Yalla Group Limited (NYSE:YALA) Position Cut by DGS Capital Management LLC

DGS Capital Management LLC decreased its position in shares of Yalla Group Limited (NYSE:YALA) by 38.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 47,198 shares of the company’s stock after selling 29,587 shares during the quarter. DGS Capital Management LLC’s holdings in Yalla Group were worth $192,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its position in Yalla Group by 145.1% in the 3rd quarter. GAMMA Investing LLC now owns 9,288 shares of the company’s stock valued at $42,000 after acquiring an additional 5,498 shares during the period. Blue Trust Inc. grew its stake in shares of Yalla Group by 209.0% in the third quarter. Blue Trust Inc. now owns 31,563 shares of the company’s stock worth $144,000 after purchasing an additional 21,349 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Yalla Group by 81.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 131,899 shares of the company’s stock valued at $599,000 after purchasing an additional 59,378 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Yalla Group by 19.4% during the third 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. Finally, Walleye Capital LLC bought a new stake in shares of Yalla Group during the third quarter valued at about $68,000. Institutional investors own 4.73% of the company’s stock.

Yalla Group Stock Up 1.9 %

Shares of YALA opened at $4.02 on Monday. The firm has a market capitalization of $636.55 million, a PE ratio of 5.50 and a beta of 1.20. The firm has a 50-day moving average price of $4.16 and a 200 day moving average price of $4.20. Yalla Group Limited has a 52-week low of $3.71 and a 52-week high of $5.54.

Yalla Group (NYSE:YALA) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.22 earnings per share (EPS) for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. The business had revenue of $88.92 million during the quarter.

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.