Insider Buying: YY Group (NASDAQ:YYGH) Major Shareholder Buys $72,264.92 in Stock

YY Group Holding Limited (NASDAQ:YYGH) major shareholder Financial Lp Hrt acquired 555,884 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was acquired at an average price of $0.13 per share, for a total transaction of $72,264.92. Following the acquisition, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major 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 bought 1,937,244 shares of YY Group stock. The stock was purchased at an average cost of $0.14 per share, with a total value of $271,214.16.
• On Friday, June 12th, Financial Lp Hrt sold 1,523,686 shares of YY Group stock. The shares were sold at an average price of $0.12, for a total transaction of $182,842.32.

YY Group Stock Performance

YYGH stock opened at $0.08 on Friday. YY Group Holding Limited has a one year low of $0.07 and a one year high of $172.50. The company has a fifty day moving average of $0.78 and a 200-day moving average of $5.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90.

YY Group shares are scheduled to reverse split 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 bought a new stake in YY Group stock. Jane Street Group LLC bought a new position in shares of YY Group Holding Limited (NASDAQ:YYGH) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,089 shares of the company’s stock, valued at approximately $27,000.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on YYGH shares. Weiss Ratings downgraded shares of YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, April 27th. Wall Street Zen raised shares of YY Group to a “sell” rating in a research report on Saturday, April 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus 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.