Walleye Capital LLC Boosts Stock Position in Yalla Group Limited (NYSE:YALA)

Walleye Capital LLC grew its holdings in Yalla Group Limited (NYSE:YALA - Free Report) by 615.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,389 shares of the company's stock after acquiring an additional 92,389 shares during the period. Walleye Capital LLC owned about 0.07% of Yalla Group worth $436,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd purchased a new position in Yalla Group in the fourth quarter valued at $74,000. GAMMA Investing LLC grew its holdings in Yalla Group by 150.3% in the fourth quarter. GAMMA Investing LLC now owns 23,248 shares of the company's stock valued at $94,000 after purchasing an additional 13,960 shares during the period. QRG Capital Management Inc. increased its position in shares of Yalla Group by 14.7% in the fourth quarter. QRG Capital Management Inc. now owns 23,400 shares of the company's stock valued at $95,000 after buying an additional 2,996 shares in the last quarter. R Squared Ltd acquired a new position in shares of Yalla Group during the 4th quarter worth approximately $127,000. Finally, Blue Trust Inc. lifted its position in shares of Yalla Group by 29.7% during the 4th quarter. Blue Trust Inc. now owns 40,929 shares of the company's stock valued at $166,000 after buying an additional 9,366 shares in the last quarter. Hedge funds and other institutional investors own 4.73% of the company's stock.

Yalla Group Stock Performance

Yalla Group stock traded down $0.50 during trading on Tuesday, reaching $7.53. The company had a trading volume of 1,043,822 shares, compared to its average volume of 351,412. The firm's 50-day simple moving average is $5.24 and its 200 day simple moving average is $4.54. The firm has a market capitalization of $1.19 billion, a PE ratio of 10.31 and a beta of 0.96. Yalla Group Limited has a 1-year low of $3.71 and a 1-year high of $8.28.

Yalla Group (NYSE:YALA - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The company reported $0.18 earnings per share for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. The firm had revenue of $90.83 million during the quarter. During the same quarter last year, the company earned $0.17 EPS.

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.