Bayforest Capital Ltd Boosts Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Bayforest Capital Ltd lifted its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 51.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 43,607 shares of the company’s stock after buying an additional 14,908 shares during the period. Bayforest Capital Ltd’s holdings in Full Truck Alliance were worth $557,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in YMM. Atlas Capital Advisors Inc. bought a new position in Full Truck Alliance during the 1st quarter valued at about $29,000. Brooklyn Investment Group boosted its holdings in Full Truck Alliance by 495.4% during the 1st quarter. Brooklyn Investment Group now owns 2,459 shares of the company’s stock valued at $31,000 after acquiring an additional 2,046 shares during the period. US Bancorp DE purchased a new position in shares of Full Truck Alliance during the first quarter worth approximately $40,000. Summit Securities Group LLC lifted its position in shares of Full Truck Alliance by 1,466.6% in the 1st quarter. Summit Securities Group LLC now owns 5,013 shares of the company’s stock worth $64,000 after purchasing an additional 4,693 shares during the period. Finally, Wolverine Trading LLC bought a new position in shares of Full Truck Alliance in the 4th quarter worth $115,000. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Price Performance

Shares of YMM stock opened at $13.33 on Wednesday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $7.06 and a 12 month high of $13.85. The company has a market capitalization of $13.94 billion, a PE ratio of 23.80 and a beta of 0.21. The firm’s 50-day moving average is $12.10 and its two-hundred day moving average is $11.96.

Full Truck Alliance Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, October 13th will be paid a $0.096 dividend. This represents a dividend yield of 60.0%. The ex-dividend date is Friday, October 10th. Full Truck Alliance’s dividend payout ratio (DPR) is presently 28.57%.

Wall Street Analysts Forecast Growth

Separately, Citigroup decreased their price target on shares of Full Truck Alliance from $16.50 to $16.00 and set a “buy” rating for the company in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.00.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.