Insider Buying: YY Group (NASDAQ:YYGH) Major Shareholder Purchases $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 shares were purchased at an average price of $0.13 per share, for a total transaction of $72,264.92. Following the purchase, the insider directly owned 2,776,970 shares of the company’s stock, valued at approximately $361,006.10. This trade represents a 25.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Tuesday, June 16th, Financial Lp Hrt bought 1,937,244 shares of YY Group stock. The stock was purchased at an average price 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 Down 37.7%

YY Group stock traded down $0.05 during midday trading on Thursday, hitting $0.08. 78,793,279 shares of the stock were exchanged, compared to its average volume of 15,082,916. YY Group Holding Limited has a 1 year low of $0.07 and a 1 year high of $172.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50 day moving average price of $0.82 and a two-hundred day moving average price of $5.96.

YY Group’s stock is set to reverse split on the morning of 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 market closes on Monday, June 22nd.

Analyst Ratings Changes

A number of brokerages have recently issued reports on YYGH. Wall Street Zen raised YY Group to a “sell” rating in a research report on Saturday, April 18th. Weiss Ratings lowered YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On YY Group

A hedge fund recently bought a new position in YY Group stock. Jane Street Group LLC purchased a new position in shares of YY Group Holding Limited (NASDAQ:YYGH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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.