GAMMA Investing LLC Sells 6,956 Shares of Yalla Group Limited Sponsored ADR (NYSE:YALA)

GAMMA Investing LLC trimmed its holdings in shares of Yalla Group Limited Sponsored ADR (NYSE:YALA) by 29.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,292 shares of the company’s stock after selling 6,956 shares during the quarter. GAMMA Investing LLC’s holdings in Yalla Group were worth $85,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new stake in Yalla Group in the 4th quarter worth about $74,000. Cubist Systematic Strategies LLC purchased a new stake in Yalla Group in the 4th quarter worth about $99,000. Public Employees Retirement System of Ohio raised its position in Yalla Group by 123.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 26,173 shares of the company’s stock worth $106,000 after purchasing an additional 14,483 shares during the period. Jump Financial LLC increased its position in shares of Yalla Group by 36.3% during the fourth quarter. Jump Financial LLC now owns 47,200 shares of the company’s stock worth $192,000 after acquiring an additional 12,571 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Yalla Group by 113.7% during the fourth quarter. Russell Investments Group Ltd. now owns 105,334 shares of the company’s stock worth $423,000 after acquiring an additional 56,046 shares during the period. 4.73% of the stock is currently owned by hedge funds and other institutional investors.

Yalla Group Stock Performance

Shares of NYSE:YALA opened at $7.02 on Tuesday. The firm has a market cap of $1.11 billion, a PE ratio of 9.12 and a beta of 0.79. The firm’s 50 day simple moving average is $7.04 and its 200-day simple moving average is $5.51. Yalla Group Limited Sponsored ADR has a one year low of $3.71 and a one year high of $8.29.

Yalla Group (NYSE:YALA) last issued its earnings results on Monday, May 19th. The company reported $0.22 EPS for the quarter. The business had revenue of $83.88 million for the quarter. Yalla Group had a net margin of 40.94% and a return on equity of 20.67%.

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.