DGS Capital Management LLC Has $349,000 Stake in Yalla Group Limited (NYSE:YALA)

DGS Capital Management LLC raised its holdings in shares of Yalla Group Limited (NYSE:YALA) by 109.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,785 shares of the company’s stock after acquiring an additional 40,050 shares during the quarter. DGS Capital Management LLC’s holdings in Yalla Group were worth $349,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in YALA. GAMMA Investing LLC raised its position in Yalla Group by 145.1% during the third quarter. GAMMA Investing LLC now owns 9,288 shares of the company’s stock worth $42,000 after acquiring an additional 5,498 shares in the last quarter. Blue Trust Inc. lifted its stake in Yalla Group by 36,378.6% in the 2nd quarter. Blue Trust Inc. now owns 10,214 shares of the company’s stock valued at $49,000 after purchasing an additional 10,186 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Yalla Group in the 3rd quarter valued at about $53,000. Walleye Capital LLC bought a new position in Yalla Group during the third quarter worth about $68,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in Yalla Group by 81.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 131,899 shares of the company’s stock valued at $599,000 after buying an additional 59,378 shares during the period. Institutional investors own 4.73% of the company’s stock.

Yalla Group Stock Performance

Shares of YALA stock opened at $4.42 on Friday. The company has a market capitalization of $699.95 million, a price-to-earnings ratio of 6.05 and a beta of 1.18. Yalla Group Limited has a 52 week low of $3.71 and a 52 week high of $6.31. The company has a 50-day simple moving average of $4.29 and a 200 day simple moving average of $4.31.

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.