Yunqi Capital Ltd Acquires New Shares in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Yunqi Capital Ltd acquired a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,805,300 shares of the company’s stock, valued at approximately $19,665,000. Full Truck Alliance comprises about 13.8% of Yunqi Capital Ltd’s investment portfolio, making the stock its 4th largest position.

A number of other institutional investors have also recently bought and sold shares of YMM. abrdn plc raised its holdings in Full Truck Alliance by 11.1% during the fourth quarter. abrdn plc now owns 34,748 shares of the company’s stock valued at $244,000 after buying an additional 3,473 shares in the last quarter. Quaero Capital S.A. bought a new position in shares of Full Truck Alliance in the fourth quarter worth about $1,107,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Full Truck Alliance by 216.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,451 shares of the company’s stock worth $403,000 after purchasing an additional 39,302 shares during the period. GAM Holding AG increased its stake in shares of Full Truck Alliance by 98.6% in the fourth quarter. GAM Holding AG now owns 1,240,106 shares of the company’s stock worth $8,693,000 after purchasing an additional 615,758 shares during the period. Finally, Renaissance Capital LLC increased its stake in shares of Full Truck Alliance by 26.4% in the fourth quarter. Renaissance Capital LLC now owns 427,839 shares of the company’s stock worth $2,999,000 after purchasing an additional 89,305 shares during the period. Institutional investors and hedge funds own 39.02% of the company’s stock.

Full Truck Alliance Trading Up 3.2 %

Shares of Full Truck Alliance stock traded up $0.26 during trading on Tuesday, reaching $8.18. The company’s stock had a trading volume of 15,406,432 shares, compared to its average volume of 7,377,657. The business’s fifty day moving average price is $7.13 and its 200-day moving average price is $6.96. Full Truck Alliance Co. Ltd. has a one year low of $5.41 and a one year high of $8.30.

Full Truck Alliance (NYSE:YMM) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. Full Truck Alliance had a return on equity of 6.69% and a net margin of 26.19%. The firm had revenue of $339.15 million for the quarter, compared to analyst estimates of $322.13 million. Equities research analysts forecast that Full Truck Alliance Co. Ltd. will post 0.39 earnings per share for the current year.

Full Truck Alliance Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were issued a dividend of $0.144 per share. This represents a yield of 1.84%. The ex-dividend date was Thursday, April 4th. Full Truck Alliance’s payout ratio is 43.33%.

Full Truck Alliance Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight listing, matching, and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.