Financial Lp Hrt Buys 2,176,347 Shares of YY Group (NASDAQ:YYGH) Stock

YY Group Holding Limited (NASDAQ:YYGH) major shareholder Financial Lp Hrt bought 2,176,347 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was acquired at an average cost of $0.08 per share, with a total value of $174,107.76. Following the completion of the purchase, the insider owned 4,953,317 shares of the company’s stock, valued at approximately $396,265.36. This trade represents a 78.37% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, June 17th, Financial Lp Hrt purchased 18,529 shares of YY Group stock. The stock was acquired at an average price of $3.90 per share, with a total value of $72,263.10.
• On Tuesday, June 16th, Financial Lp Hrt purchased 64,574 shares of YY Group stock. The shares were acquired at an average cost of $4.20 per share, for a total transaction of $271,210.80.
• On Friday, June 12th, Financial Lp Hrt sold 50,789 shares of YY Group stock. The shares were sold at an average price of $3.60, for a total value of $182,840.40.

YY Group Price Performance

Shares of YYGH traded down $0.41 on Wednesday, hitting $1.72. The company’s stock had a trading volume of 1,214,539 shares, compared to its average volume of 514,658. The firm’s fifty day moving average price is $21.87 and its 200-day moving average price is $167.34. YY Group Holding Limited has a fifty-two week low of $1.62 and a fifty-two week high of $5,175.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90.

Wall Street Analyst Weigh In

YYGH has been the subject of several research reports. Wall Street Zen raised shares of YY Group to a “sell” rating in a research report on Saturday, April 18th. Weiss Ratings lowered shares of YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, YY Group has an average rating of “Sell”.

Hedge Funds Weigh In On YY Group

A hedge fund recently raised its position in YY Group stock. Virtu Financial LLC grew its holdings in YY Group Holding Limited (NASDAQ:YYGH) by 213.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 152,956 shares of the company’s stock after purchasing an additional 104,141 shares during the period. Virtu Financial LLC owned about 0.27% of YY Group worth $31,000 at the end of the most recent quarter.

YY Group Company Profile

YY Group Holding Limited, a data and technology driven company, provides manpower outsourcing and cleaning services in Singapore and Malaysia. Its cleaning services include commercial cleaning for offices and schools; hospitality cleaning for hotels and shopping centers; industrial cleaning, facade cleaning, disinfection, and stewarding services for meetings, incentives, conferences, and exhibitions, as well as banquets; and pest control services. The company also offers cleaning robots and machines to enhance cleaning performance by deploying them at designated premises.