GAMMA Investing LLC Grows Stake in Yalla Group Limited (NYSE:YALA)

GAMMA Investing LLC boosted its position in shares of Yalla Group Limited (NYSE:YALA) by 150.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,248 shares of the company’s stock after purchasing an additional 13,960 shares during the quarter. GAMMA Investing LLC’s holdings in Yalla Group were worth $94,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. DGS Capital Management LLC increased its holdings in shares of Yalla Group by 109.0% in the 3rd quarter. DGS Capital Management LLC now owns 76,785 shares of the company’s stock valued at $349,000 after acquiring an additional 40,050 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Yalla Group in the 3rd quarter worth $53,000. State Street Corp boosted its position in shares of Yalla Group by 1.5% in 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 in the last quarter. Walleye Capital LLC acquired a new stake in shares of Yalla Group in the 3rd quarter worth $68,000. Finally, GSA Capital Partners LLP boosted its position in shares of Yalla Group by 19.4% in the 3rd quarter. GSA Capital Partners LLP now owns 300,462 shares of the company’s stock worth $1,364,000 after purchasing an additional 48,831 shares in the last quarter. 4.73% of the stock is currently owned by hedge funds and other institutional investors.

Yalla Group Price Performance

Yalla Group stock opened at $3.89 on Friday. The stock has a market capitalization of $616.73 million, a price-to-earnings ratio of 5.33 and a beta of 1.20. Yalla Group Limited has a 1-year low of $3.71 and a 1-year high of $5.67. The business has a fifty day moving average price of $4.22 and a 200-day moving average price of $4.24.

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.