Seizert Capital Partners LLC Purchases Shares of 256,837 Yalla Group Limited Sponsored ADR $YALA

Seizert Capital Partners LLC acquired a new position in Yalla Group Limited Sponsored ADR (NYSE:YALA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 256,837 shares of the company’s stock, valued at approximately $1,929,000.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in Yalla Group by 73.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,481 shares of the company’s stock worth $44,000 after buying an additional 2,749 shares during the period. Retireful LLC acquired a new stake in shares of Yalla Group in the second quarter worth $75,000. Blue Trust Inc. raised its holdings in shares of Yalla Group by 18.8% during the third quarter. Blue Trust Inc. now owns 10,292 shares of the company’s stock worth $77,000 after purchasing an additional 1,632 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Yalla Group by 10.0% during the second quarter. GAMMA Investing LLC now owns 17,927 shares of the company’s stock worth $121,000 after purchasing an additional 1,635 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in Yalla Group by 1,200.7% during the second quarter. SBI Securities Co. Ltd. now owns 20,304 shares of the company’s stock valued at $137,000 after purchasing an additional 18,743 shares during the period. Hedge funds and other institutional investors own 4.73% of the company’s stock.

Analyst Ratings Changes

YALA has been the subject of a number of recent research reports. Wall Street Zen lowered Yalla Group from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Yalla Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Yalla Group Trading Down 2.9%

NYSE YALA opened at $6.58 on Tuesday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 8.12 and a beta of 0.25. Yalla Group Limited Sponsored ADR has a twelve month low of $3.83 and a twelve month high of $9.29. The stock has a 50-day moving average of $7.02 and a 200 day moving average of $7.39.

Yalla Group (NYSE:YALA) last announced its earnings results on Monday, November 10th. The company reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $89.64 million for the quarter. Yalla Group had a return on equity of 20.06% and a net margin of 42.29%.

Yalla Group Profile

Yalla Group (NYSE:YALA) operates a voice-centric social networking and entertainment platform designed to connect users through live audio chat rooms, interactive voice channels and mobile gaming. Its core product, the Yalla app, allows participants in the Middle East and North Africa (MENA) region to join real-time voice discussion groups, host audio shows and send virtual gifts. Through the PokerBROS brand, the company offers a mobile-first social poker platform featuring Texas Hold’em, Chinese Poker and other variants, enabling casual and competitive gaming among a growing user base.

Founded in 2016 and incorporated in the Cayman Islands, Yalla Group established its headquarters in Riyadh with additional offices in Dubai and Asia.