Baader Bank Aktiengesellschaft Trims Position in Yalla Group Limited (NYSE:YALA)

Baader Bank Aktiengesellschaft cut its stake in shares of Yalla Group Limited (NYSE:YALA) by 41.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,552 shares of the company’s stock after selling 14,448 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Yalla Group were worth $83,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of YALA. GAMMA Investing LLC increased its holdings in Yalla Group by 145.1% during the 3rd quarter. GAMMA Investing LLC now owns 9,288 shares of the company’s stock worth $42,000 after acquiring an additional 5,498 shares during the period. Blue Trust Inc. grew its position in shares of Yalla Group by 209.0% during the 3rd quarter. Blue Trust Inc. now owns 31,563 shares of the company’s stock valued at $144,000 after purchasing an additional 21,349 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Yalla Group by 81.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 131,899 shares of the company’s stock worth $599,000 after purchasing an additional 59,378 shares during the period. GSA Capital Partners LLP raised its position in shares of Yalla Group by 19.4% in the third quarter. GSA Capital Partners LLP now owns 300,462 shares of the company’s stock worth $1,364,000 after buying an additional 48,831 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in Yalla Group during the third quarter valued at $68,000. 4.73% of the stock is owned by hedge funds and other institutional investors.

Yalla Group Stock Down 1.8 %

Yalla Group stock opened at $3.99 on Friday. The business has a 50-day simple moving average of $4.14 and a 200 day simple moving average of $4.18. Yalla Group Limited has a 52 week low of $3.71 and a 52 week high of $5.54. The stock has a market cap of $631.78 million, a price-to-earnings ratio of 5.46 and a beta of 1.20.

Yalla Group (NYSE:YALA) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.22 earnings per share for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. The company had revenue of $88.92 million for the quarter.

Yalla Group Company Profile

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.