Blue Trust Inc. Acquires 9,366 Shares of Yalla Group Limited (NYSE:YALA)

Blue Trust Inc. boosted its position in Yalla Group Limited (NYSE:YALA) by 29.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,929 shares of the company’s stock after buying an additional 9,366 shares during the quarter. Blue Trust Inc.’s holdings in Yalla Group were worth $166,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its position in shares of Yalla Group by 1.5% during the 3rd quarter. State Street Corp now owns 538,689 shares of the company’s stock worth $2,446,000 after purchasing an additional 7,924 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Yalla Group by 19.4% in the 3rd quarter. GSA Capital Partners LLP now owns 300,462 shares of the company’s stock valued at $1,364,000 after purchasing an additional 48,831 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Yalla Group by 27.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 168,065 shares of the company’s stock valued at $682,000 after purchasing an additional 36,166 shares during the period. DGS Capital Management LLC boosted its stake in Yalla Group by 109.0% in the 3rd quarter. DGS Capital Management LLC now owns 76,785 shares of the company’s stock valued at $349,000 after purchasing an additional 40,050 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Yalla Group during the 4th quarter valued at $127,000. Institutional investors and hedge funds own 4.73% of the company’s stock.

Yalla Group Stock Performance

NYSE:YALA opened at $4.34 on Friday. The stock has a fifty day moving average price of $4.09 and a 200-day moving average price of $4.16. The company has a market cap of $687.27 million, a price-to-earnings ratio of 5.94 and a beta of 1.19. Yalla Group Limited has a fifty-two week low of $3.71 and a fifty-two week high of $5.54.

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.