GAMMA Investing LLC Purchases 5,498 Shares of Yalla Group Limited (NYSE:YALA)

GAMMA Investing LLC grew its holdings in Yalla Group Limited (NYSE:YALA) by 145.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,288 shares of the company’s stock after buying an additional 5,498 shares during the quarter. GAMMA Investing LLC’s holdings in Yalla Group were worth $42,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FinTrust Capital Advisors LLC bought a new stake in Yalla Group in the first quarter valued at about $240,000. GSA Capital Partners LLP grew 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. Russell Investments Group Ltd. raised its holdings 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 worth $251,000 after buying an additional 4,286 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Yalla Group by 44.1% during the 1st quarter. Acadian Asset Management LLC now owns 1,627,088 shares of the company’s stock worth $7,800,000 after buying an additional 497,724 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Yalla Group by 1,104.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,576 shares of the company’s stock valued at $26,000 after buying an additional 5,113 shares in the last quarter. 4.73% of the stock is owned by institutional investors.

Yalla Group Price Performance

Shares of NYSE:YALA opened at $4.22 on Friday. Yalla Group Limited has a fifty-two week low of $3.71 and a fifty-two week high of $6.44. The business’s fifty day moving average price is $4.18 and its two-hundred day moving average price is $4.46. The stock has a market capitalization of $669.05 million, a price-to-earnings ratio of 6.03 and a beta of 1.17.

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