Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Holdings Trimmed by Polunin Capital Partners Ltd

Polunin Capital Partners Ltd lowered its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,247,146 shares of the company’s stock after selling 8,600 shares during the quarter. Full Truck Alliance accounts for 6.7% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its 5th largest holding. Polunin Capital Partners Ltd owned 0.31% of Full Truck Alliance worth $41,239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Atlas Capital Advisors Inc. acquired a new stake in Full Truck Alliance in the first quarter valued at about $29,000. Brooklyn Investment Group lifted its holdings in shares of Full Truck Alliance by 495.4% in the 1st quarter. Brooklyn Investment Group now owns 2,459 shares of the company’s stock valued at $31,000 after buying an additional 2,046 shares during the period. US Bancorp DE purchased a new stake in shares of Full Truck Alliance in the first quarter valued at approximately $40,000. Summit Securities Group LLC grew its holdings in Full Truck Alliance by 1,466.6% during the first quarter. Summit Securities Group LLC now owns 5,013 shares of the company’s stock worth $64,000 after acquiring an additional 4,693 shares during the period. Finally, Wolverine Trading LLC purchased a new position in Full Truck Alliance in the fourth quarter worth $115,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup decreased their target price on shares of Full Truck Alliance from $16.50 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Full Truck Alliance Price Performance

Shares of NYSE YMM opened at $13.90 on Thursday. The company has a 50-day simple moving average of $12.27 and a 200-day simple moving average of $12.04. The company has a market cap of $14.54 billion, a PE ratio of 24.82 and a beta of 0.21. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $7.43 and a 12 month high of $14.03.

Full Truck Alliance Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, October 13th will be issued a $0.096 dividend. The ex-dividend date is Friday, October 10th. This represents a yield of 60.0%. Full Truck Alliance’s payout ratio is 28.57%.

Full Truck Alliance Company 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 matching services, such as freight listing 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.