Yalla Group Limited Sponsored ADR (NYSE:YALA) Shares Sold by GSA Capital Partners LLP

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 Yalla Group Limited Sponsored ADR (NYSE:YALA - Free Report) by 47.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145,628 shares of the company's stock after selling 128,956 shares during the period. GSA Capital Partners LLP owned approximately 0.09% of Yalla Group worth $760,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Millennium Management LLC lifted its stake in shares of 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 buying an additional 214,625 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Yalla Group during the fourth quarter worth $1,838,000. Marshall Wace LLP acquired a new stake in shares of Yalla Group during the fourth quarter worth $900,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Yalla Group by 13.4% during 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 stake in shares of Yalla Group by 180.3% during the fourth 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 period. 4.73% of the stock is currently owned by institutional investors and hedge funds.

Yalla Group Trading Down 3.6%

NYSE:YALA opened at $7.53 on Friday. Yalla Group Limited Sponsored ADR has a 12 month low of $3.71 and a 12 month high of $8.29. The firm has a fifty day simple moving average of $7.07 and a 200-day simple moving average of $5.96. The company has a market capitalization of $1.19 billion, a P/E ratio of 9.78 and a beta of 0.80.

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

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.

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