Baader Bank Aktiengesellschaft Sells 14,448 Shares of Yalla Group Limited (NYSE:YALA)

Baader Bank Aktiengesellschaft reduced its holdings in shares of Yalla Group Limited (NYSE:YALA) by 41.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,552 shares of the company’s stock after selling 14,448 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Yalla Group were worth $83,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of Yalla Group by 145.1% in the 3rd quarter. GAMMA Investing LLC now owns 9,288 shares of the company’s stock valued at $42,000 after purchasing an additional 5,498 shares in the last quarter. Blue Trust Inc. boosted its position in Yalla Group by 209.0% during the third quarter. Blue Trust Inc. now owns 31,563 shares of the company’s stock valued at $144,000 after buying an additional 21,349 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Yalla Group by 81.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 131,899 shares of the company’s stock valued at $599,000 after buying an additional 59,378 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of Yalla Group by 19.4% in the third quarter. GSA Capital Partners LLP now owns 300,462 shares of the company’s stock worth $1,364,000 after buying an additional 48,831 shares during the period. Finally, Walleye Capital LLC purchased a new stake in Yalla Group during the 3rd quarter valued at about $68,000. 4.73% of the stock is owned by hedge funds and other institutional investors.

Yalla Group Price Performance

Shares of Yalla Group stock opened at $3.99 on Friday. Yalla Group Limited has a one year low of $3.71 and a one year high of $5.54. The business’s 50 day simple moving average is $4.14 and its two-hundred day simple moving average is $4.18. The stock has a market capitalization of $631.78 million, a P/E ratio of 5.46 and a beta of 1.20.

Yalla Group (NYSE:YALA) last issued its earnings results on Monday, November 11th. The company reported $0.22 EPS for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. The company had revenue of $88.92 million for the quarter.

Yalla Group 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.