Financial Lp Hrt Purchases 555,884 Shares of YY Group (NASDAQ:YYGH) Stock

YY Group Holding Limited (NASDAQ:YYGH) major shareholder Financial Lp Hrt acquired 555,884 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average cost of $0.13 per share, for a total transaction of $72,264.92. Following the completion of the purchase, the insider owned 2,776,970 shares in the company, valued at $361,006.10. The trade was a 25.03% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Tuesday, June 16th, Financial Lp Hrt bought 1,937,244 shares of YY Group stock. The shares were acquired at an average price of $0.14 per share, with a total value of $271,214.16.
• On Friday, June 12th, Financial Lp Hrt sold 1,523,686 shares of YY Group stock. The stock was sold at an average price of $0.12, for a total value of $182,842.32.

YY Group Stock Performance

YYGH stock opened at $0.08 on Friday. YY Group Holding Limited has a 1 year low of $0.07 and a 1 year high of $172.50. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $0.78 and its 200 day moving average price is $5.83.

YY Group shares are set to reverse split on Tuesday, June 23rd. The 1-30 reverse split was announced on Thursday, June 18th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, June 22nd.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on YYGH shares. Weiss Ratings lowered YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, April 27th. Wall Street Zen upgraded shares of YY Group to a “sell” rating in a report on Saturday, April 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, YY Group presently has an average rating of “Sell”.

Hedge Funds Weigh In On YY Group

An institutional investor recently raised its position in YY Group stock. Virtu Financial LLC boosted its holdings in YY Group Holding Limited (NASDAQ:YYGH) by 213.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 152,956 shares of the company’s stock after buying an additional 104,141 shares during the period. Virtu Financial LLC owned 0.27% of YY Group worth $31,000 at the end of the most recent reporting period.

About YY Group

YY Group Holding Limited, a data and technology driven company, provides manpower outsourcing and cleaning services in Singapore and Malaysia. Its cleaning services include commercial cleaning for offices and schools; hospitality cleaning for hotels and shopping centers; industrial cleaning, facade cleaning, disinfection, and stewarding services for meetings, incentives, conferences, and exhibitions, as well as banquets; and pest control services. The company also offers cleaning robots and machines to enhance cleaning performance by deploying them at designated premises.