TOP Financial Group
TOP

$1.51

2.03%

Market Cap: $55.9M

About: TOP Financial Group Ltd is an online brokerage firm in Hong Kong specializing in trading local and overseas equities, futures, and options products. The Company generates brokerage commission income by enabling its customers to trade on multiple exchanges present globally. The company operates in only one segment which is the futures brokerage service.

Employees: 11

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

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

100% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 1

14% more funds holding

Funds holding: 7 [Q1] → 8 (+1) [Q2]

0.02% less ownership

Funds ownership: 0.25% [Q1] → 0.23% (-0.02%) [Q2]

12% less capital invested

Capital invested by funds: $247K [Q1] → $218K (-$28.5K) [Q2]

50% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 2

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Research analyst outlook

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

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Financial journalist opinion

TOP Financial Announces $5 Million Registered Direct Offering

Hong Kong China, Feb. 12, 2024 (GLOBE NEWSWIRE) -- TOP Financial Group Limited (the "Company") (NASDAQ: TOP), a fast-growing online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, options products and other financial services, today announced that it has entered into a definitive agreement with certain investor for the purchase and sale of 2,000,000 ordinary shares together with warrants to purchase up to 2,000,000 ordinary shares at a combined purchase price of $2.50 per share and accompanying warrant (together the “Securities”), pursuant to a registered direct offering resulting in total gross proceeds of approximately $5 million before deducting placement agent commissions and other estimated offering expenses. The warrants will have an exercise price of $2.75, will be exercisable immediately after the date of issuance and will expire three months following the initial exercise date. The closing of the offering and sale of the Securities is expected to occur on or about February 14, 2024, subject to the satisfaction of customary closing conditions.

TOP Financial Announces $5 Million Registered Direct Offering

TOP Financial's stock slides after Hong Kong-based company saw huge gains

Shares of TOP Financial Group Ltd. fell 12.2% in premarket trades after ending Friday's session up 64.8% — the biggest daily percentage gain since April 28, 2023 when the stock rose 441.1%.

TOP Financial's stock slides after Hong Kong-based company saw huge gains

What's happening with the Top Financial stock price?

Top Financial (NASDAQ: TOP) stock price went parabolic on Friday as American equities continued their bull run. Shares of the meme stock soared to a high of $7.75, its highest point since July 2023.

What's happening with the Top Financial stock price?

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