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 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,929 shares of the company’s stock after acquiring an additional 9,366 shares during the period. Blue Trust Inc.’s holdings in Yalla Group were worth $166,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Yalla Group in the third quarter worth approximately $53,000. Walleye Capital LLC purchased a new stake in Yalla Group in the third quarter worth $68,000. GAMMA Investing LLC increased its position in Yalla Group by 150.3% in the fourth quarter. GAMMA Investing LLC now owns 23,248 shares of the company’s stock worth $94,000 after buying an additional 13,960 shares during the last quarter. R Squared Ltd purchased a new stake in Yalla Group in the fourth quarter worth $127,000. Finally, DGS Capital Management LLC increased its position in Yalla Group by 109.0% in the third quarter. DGS Capital Management LLC now owns 76,785 shares of the company’s stock worth $349,000 after buying an additional 40,050 shares during the last quarter. Institutional investors own 4.73% of the company’s stock.

Yalla Group Price Performance

Yalla Group stock opened at $4.34 on Friday. Yalla Group Limited has a one year low of $3.71 and a one year high of $5.54. The business has a fifty day moving average price of $4.09 and a 200-day moving average price of $4.16. The firm has a market capitalization of $687.27 million, a P/E ratio of 5.94 and a beta of 1.19.

Yalla Group 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.