GAMMA Investing LLC raised its holdings in Yalla Group Limited Sponsored ADR (NYSE:YALA - Free Report) by 265.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,044 shares of the company's stock after purchasing an additional 61,796 shares during the quarter. GAMMA Investing LLC owned approximately 0.05% of Yalla Group worth $444,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in YALA. Blue Trust Inc. raised its position in shares of Yalla Group by 29.7% during the fourth quarter. Blue Trust Inc. now owns 40,929 shares of the company's stock worth $166,000 after acquiring an additional 9,366 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of Yalla Group by 14.7% during the fourth quarter. QRG Capital Management Inc. now owns 23,400 shares of the company's stock worth $95,000 after purchasing an additional 2,996 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Yalla Group during the fourth quarter worth $74,000. Russell Investments Group Ltd. grew its stake in shares of Yalla Group by 113.7% during the fourth quarter. Russell Investments Group Ltd. now owns 105,334 shares of the company's stock worth $423,000 after purchasing an additional 56,046 shares during the period. Finally, Barclays PLC grew its stake in shares of Yalla Group by 266.5% during the fourth quarter. Barclays PLC now owns 126,292 shares of the company's stock worth $513,000 after purchasing an additional 91,832 shares during the period. Institutional investors own 4.73% of the company's stock.
Yalla Group Stock Up 1.6%
Shares of Yalla Group stock traded up $0.10 during trading on Monday, reaching $6.40. 681,813 shares of the company were exchanged, compared to its average volume of 499,447. Yalla Group Limited Sponsored ADR has a twelve month low of $3.71 and a twelve month high of $8.29. The business has a 50-day moving average price of $7.07 and a 200-day moving average price of $5.33. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 8.31 and a beta of 0.82.
Yalla Group (NYSE:YALA - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The company reported $0.22 EPS for the quarter. Yalla Group had a return on equity of 20.67% and a net margin of 40.94%. The business had revenue of $83.88 million during the quarter.
Yalla Group Company Profile
(
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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