last quarter. 4.73% of the stock is currently owned by hedge funds and other institutional investors.

Yalla Group Stock Performance

Shares of YALA stock traded up $0.01 during mid-day trading on Wednesday, hitting $8.96. 732,217 shares of the stock traded hands, compared to its average volume of 749,784. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 11.66 and a beta of 0.80. The company's 50-day simple moving average is $7.13 and its 200-day simple moving average is $6.04. Yalla Group Limited Sponsored ADR has a twelve month low of $3.72 and a twelve month high of $9.29.

Yalla Group (NYSE:YALA - Get Free Report) last released its quarterly earnings data on Monday, May 19th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $83.88 million during the quarter. Yalla Group had a return on equity of 20.67% and a net margin of 40.94%.

About Yalla Group

Yalla Group Limited operates a social networking and gaming platform primarily in the Middle East and North Africa region. It provides mobile applications, including Yalla, a voice-centric group chat platform; and Yalla Ludo, a casual gaming application. The company's platform offers group chatting and games services; and sells virtual items, as well as provides upgrade services.