47,742 Shares in Yalla Group Limited (NYSE:YALA) Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. bought a new stake in shares of Yalla Group Limited (NYSE:YALAFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 47,742 shares of the company’s stock, valued at approximately $292,000.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its position in 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 period. GAMMA Investing LLC purchased a new position in shares of Yalla Group in the 4th quarter worth approximately $33,000. Exchange Traded Concepts LLC purchased a new position in shares of Yalla Group in the 4th quarter worth approximately $45,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Yalla Group in the 4th quarter worth approximately $71,000. Finally, QRG Capital Management Inc. purchased a new position in shares of Yalla Group in the 3rd quarter worth approximately $100,000. Hedge funds and other institutional investors own 4.73% of the company’s stock.

Yalla Group Stock Up 3.6 %

YALA stock opened at $4.86 on Thursday. The firm has a 50 day moving average of $4.79 and a 200 day moving average of $5.27. The stock has a market capitalization of $770.50 million, a PE ratio of 6.94 and a beta of 1.21. Yalla Group Limited has a 52 week low of $3.90 and a 52 week high of $6.44.

Yalla Group (NYSE:YALAGet Free Report) last announced its quarterly earnings data on Monday, May 20th. The company reported $0.17 EPS for the quarter. Yalla Group had a net margin of 39.64% and a return on equity of 24.25%. The business had revenue of $78.73 million during the quarter.

About Yalla Group

(Free Report)

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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Institutional Ownership by Quarter for Yalla Group (NYSE:YALA)

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