Seizert Capital Partners LLC Has $3.35 Million Stock Holdings in Yalla Group Limited Sponsored ADR $YALA

Seizert Capital Partners LLC lifted its holdings in shares of Yalla Group Limited Sponsored ADR (NYSE:YALA) by 88.0% during the 4th quarter, Holdings Channel reports. The firm owned 482,976 shares of the company’s stock after purchasing an additional 226,139 shares during the quarter. Seizert Capital Partners LLC’s holdings in Yalla Group were worth $3,352,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in YALA. EverSource Wealth Advisors LLC increased its holdings in Yalla Group by 73.7% in the second quarter. EverSource Wealth Advisors LLC now owns 6,481 shares of the company’s stock worth $44,000 after purchasing an additional 2,749 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Yalla Group during the 3rd quarter worth approximately $71,000. Cresset Asset Management LLC bought a new position in shares of Yalla Group during the 3rd quarter worth approximately $82,000. Blue Trust Inc. grew its position in shares of Yalla Group by 19.0% during the 4th quarter. Blue Trust Inc. now owns 12,251 shares of the company’s stock worth $85,000 after buying an additional 1,959 shares during the period. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Yalla Group during the 3rd quarter worth approximately $96,000. Institutional investors and hedge funds own 4.73% of the company’s stock.

Yalla Group Price Performance

Shares of Yalla Group stock opened at $6.79 on Monday. The business has a 50-day simple moving average of $6.66 and a 200 day simple moving average of $6.93. Yalla Group Limited Sponsored ADR has a one year low of $5.88 and a one year high of $9.29. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 8.17 and a beta of 0.51.

Yalla Group (NYSE:YALA) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $83.86 million for the quarter. Yalla Group had a return on equity of 19.67% and a net margin of 43.82%.

Yalla Group announced that its Board of Directors has approved a share buyback plan on Monday, March 9th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to reacquire up to 13.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Yalla Group in a research report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Yalla Group presently has a consensus rating of “Hold”.

Yalla Group Company Profile

Yalla Group (NYSE:YALA) operates a voice-centric social networking and entertainment platform designed to connect users through live audio chat rooms, interactive voice channels and mobile gaming. Its core product, the Yalla app, allows participants in the Middle East and North Africa (MENA) region to join real-time voice discussion groups, host audio shows and send virtual gifts. Through the PokerBROS brand, the company offers a mobile-first social poker platform featuring Texas Hold’em, Chinese Poker and other variants, enabling casual and competitive gaming among a growing user base.

Founded in 2016 and incorporated in the Cayman Islands, Yalla Group established its headquarters in Riyadh with additional offices in Dubai and Asia.