R Squared Ltd Makes New $127,000 Investment in Yalla Group Limited (NYSE:YALA)

R Squared Ltd purchased a new stake in Yalla Group Limited (NYSE:YALA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 31,230 shares of the company’s stock, valued at approximately $127,000.

Several other hedge funds have also recently modified their holdings of YALA. GAMMA Investing LLC raised its stake in Yalla Group by 145.1% in the third quarter. GAMMA Investing LLC now owns 9,288 shares of the company’s stock worth $42,000 after buying an additional 5,498 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Yalla Group in the 3rd quarter worth $53,000. Walleye Capital LLC purchased a new stake in shares of Yalla Group during the 3rd quarter worth $68,000. Blue Trust Inc. boosted its position in Yalla Group by 209.0% during the third quarter. Blue Trust Inc. now owns 31,563 shares of the company’s stock valued at $144,000 after purchasing an additional 21,349 shares in the last quarter. Finally, DGS Capital Management LLC grew 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 purchasing an additional 40,050 shares during the last quarter. Hedge funds and other institutional investors own 4.73% of the company’s stock.

Yalla Group Stock Performance

Shares of Yalla Group stock opened at $4.10 on Thursday. Yalla Group Limited has a one year low of $3.71 and a one year high of $5.54. The company has a market capitalization of $649.22 million, a PE ratio of 5.61 and a beta of 1.20. The company has a 50-day simple moving average of $4.15 and a two-hundred day simple moving average of $4.18.

Yalla Group (NYSE:YALA) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.22 EPS for the quarter. The firm had revenue of $88.92 million during the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%.

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.