Tucker Asset Management LLC bought a new position in Yalla Group Limited (NYSE:YALA – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 7,200 shares of the company’s stock, valued at approximately $44,000.
Several other hedge funds also recently bought and sold shares of the company. QRG Capital Management Inc. boosted its holdings in Yalla Group by 12.7% in the 4th quarter. QRG Capital Management Inc. now owns 21,436 shares of the company’s stock worth $131,000 after buying an additional 2,408 shares during the period. Blue Trust Inc. boosted its holdings in shares of Yalla Group by 3,564.8% during the 4th quarter. Blue Trust Inc. now owns 4,691 shares of the company’s stock valued at $29,000 after purchasing an additional 4,563 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Yalla Group during the 4th quarter valued at about $33,000. Exchange Traded Concepts LLC bought a new position in shares of Yalla Group during the 4th quarter valued at about $45,000. Finally, Legato Capital Management LLC boosted its holdings in shares of Yalla Group by 72.7% during the 4th quarter. Legato Capital Management LLC now owns 18,124 shares of the company’s stock valued at $111,000 after purchasing an additional 7,628 shares during the last quarter. Institutional investors own 4.73% of the company’s stock.
Yalla Group Stock Performance
Shares of YALA traded down $0.07 during midday trading on Friday, hitting $4.59. 353,582 shares of the company traded hands, compared to its average volume of 201,388. The firm has a 50 day moving average of $4.76 and a 200-day moving average of $5.14. Yalla Group Limited has a 52 week low of $4.07 and a 52 week high of $6.44. The stock has a market cap of $727.70 million, a price-to-earnings ratio of 6.56 and a beta of 1.19.
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.
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