Kahn Brothers Advisors LLC recently announced the acquisition of new stake in Rafael Holdings Inc. (NYSE:RFL). The institutional investor has increased its shareholding in the Healthcare company by 0.53% to 0.28 million shares with purchase of 1499.0 shares. This fresh investment now brings its stake to 1.19% valued currently at $0.53 million. In addition, IndexIQ Advisors LLC raised its holdings by 14732.0 to 0.2 million shares. And Nantahala Capital Management LLC has lifted its position by 273.95% or 53243.0 shares – to 72678.0 shares.
With over 0.12 million Rafael Holdings Inc. (RFL) shares trading Monday and a closing price of $2.04 on the day, the dollar volume was approximately $0.24 million. The shares have shown a negative half year performance of -6.85% and its price on 01/23/23 lost nearly -2.86%. Currently, there are 23.02M common shares owned by the public and among those 18.72M shares have been available to trade.
Insiders at the company have transacted a total of 12 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 6 of these insider trades were purchases, accounting for 1,095,531 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 1,105,135 shares.
The top 3 mutual fund holders in Rafael Holdings Inc. are Vanguard Total Stock Market Index, IQ Chaikin US Small Cap ETF, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market Index owns 0.38 million shares of the company’s stock, all valued at over $0.71 million. Vanguard Extended Market Index Fu bought 226.0 shares to bring its total holdings to over 0.15 million shares at a value of $0.28 million. Vanguard Extended Market Index Fu now owns shares totaling to 0.62% of the shares outstanding.
However, the script later moved the day high at 2.1059, down -2.86%. The company’s stock has a 5-day price change of -3.77% and 15.25% over the past three months. RFL shares are trading 9.09% year to date (YTD), with the 12-month market performance down to -51.20% lower. It has a 12-month low price of $1.60 and touched a high of $4.29 over the same period. RFL has an average intraday trading volume of 50.47K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.72%, 6.56%, and 2.14% respectively.
Institutional ownership of Rafael Holdings Inc. (NYSE: RFL) shares accounts for 12.60% of the company’s 23.02M shares outstanding. Mutual fund holders own 5.98%, while other institutional holders and individual stakeholders account for 6.77% and 23.53% respectively.
It has a market capitalization of $50.02M and a beta (3y monthly) value of 1.71. The earnings-per-share (ttm) stands at -$0.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.88% over the week and 4.39% over the month.