GAMMA Investing LLC Purchases New Position in Yalla Group Limited (NYSE:YALA)

GAMMA Investing LLC bought a new stake in Yalla Group Limited (NYSE:YALA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,308 shares of the company’s stock, valued at approximately $33,000.

A number of other large investors have also modified their holdings of YALA. Acadian Asset Management LLC acquired a new position in shares of Yalla Group in the third quarter valued at $918,000. Quadrature Capital Ltd acquired a new position in Yalla Group during the third quarter worth $541,000. New York State Common Retirement Fund acquired a new position in Yalla Group during the fourth quarter worth $270,000. Seizert Capital Partners LLC acquired a new position in Yalla Group during the third quarter worth $166,000. Finally, Jump Financial LLC raised its stake in Yalla Group by 181.6% during the third quarter. Jump Financial LLC now owns 41,700 shares of the company’s stock worth $219,000 after acquiring an additional 26,890 shares in the last quarter. 4.73% of the stock is currently owned by institutional investors and hedge funds.

Yalla Group Price Performance

Yalla Group stock opened at $4.80 on Monday. The stock has a fifty day moving average price of $4.88 and a two-hundred day moving average price of $5.32. Yalla Group Limited has a 52-week low of $3.41 and a 52-week high of $6.44. The firm has a market capitalization of $748.75 million, a P/E ratio of 7.50 and a beta of 1.21.

Yalla Group (NYSE:YALA) last released its quarterly earnings data on Monday, March 11th. The company reported $0.17 earnings per share (EPS) for the quarter. Yalla Group had a return on equity of 22.83% and a net margin of 36.80%. The firm had revenue of $80.93 million during the quarter.

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.