Yalla Group Limited Sponsored ADR (NYSE:YALA) Holdings Lowered by Rhumbline Advisers

Rhumbline Advisers trimmed its stake in shares of Yalla Group Limited Sponsored ADR (NYSE:YALA) by 50.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,188 shares of the company’s stock after selling 25,687 shares during the period. Rhumbline Advisers’ holdings in Yalla Group were worth $131,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Yalla Group during the fourth quarter valued at $74,000. QRG Capital Management Inc. lifted its holdings in shares of Yalla Group by 14.7% during the fourth quarter. QRG Capital Management Inc. now owns 23,400 shares of the company’s stock valued at $95,000 after purchasing an additional 2,996 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Yalla Group during the fourth quarter valued at $99,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Yalla Group by 123.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 26,173 shares of the company’s stock valued at $106,000 after purchasing an additional 14,483 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in shares of Yalla Group by 36.3% during the fourth quarter. Jump Financial LLC now owns 47,200 shares of the company’s stock valued at $192,000 after purchasing an additional 12,571 shares during the last quarter. 4.73% of the stock is owned by hedge funds and other institutional investors.

Yalla Group Stock Down 1.0%

Shares of NYSE YALA opened at $6.83 on Thursday. Yalla Group Limited Sponsored ADR has a 12 month low of $3.71 and a 12 month high of $8.29. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 8.87 and a beta of 0.81. The business has a fifty day simple moving average of $7.11 and a 200-day simple moving average of $5.36.

Yalla Group (NYSE:YALA) last announced its quarterly earnings data on Monday, May 19th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $83.88 million during the quarter. Yalla Group had a return on equity of 20.67% and a net margin of 40.94%.

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.