Russell Investments Group Ltd. Raises Position in Yalla Group Limited (NYSE:YALA)

Russell Investments Group Ltd. lifted its position in shares of Yalla Group Limited (NYSE:YALA) by 113.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,334 shares of the company’s stock after purchasing an additional 56,046 shares during the period. Russell Investments Group Ltd. owned 0.07% of Yalla Group worth $423,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of YALA. QRG Capital Management Inc. raised its stake 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 during the period. Blue Trust Inc. boosted its position in shares of Yalla Group by 29.7% in the fourth quarter. Blue Trust Inc. now owns 40,929 shares of the company’s stock valued at $166,000 after acquiring an additional 9,366 shares during the period. State Street Corp raised its position in shares of Yalla Group by 1.5% in the third quarter. State Street Corp now owns 538,689 shares of the company’s stock worth $2,446,000 after buying an additional 7,924 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Yalla Group by 27.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 168,065 shares of the company’s stock worth $682,000 after purchasing an additional 36,166 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Yalla Group by 150.3% in the fourth quarter. GAMMA Investing LLC now owns 23,248 shares of the company’s stock worth $94,000 after acquiring an additional 13,960 shares in the last quarter. Institutional investors own 4.73% of the company’s stock.

Yalla Group Price Performance

NYSE:YALA opened at $7.53 on Thursday. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.32 and a beta of 0.96. The business has a 50 day moving average of $5.03 and a 200 day moving average of $4.47. Yalla Group Limited has a 1-year low of $3.71 and a 1-year high of $7.73.

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

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.