Yalla Group Limited (NYSE:YALA) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in Yalla Group Limited (NYSE:YALA) by 150.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,248 shares of the company’s stock after buying an additional 13,960 shares during the quarter. GAMMA Investing LLC’s holdings in Yalla Group were worth $94,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Blue Trust Inc. raised its holdings in Yalla Group by 209.0% in the 3rd quarter. Blue Trust Inc. now owns 31,563 shares of the company’s stock worth $144,000 after purchasing an additional 21,349 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Yalla Group by 81.9% in the 3rd 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 holdings in Yalla Group by 19.4% in the 3rd quarter. GSA Capital Partners LLP now owns 300,462 shares of the company’s stock worth $1,364,000 after purchasing an additional 48,831 shares during the period. Walleye Capital LLC acquired a new position in Yalla Group in the 3rd quarter worth about $68,000. Finally, State Street Corp raised its holdings in Yalla Group by 1.5% in the 3rd quarter. State Street Corp now owns 538,689 shares of the company’s stock worth $2,446,000 after purchasing an additional 7,924 shares during the period. Institutional investors and hedge funds own 4.73% of the company’s stock.

Yalla Group Trading Down 1.3 %

NYSE YALA opened at $3.89 on Friday. The stock has a market capitalization of $616.73 million, a price-to-earnings ratio of 5.33 and a beta of 1.20. Yalla Group Limited has a twelve month low of $3.71 and a twelve month high of $5.67. The stock has a 50-day moving average of $4.22 and a 200 day moving average of $4.24.

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.