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

YY Group Holding Limited (NASDAQ:YYGH) major shareholder Financial Lp Hrt bought 555,884 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were purchased at an average cost of $0.13 per share, with a total value of $72,264.92. Following the transaction, the insider owned 2,776,970 shares in the company, valued at approximately $361,006.10. The trade was a 25.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares 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 purchased 1,937,244 shares of YY Group stock. The stock was acquired at an average cost of $0.14 per share, for a total transaction 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 Trading Down 37.7%

Shares of 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 firm’s fifty day simple moving average is $0.80 and its 200 day simple moving average is $5.87. 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’s stock is set to reverse split before the market opens 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.

Institutional Investors Weigh In On YY Group

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

Wall Street Analyst Weigh In

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