Roundhill Magnificent Seven ETF
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About the company
Listed Funds Trust - Roundhill Magnificent Seven ETF is an exchange traded fund launched by Listed Funds Trust. The fund is co-managed by Exchange Traded Concepts, LLC, Roundhill Financial Inc. It invests in public equity markets.
- CEO
- George Paspalas
- IPO
- 2023
- Employees
- 394
- HQ
- New York, NY, US
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- Market Cap
- $4.03B
- Div Yield
- 1.34%
- 52W High
- $74.13
- 52W Low
- $55.09
- 50D MA
- $69.61
- 200D MA
- $65.92
- Beta
- 1.37
- RSI (14)
- 65
- Avg Volume
- 3.91M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Senstar reported strong Q2 2021 growth and margin expansion, then highlighted a post-divestiture cash-rich balance sheet, positive second-half outlook, and plans for dividends and selective M&A.· August 12, 2021
- Revenue rose 30.9% year over year to $10.1 million, with gross margin up to 69.8% from 67.1%.
- EBITDA from continuing operations increased to $2.5 million, and management said Q4 is typically the strongest quarter.
- The Integrated Solutions divestiture closed June 30, leaving Senstar with $50.5 million in cash and no debt.
- Management expects continued revenue growth, stable operating expenses, and positive net income through the end of 2021.
- Supply chain pressures could weigh on margins in the second half of 2021 and potentially the first half of 2022, though full-year gross margin is still expected above 60%.
Senstar reported second-quarter 2021 revenue of $10.1 million, up 30.9% from $7.7 million a year earlier. Gross margin was 69.8% versus 67.1% last year, operating income was $2.2 million versus $1.0 million, and EBITDA from continuing operations was $2.5 million versus $1.3 million. Income from continuing operations was $0.7 million versus $0.5 million, and net income attributable to shareholders was $11.8 million, or $0.51 per share, versus $0.2 million, or $0.01 per share, driven by $11.1 million of income from discontinued operations. For the third quarter and remainder of 2021, management said the outlook looks very positive, expects continued revenue growth, stable operating expenses, positive net income through year-end, and gross margin above 60% for the full year.
Dror Sharon said the quarter reflected execution on Senstar’s growth strategy and the benefit of exiting the project-heavy Integrated Solutions division, which leaves the company focused on a more scalable model. He pointed to stronger pipeline conditions as COVID disruptions ease, growth across the company’s four verticals, and a multimillion-dollar airport contract as evidence the strategy is working. He also emphasized new product initiatives, including Symphony 8 and a new FiberPatrol launch planned for early 2022, as well as cross-sell, upsell, and channel expansion efforts.
Tomer Hay said reported revenue was $10.1 million and gross margin was 69.8%, helped by higher sales and a favorable product mix. Operating expenses were $4.8 million, up 16.1% year over year, mainly due to business and sales spending such as travel and marketing, partly offset by Canadian payroll subsidies. He noted EBITDA from continuing operations of $2.5 million, cash and cash equivalents of $15.5 million, and no debt; he also said public company expenses and amortization were $0.9 million in both Q2 2021 and Q2 2020, and that the company expects to continue producing positive net income from continuing operations for the rest of 2021.
Analysts focused on the proposed dividend, possible acquisitions, and the unresolved foreign tax ruling tied to the December 2020 Magal dividend. Management said shareholders will vote on authorizing up to $40 million in dividends, but the Board will decide the final amount, and they are currently pursuing an acquisition while targeting deals in the $10 million to $20 million range. On the tax issue, management said they remain frustrated by delays from Israeli tax authorities and hope for resolution in the coming weeks, with a press release possible once there is an update. They also said the acquisition target faces litigation and other bidders, but Senstar believes it is in a good position if that issue is resolved.
The call showed clear operating momentum: revenue growth, stronger margins, higher EBITDA, and bookings up year over year. Management sounded confident that reopening trends, a healthier pipeline, new products, and the post-divestiture structure can support continued growth and positive earnings through year-end.
Management flagged supply chain and semiconductor cost pressure that could hurt gross margin in the second half of 2021 and into the first half of 2022. The acquisition they want is still uncertain because of litigation and other bidders, and the tax-ruling issue for the prior dividend remains unresolved despite repeated follow-ups.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 0.0%
- Shares Outstanding
- 54.61M
- Float Shares
- 0
of shares held by institutions
297 13F filers
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Exchange Traded Concepts, LLC | 3.27M | ▼ 509.49K |
| Signature Estate & Investment Advisors LLC | 2.80M | ▲ 2.80M |
| Horizon Investments, LLC | 2.54M | ▲ 273.89K |
| Clal Insurance Enterprises Holdings Ltd | 1.79M | ▼ 7.56M |
| Phoenix Holdings Ltd. | 1.63M | ▲ 1.63M |
| J.Safra Asset Management Corp | 1.54M | ▼ 29.74K |
| Goldman Sachs Group Inc | 1.07M | ▼ 50.60K |
| Two Sigma Investments, LP | 892.60K | ▼ 317.70K |
| Money Concepts Capital Corp | 678.10K | ▲ 24.44K |
| Ubs Group AG | 490.12K | ▲ 398.60K |
| Vista Finance, LLC | 452.16K | ▲ 105.98K |
| Cerity Partners LLC | 421.60K | ▲ 119.37K |
Held by 8 ETFs
Biggest fund positions in MAGS by dollar value.
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