Insider Buying: YY Group (NASDAQ:YYGH) Major Shareholder Acquires 2,176,347 Shares

YY Group Holding Limited (NASDAQ:YYGH) major shareholder Financial Lp Hrt purchased 2,176,347 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were acquired at an average cost of $0.08 per share, for a total transaction of $174,107.76. Following the completion of the transaction, the insider directly owned 4,953,317 shares in the company, valued at approximately $396,265.36. This represents a 78.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 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 acquired 18,529 shares of YY Group stock. The shares were acquired at an average price of $3.90 per share, with a total value of $72,263.10.
• On Tuesday, June 16th, Financial Lp Hrt acquired 64,574 shares of YY Group stock. The stock was bought at an average price of $4.20 per share, with a total value of $271,210.80.
• On Friday, June 12th, Financial Lp Hrt sold 50,789 shares of YY Group stock. The shares were sold at an average price of $3.60, for a total value of $182,840.40.

YY Group Price Performance

YYGH traded down $0.41 on Wednesday, hitting $1.72. 1,214,539 shares of the company were exchanged, compared to its average volume of 514,658. The stock’s fifty day moving average is $21.87 and its 200-day moving average is $167.34. YY Group Holding Limited has a 12 month low of $1.62 and a 12 month high of $5,175.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Weiss Ratings downgraded YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a report 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 MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Trading of YY Group

An institutional investor recently bought a new position in YY Group stock. Jane Street Group LLC purchased a new stake in YY Group Holding Limited (NASDAQ:YYGH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,089 shares of the company’s stock, valued at approximately $27,000.

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.