YY Group (NASDAQ:YYGH) Major Shareholder Financial Lp Hrt Acquires 2,176,347 Shares of Stock

YY Group Holding Limited (NASDAQ:YYGH) major shareholder Financial Lp Hrt acquired 2,176,347 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were bought at an average price of $0.08 per share, with a total value of $174,107.76. Following the completion of the purchase, the insider directly owned 4,953,317 shares in the company, valued at $396,265.36. The trade was a 78.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, June 17th, Financial Lp Hrt bought 18,529 shares of YY Group stock. The stock was bought at an average price of $3.90 per share, for a total transaction of $72,263.10.
• On Tuesday, June 16th, Financial Lp Hrt bought 64,574 shares of YY Group stock. The stock was bought at an average price of $4.20 per share, for a total transaction of $271,210.80.
• On Friday, June 12th, Financial Lp Hrt sold 50,789 shares of YY Group stock. The stock was sold at an average price of $3.60, for a total transaction of $182,840.40.

YY Group Stock Down 19.2%

YYGH stock opened at $1.72 on Thursday. The firm has a 50-day simple moving average of $20.95 and a two-hundred day simple moving average of $164.36. YY Group Holding Limited has a one year low of $1.62 and a one year high of $5,175.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90.

Institutional Investors Weigh In On YY Group

A hedge fund recently bought a new position in YY Group stock. Jane Street Group LLC purchased a new position in YY Group Holding Limited (NASDAQ:YYGH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,089 shares of the company’s stock, valued at approximately $27,000.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Weiss Ratings upgraded shares of YY Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Wall Street Zen raised shares of YY Group to a “sell” rating in a report on Saturday, April 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

YY Group Company Profile

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.