YY Group (NASDAQ:YYGH) Major Shareholder Financial Lp Hrt Purchases 1,937,244 Shares

YY Group Holding Limited (NASDAQ:YYGH) major shareholder Financial Lp Hrt acquired 1,937,244 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average price of $0.14 per share, with a total value of $271,214.16. Following the completion of the acquisition, the insider directly owned 2,221,086 shares of the company’s stock, valued at $310,952.04. This trade represents a 682.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 Wednesday, June 17th, Financial Lp Hrt bought 555,884 shares of YY Group stock. The shares were bought at an average cost of $0.13 per share, with a total value of $72,264.92.
• 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 Price Performance

Shares of YYGH opened at $0.08 on Friday. The stock’s 50-day moving average price is $0.80 and its two-hundred day moving average price is $5.87. YY Group Holding Limited has a 12 month low of $0.07 and a 12 month 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.

YY Group shares are scheduled to reverse split on the morning of 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 market closes on Monday, June 22nd.

Institutional Inflows and Outflows

An institutional investor 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 second quarter, according to its most recent 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 Analyst Weigh In

YYGH has been the topic of a number of recent analyst reports. Wall Street Zen raised YY Group to a “sell” rating in a research note on Saturday, April 18th. Weiss Ratings downgraded YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.