GAMMA Investing LLC lifted its stake in shares of Yalla Group Limited Sponsored ADR (NYSE:YALA - Free Report) by 265.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,044 shares of the company's stock after buying an additional 61,796 shares during the quarter. GAMMA Investing LLC owned about 0.05% of Yalla Group worth $444,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Yalla Group in the fourth quarter valued at approximately $74,000. QRG Capital Management Inc. raised its position in Yalla Group by 14.7% in the 4th quarter. QRG Capital Management Inc. now owns 23,400 shares of the company's stock valued at $95,000 after purchasing an additional 2,996 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Yalla Group during the 4th quarter worth $99,000. Public Employees Retirement System of Ohio boosted its stake in Yalla Group by 123.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 26,173 shares of the company's stock worth $106,000 after purchasing an additional 14,483 shares during the period. Finally, Blue Trust Inc. grew its position in Yalla Group by 29.7% during the 4th quarter. Blue Trust Inc. now owns 40,929 shares of the company's stock worth $166,000 after purchasing an additional 9,366 shares during the last quarter. Institutional investors and hedge funds own 4.73% of the company's stock.
Yalla Group Stock Performance
NYSE YALA traded down $0.07 during trading on Friday, reaching $6.29. The company's stock had a trading volume of 666,987 shares, compared to its average volume of 496,476. The business's fifty day moving average price is $7.06 and its 200-day moving average price is $5.30. Yalla Group Limited Sponsored ADR has a twelve month low of $3.71 and a twelve month high of $8.29. The firm has a market cap of $994.73 million, a price-to-earnings ratio of 8.17 and a beta of 0.81.
Yalla Group (NYSE:YALA - Get Free Report) last issued its quarterly earnings results on Monday, May 19th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $83.88 million for the quarter. Yalla Group had a return on equity of 20.67% and a net margin of 40.94%.
About Yalla Group
(
Free Report)
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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