Walleye Capital LLC Buys 92,389 Shares of Yalla Group Limited (NYSE:YALA)

Walleye Capital LLC increased its holdings in shares of Yalla Group Limited (NYSE:YALA - Free Report) by 615.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,389 shares of the company's stock after purchasing an additional 92,389 shares during the quarter. Walleye Capital LLC owned approximately 0.07% of Yalla Group worth $436,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in YALA. State Street Corp increased its stake in shares of Yalla Group by 1.5% during the 3rd quarter. State Street Corp now owns 538,689 shares of the company's stock worth $2,446,000 after purchasing an additional 7,924 shares during the last quarter. DGS Capital Management LLC raised its stake in Yalla Group by 109.0% in the third quarter. DGS Capital Management LLC now owns 76,785 shares of the company's stock valued at $349,000 after buying an additional 40,050 shares during the period. GAMMA Investing LLC lifted its position in shares of Yalla Group by 150.3% in the fourth quarter. GAMMA Investing LLC now owns 23,248 shares of the company's stock valued at $94,000 after buying an additional 13,960 shares during the last quarter. R Squared Ltd bought a new position in shares of Yalla Group during the 4th quarter worth approximately $127,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Yalla Group by 27.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 168,065 shares of the company's stock worth $682,000 after acquiring an additional 36,166 shares during the last quarter. 4.73% of the stock is owned by institutional investors.

Yalla Group Price Performance

Yalla Group stock traded up $0.20 during mid-day trading on Monday, hitting $7.96. 1,879,623 shares of the company's stock traded hands, compared to its average volume of 346,552. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 10.90 and a beta of 0.96. The firm has a 50 day simple moving average of $5.16 and a two-hundred day simple moving average of $4.52. Yalla Group Limited has a fifty-two week low of $3.71 and a fifty-two week high of $8.13.

Yalla Group (NYSE:YALA - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $90.83 million for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. During the same period in the prior year, the company earned $0.17 earnings per share.

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.