GSA Capital Partners LLP Has $2 Million Stake in Hello Group Inc. Sponsored ADR $MOMO

GSA Capital Partners LLP decreased its position in shares of Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) by 23.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 305,465 shares of the information services provider’s stock after selling 94,798 shares during the period. GSA Capital Partners LLP’s holdings in Hello Group were worth $2,001,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Abacus Wealth Partners LLC acquired a new position in shares of Hello Group during the fourth quarter valued at about $314,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Hello Group by 48.6% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 119,327 shares of the information services provider’s stock valued at $795,000 after buying an additional 39,006 shares during the last quarter. UBS Group AG raised its position in shares of Hello Group by 7.3% during the fourth quarter. UBS Group AG now owns 953,470 shares of the information services provider’s stock valued at $6,245,000 after buying an additional 65,277 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Hello Group by 137.4% during the fourth quarter. SG Americas Securities LLC now owns 32,977 shares of the information services provider’s stock valued at $216,000 after buying an additional 19,084 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Hello Group by 23.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,194,428 shares of the information services provider’s stock valued at $7,824,000 after buying an additional 226,637 shares during the last quarter. Institutional investors and hedge funds own 50.96% of the company’s stock.

Hello Group Trading Down 0.8%

NASDAQ MOMO opened at $6.07 on Wednesday. The stock’s 50 day moving average is $6.10 and its two-hundred day moving average is $6.51. The company has a market capitalization of $652.95 million, a price-to-earnings ratio of 9.06 and a beta of 0.48. Hello Group Inc. Sponsored ADR has a 1-year low of $5.68 and a 1-year high of $9.22.

Hello Group Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were issued a dividend of $0.28 per share. This represents a yield of 475.0%. The ex-dividend date of this dividend was Friday, April 10th.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Hello Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $8.10.

Hello Group Profile

Hello Group Inc (NASDAQ: MOMO) is a China-based technology company specializing in mobile social networking and interactive entertainment. Its flagship product, the Momo app, offers location-based social discovery services that enable users to find and connect with new friends based on shared interests and geographic proximity. The platform integrates instant messaging, group chat, and content-sharing features, while also providing premium subscriptions and in-app purchases such as virtual gifts and sticker packs.

In addition to Momo, Hello Group’s portfolio includes Tantan, a dating-focused social app designed to help users build meaningful relationships through profile matching and interest-driven swiping.