T. Rowe Price Associates, Inc. recently announced the acquisition of new stake in Reliance Global Group Inc. (NASDAQ:RELI). The institutional investor has increased its shareholding in the Financial company by 179.00% to 61100.0 shares with purchase of 39200.0 shares. This fresh investment now brings its stake to 0.34% valued currently at $34705.0. In addition, Susquehanna Investment Group LLC raised its holdings by 6000.0 to 40704.0 shares. And IFP Advisors, Inc. has lifted its position by 5,032.79% or 12280.0 shares – to 12524.0 shares.
With over 0.3 million Reliance Global Group Inc. (RELI) shares trading Friday and a closing price of $0.62 on the day, the dollar volume was approximately $0.19 million. The shares have shown a negative half year performance of -48.33% and its price on 01/13/23 gained nearly 10.83%. Currently, there are 17.42M common shares owned by the public and among those 12.87M shares have been available to trade.
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Insiders at the company have transacted a total of 11 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 578,203 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Reliance Global Group Inc. are Vanguard Extended Market Index Fu, Vanguard Total Stock Market Index, and Fidelity Extended Market Index Fu. Vanguard Extended Market Index Fu owns 0.14 million shares of the company’s stock, all valued at over $79030.0. Fidelity Extended Market Index Fu now owns shares totaling to 0.31% of the shares outstanding.
Shares of Reliance Global Group Inc. (NASDAQ: RELI) opened at $0.5676, up $0.01 from a prior closing price of $0.56. However, the script later moved the day high at 0.6350, up 10.83%. The company’s stock has a 5-day price change of 19.23% and -16.76% over the past three months. RELI shares are trading 9.19% year to date (YTD), with the 12-month market performance down to -92.33% lower. It has a 12-month low price of $0.51 and touched a high of $9.89 over the same period. RELI has an average intraday trading volume of 134.67K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.79%, 2.80%, and -57.53% respectively.
Institutional ownership of Reliance Global Group Inc. (NASDAQ: RELI) shares accounts for 3.90% of the company’s 17.42M shares outstanding. Mutual fund holders own 2.05%, while other institutional holders and individual stakeholders account for 28.71% and 1.84% respectively.
It has a market capitalization of $10.10M and a beta (3y monthly) value of -0.37. The earnings-per-share (ttm) stands at -$0.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.74% over the week and 8.03% over the month.
Analysts forecast that Reliance Global Group Inc. (RELI) will achieve an EPS of -$0.07 for the current quarter, -$0.06 for the next quarter and -$0.16 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of -$0.07.
