Major owner of Randolph Bancorp, Inc. just declared owning 542,326 shares of Randolph Bancorp, Inc.

Martin S. Friedman, a major owner of Randolph Bancorp, Inc., has just filed an initial statement of beneficial ownership where 542,326 shares of Randolph Bancorp, Inc. were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Friedman. Friedman operates out of Arlington, VA. Some additional info was provided as follows:


On July 27, 2021, Randolph Bancorp, Inc (RNDB) filed their earnings release. As a consequence, FJ Capital discovered that RNDB had completed stock repurchase(s) which resulted in FJ Capital ownership increasing to 10.32%.
Martin S Friedman (the "Reporting Person") is the managing member of FJ Capital Management LLC ("FJ Capital"), which is the managing member of and in vestment adviser to Financial Opportunity Fund LLC ("FOF"), Financial Hybrid Opportunity Fund LLC ("FHOF"), and Financial Hybrid Opportunity SPV 1 LLC ("HSPV"), (FOF, FHOF and HSPV, collectively, the "Funds") and investment adviser to a separately managed account ("SMA"), each of which beneficially owns shares of the common stock of the issuer (the "Shares"). As a consequence of stock repurchases by the issuer, FOF holds 223,712 Shares (ii) FHOF holds 136,909 Shares, (iii) HSPV holds 171,604 Shares, and (iv) the SMA holds 10,101 Shares.
The Reporting Person, in his capacity as Managing Member of FJ Capital, has voting and dispositive power over the Shares held by the Funds and the SMA. Mr. Friedman disclaims beneficial ownership of the Shares reported herein, and this report shall not be deemed an admission of beneficial ownership of such Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Randolph Bancorp: William M. Parent, President And Chief - Sept. 20, 2021

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