Yalla Group Limited (NYSE:YALA) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its holdings in shares of Yalla Group Limited (NYSE:YALA) by 54.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,903 shares of the company’s stock after selling 22,814 shares during the period. Mackenzie Financial Corp’s holdings in Yalla Group were worth $86,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of YALA. Tucker Asset Management LLC acquired a new stake in Yalla Group during the 4th quarter valued at approximately $44,000. Quadrature Capital Ltd lifted its stake in shares of Yalla Group by 160.7% in the 4th quarter. Quadrature Capital Ltd now owns 269,358 shares of the company’s stock valued at $1,654,000 after purchasing an additional 166,043 shares during the period. FinTrust Capital Advisors LLC acquired a new position in shares of Yalla Group in the 1st quarter valued at $240,000. GSA Capital Partners LLP lifted its stake in shares of Yalla Group by 328.4% in the 1st quarter. GSA Capital Partners LLP now owns 150,847 shares of the company’s stock valued at $726,000 after purchasing an additional 115,632 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Yalla Group by 9.0% in the 1st quarter. Russell Investments Group Ltd. now owns 52,028 shares of the company’s stock valued at $251,000 after purchasing an additional 4,286 shares during the period. 4.73% of the stock is currently owned by institutional investors and hedge funds.

Yalla Group Price Performance

YALA opened at $4.52 on Wednesday. The firm has a fifty day moving average price of $4.12 and a 200 day moving average price of $4.48. Yalla Group Limited has a 1 year low of $3.71 and a 1 year high of $6.44. The stock has a market cap of $716.60 million, a P/E ratio of 6.43 and a beta of 1.17.

Yalla Group (NYSE:YALA) last posted its earnings results on Monday, August 12th. The company reported $0.17 earnings per share (EPS) for the quarter. Yalla Group had a net margin of 40.07% and a return on equity of 22.50%. The firm had revenue of $81.20 million during the quarter.

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.