Rhumbline Advisers Lowers Stake in Yalla Group Limited (NYSE:YALA)

Rhumbline Advisers reduced its holdings in Yalla Group Limited (NYSE:YALA) by 24.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,855 shares of the company’s stock after selling 15,833 shares during the quarter. Rhumbline Advisers’ holdings in Yalla Group were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YALA. Blue Trust Inc. boosted its position in shares of Yalla Group by 36,378.6% in the second quarter. Blue Trust Inc. now owns 10,214 shares of the company’s stock worth $49,000 after acquiring an additional 10,186 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Yalla Group by 1,104.3% during the first quarter. EverSource Wealth Advisors LLC now owns 5,576 shares of the company’s stock valued at $26,000 after acquiring an additional 5,113 shares during the period. Acadian Asset Management LLC grew its position in Yalla Group by 44.1% during the first quarter. Acadian Asset Management LLC now owns 1,627,088 shares of the company’s stock valued at $7,800,000 after acquiring an additional 497,724 shares during the period. Russell Investments Group Ltd. increased its stake in Yalla Group by 9.0% during the first quarter. Russell Investments Group Ltd. now owns 52,028 shares of the company’s stock worth $251,000 after acquiring an additional 4,286 shares during the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Yalla Group by 328.4% during the 1st quarter. GSA Capital Partners LLP now owns 150,847 shares of the company’s stock worth $726,000 after purchasing an additional 115,632 shares during the period. Hedge funds and other institutional investors own 4.73% of the company’s stock.

Yalla Group Stock Performance

YALA opened at $4.46 on Friday. The company has a market cap of $707.10 million, a PE ratio of 6.37 and a beta of 1.16. Yalla Group Limited has a 1 year low of $3.71 and a 1 year high of $6.44. The firm has a 50 day moving average price of $4.08 and a 200 day moving average price of $4.49.

Yalla Group (NYSE:YALA) last released its quarterly earnings data on Monday, August 12th. The company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $81.20 million during the quarter. Yalla Group had a net margin of 40.07% and a return on equity of 22.50%.

Yalla Group Profile

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.