Cubist Systematic Strategies LLC Takes $99,000 Position in Yalla Group Limited (NYSE:YALA)

Cubist Systematic Strategies LLC acquired a new stake in Yalla Group Limited (NYSE:YALA) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 24,496 shares of the company’s stock, valued at approximately $99,000.

Several other institutional investors and hedge funds also recently made changes to their positions in YALA. Dynamic Technology Lab Private Ltd acquired a new position in shares of Yalla Group in the fourth quarter valued at approximately $74,000. QRG Capital Management Inc. boosted its holdings in 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 acquiring an additional 2,996 shares during the last quarter. R Squared Ltd bought a new stake in Yalla Group in the fourth quarter valued at approximately $127,000. Blue Trust Inc. boosted its holdings in 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 last quarter. Finally, Jump Financial LLC boosted its holdings in Yalla Group by 36.3% in the fourth quarter. Jump Financial LLC now owns 47,200 shares of the company’s stock valued at $192,000 after acquiring an additional 12,571 shares during the last quarter. Institutional investors and hedge funds own 4.73% of the company’s stock.

Yalla Group Price Performance

Shares of YALA stock opened at $7.82 on Tuesday. The business’s 50 day simple moving average is $6.27 and its 200 day simple moving average is $4.89. Yalla Group Limited has a one year low of $3.71 and a one year high of $8.29. The stock has a market capitalization of $1.24 billion, a PE ratio of 10.71 and a beta of 0.88.

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

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.