Stratos Wealth Partners LTD. Has $450,000 Holdings in Rumble Inc. (NASDAQ:RUM)

Stratos Wealth Partners LTD. lifted its holdings in Rumble Inc. (NASDAQ:RUM) by 353.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,596 shares of the company’s stock after acquiring an additional 49,564 shares during the period. Stratos Wealth Partners LTD.’s holdings in Rumble were worth $450,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of RUM. North Star Investment Management Corp. grew its holdings in shares of Rumble by 60.0% during the 1st quarter. North Star Investment Management Corp. now owns 4,000 shares of the company’s stock worth $28,000 after purchasing an additional 1,500 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Rumble by 28,571.4% in the first quarter. Golden State Wealth Management LLC now owns 4,014 shares of the company’s stock worth $28,000 after purchasing an additional 4,000 shares during the period. Raleigh Capital Management Inc. increased its position in shares of Rumble by 8,900.0% in the first quarter. Raleigh Capital Management Inc. now owns 4,500 shares of the company’s stock worth $32,000 after purchasing an additional 4,450 shares during the period. Coppell Advisory Solutions LLC bought a new position in Rumble in the 4th quarter valued at about $35,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in Rumble by 50.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,933 shares of the company’s stock valued at $38,000 after buying an additional 980 shares during the period. 26.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wedbush set a $8.00 price objective on shares of Rumble and gave the company a “neutral” rating in a research note on Tuesday, April 15th.

Rumble Stock Performance

Shares of RUM opened at $8.86 on Tuesday. Rumble Inc. has a 52-week low of $4.92 and a 52-week high of $17.40. The business’s fifty day moving average is $9.12 and its 200-day moving average is $9.54. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of -6.15 and a beta of 0.73.

About Rumble

Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, a free-to-use video sharing and livestreaming platform where users can subscribe to channels to stay in touch with creators, and access video on-demand (VOD) and live content streamed by creators.