Campbell & CO Investment Adviser LLC Makes New $756,000 Investment in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Campbell & CO Investment Adviser LLC bought a new stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 63,988 shares of the company’s stock, valued at approximately $756,000.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Full Truck Alliance by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 85,106 shares of the company’s stock valued at $1,087,000 after purchasing an additional 1,577 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Full Truck Alliance by 62.1% in the first quarter. Envestnet Asset Management Inc. now owns 80,491 shares of the company’s stock valued at $1,028,000 after buying an additional 30,845 shares in the last quarter. Allianz Asset Management GmbH bought a new position in shares of Full Truck Alliance in the first quarter valued at about $3,097,000. ANTIPODES PARTNERS Ltd lifted its position in Full Truck Alliance by 168.4% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 126,834 shares of the company’s stock worth $1,620,000 after buying an additional 79,573 shares in the last quarter. Finally, Mawer Investment Management Ltd. bought a new stake in Full Truck Alliance during the 1st quarter worth about $3,863,000. 39.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Full Truck Alliance in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Full Truck Alliance presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Full Truck Alliance Price Performance

Full Truck Alliance stock opened at $12.32 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $8.22 and a fifty-two week high of $14.07. The firm has a market capitalization of $12.88 billion, a price-to-earnings ratio of 21.99 and a beta of 0.20. The company’s 50 day simple moving average is $12.98 and its 200 day simple moving average is $12.34.

Full Truck Alliance Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Monday, October 27th. Investors of record on Friday, October 10th were paid a dividend of $0.096 per share. This represents a yield of 163.0%. The ex-dividend date of this dividend was Friday, October 10th. Full Truck Alliance’s dividend payout ratio is presently 28.57%.

About Full Truck Alliance

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.