Reliance Global Group
RELI

$2.80

3.93%

Market Cap: $3.47M

About: Reliance Global Group Inc operates as a holding company with diversified interests in the insurance market, as well as other related sectors. The company focuses on growing by pursuing an acquisition strategy, initially and primarily focused on wholesale and retail insurance agencies. Its primary strategy is to identify specific risks to reward arbitrage opportunities and develop these on a national platform, thereby increasing revenues and returns, and then identify and acquire undervalued wholesale and retail insurance agencies with operations in growing or underserved segments, expand and optimize their operations, and achieve asset value appreciation while generating interim cash flows. The company generates revenue in the form of commissions.

Employees: 67

Financials Insurance Agents, Brokers & Service

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding

Funds holding: 12 [Q1] → 12 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

3.0% less ownership

Funds ownership: 8.74% [Q1] → 5.74% (-3.0%) [Q2]

21% less capital invested

Capital invested by funds: $142K [Q1] → $112K (-$29.4K) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for RELI.

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Financial journalist opinion

Reliance Global Group, Inc. (RELI) Q2 2024 Earnings Call Transcript

Reliance Global Group, Inc. (NASDAQ:RELI ) Q2 2024 Earnings Conference Call July 25, 2024 4:30 PM ET Company Participants Ted Ayvas - Investor Relations Ezra Beyman - Chairman and CEO Joel Markovits - Chief Financial Officer Conference Call Participants Nick Pincus - Forest Capital Operator Good day. And welcome to the Reliance Global Group's Second Quarter Business Update Conference Call.

Reliance Global Group, Inc. (RELI) Q2 2024 Earnings Call Transcript

Reliance Global Group Reports Second Quarter 2024 Results and Provides Business Update

Spetner Associates Acquisition on Track to Close in Second Half of 2024; Projected to Double Annual Revenue to Approximately $28 Million and Boost AEBITDA

Reliance Global Group Reports Second Quarter 2024 Results and Provides Business Update

Reliance Global Group Schedules Second Quarter 2024 Financial Results and Business Update Conference Call

Lakewood, NJ, July 19, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI) (“Reliance” or the “Company”), announced today that it will host a conference call Thursday, July 25, 2024, at 4:30 PM Eastern Time to discuss financial results for the second quarter of 2024 and provide a business update.

Reliance Global Group Schedules Second Quarter 2024 Financial Results and Business Update Conference Call

Reliance Global Group Regains Compliance with Nasdaq Continued Listing Requirements

LAKEWOOD, N.J., July 17, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), announced that the Company received notice from The Nasdaq Stock Market on July 16, 2024, indicating that Reliance had regained compliance with the minimum bid price requirement under Nasdaq Rule 5550(a)(2).

Reliance Global Group Regains Compliance with Nasdaq Continued Listing Requirements

Reliance Global Group Announces Formation of New Real Estate Division Aimed at Expanding Operations

Abe Miller, Successful Real Estate Investor and M&A Executive, Joins Reliance to Oversee New Division and Advise on Future Real Estate Transactions Abe Miller, Successful Real Estate Investor and M&A Executive, Joins Reliance to Oversee New Division and Advise on Future Real Estate Transactions

Reliance Global Group Announces Formation of New Real Estate Division Aimed at Expanding Operations

Reliance Global Group Announces Reverse Stock Split

LAKEWOOD, N.J., June 26, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today announced that the Company's Board of Directors approved a 1-for-17 reverse stock split (the “Reverse Stock Split”) of the Company's common stock (the “Common Stock”) in order to regain compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market (Rule 5550(a)(2)). The Company was not required to obtain shareholder approval to effectuate the Reverse Stock Split. The Company filed articles of amendment to the Company's articles of incorporation, as amended, with the Secretary of State of the State of Florida to effectuate the Reverse Stock Split as of 5:00 p.m. Eastern Time on June 28, 2024. The Common Stock will begin trading on The Nasdaq Capital Market on a reverse split-adjusted basis at the start of trading on July 1, 2024, under the symbol “RELI” and under a new CUSIP number, 75946W 405.

Reliance Global Group Announces Reverse Stock Split

Reliance Global Group Announces Withdrawal of Registration Statement

LAKEWOOD, N.J., June 24, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today announced that it has withdrawn its previously filed registration statement with the Securities and Exchange Commission, which was originally filed to register the potential shares issuable under the Series G warrants. As previously announced, the institutional investor holding the Series B and Series G warrants elected to convert all of their warrants into a reduced number of shares issued to the investor on a Rule 144 basis.

Reliance Global Group Announces Withdrawal of Registration Statement

Reliance Global Group Announces Major Enhancement of Capital Structure Following Cashless Exercise of Warrants

LAKEWOOD, N.J, June 20, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today announced that its final large institutional investor has redeemed all of its outstanding Series B and Series G warrants. The Company now effectively has a much more simplified capital structure with no known significant institutional warrant holders and no significant warrant overhang.

Reliance Global Group Announces Major Enhancement of Capital Structure Following Cashless Exercise of Warrants

Why Is Reliance Global (RELI) Stock Up 283% Today?

Reliance Global (NASDAQ: RELI ) stock is rocketing higher on Tuesday after the wholesale and retail insurance agencies management company provided an acquisition update. Reliance Global says that it continues to make progress on its acquisition of Spetner Associates.

Why Is Reliance Global (RELI) Stock Up 283% Today?

Reliance Global Group Provides Update on Pending Spetner Acquisition

Transformational acquisition expected to close in the second half of 2024 Projected to double Company's annualized revenue to approximately $28 million LAKEWOOD, N.J., June 18, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group , Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today provided an update on the pending acquisition of Spetner Associates.

Reliance Global Group Provides Update on Pending Spetner Acquisition

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