GAMMA Investing LLC Invests $33,000 in Yalla Group Limited (NYSE:YALA)

GAMMA Investing LLC bought a new position in Yalla Group Limited (NYSE:YALA) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 5,308 shares of the company’s stock, valued at approximately $33,000.

Several other hedge funds have also bought and sold shares of the business. New York State Common Retirement Fund bought a new position in shares of Yalla Group in the fourth quarter valued at $270,000. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Yalla Group in the 4th quarter valued at about $71,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Yalla Group by 19.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,398 shares of the company’s stock valued at $425,000 after acquiring an additional 11,270 shares in the last quarter. Blue Trust Inc. boosted its stake in Yalla Group by 3,564.8% during the 4th quarter. Blue Trust Inc. now owns 4,691 shares of the company’s stock valued at $29,000 after purchasing an additional 4,563 shares during the last quarter. Finally, Legato Capital Management LLC increased its holdings in Yalla Group by 72.7% during the 4th quarter. Legato Capital Management LLC now owns 18,124 shares of the company’s stock worth $111,000 after purchasing an additional 7,628 shares in the last quarter. Institutional investors and hedge funds own 4.73% of the company’s stock.

Yalla Group Stock Down 1.2 %

YALA stock opened at $4.80 on Monday. The firm has a market capitalization of $748.75 million, a PE ratio of 7.50 and a beta of 1.21. Yalla Group Limited has a twelve month low of $3.41 and a twelve month high of $6.44. The stock’s 50 day moving average is $4.88 and its 200-day moving average is $5.32.

Yalla Group (NYSE:YALA) last issued its quarterly earnings data on Monday, March 11th. The company reported $0.17 earnings per share for the quarter. Yalla Group had a return on equity of 22.83% and a net margin of 36.80%. The business had revenue of $80.93 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.