Dimensional Fund Advisors LP lowered its position in Rimini Street, Inc. (NASDAQ:RMNI - Free Report) by 43.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 366,864 shares of the company's stock after selling 286,979 shares during the period. Dimensional Fund Advisors LP owned about 0.40% of Rimini Street worth $979,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Rimini Street by 281.6% during the 3rd quarter. Barclays PLC now owns 70,291 shares of the company's stock valued at $130,000 after purchasing an additional 51,870 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Rimini Street by 38.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,602 shares of the company's stock valued at $184,000 after buying an additional 27,451 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Rimini Street by 23.2% during the 4th quarter. SG Americas Securities LLC now owns 22,527 shares of the company's stock valued at $60,000 after buying an additional 4,238 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Rimini Street by 20.0% during the 4th quarter. Bank of New York Mellon Corp now owns 278,619 shares of the company's stock valued at $744,000 after buying an additional 46,511 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its position in shares of Rimini Street by 7.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 276,025 shares of the company's stock valued at $737,000 after buying an additional 18,906 shares in the last quarter. Institutional investors own 73.75% of the company's stock.
Rimini Street Stock Up 3.1%
Rimini Street stock traded up $0.10 during midday trading on Friday, reaching $3.34. The stock had a trading volume of 231,028 shares, compared to its average volume of 285,625. Rimini Street, Inc. has a 52-week low of $1.53 and a 52-week high of $4.15. The firm has a market cap of $306.56 million, a price-to-earnings ratio of -9.03 and a beta of 1.33. The company has a fifty day moving average of $3.47 and a 200 day moving average of $2.94.
Rimini Street (NASDAQ:RMNI - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). Rimini Street had a negative return on equity of 83.26% and a negative net margin of 7.87%. The firm had revenue of $114.21 million during the quarter, compared to analysts' expectations of $102.57 million. Equities research analysts predict that Rimini Street, Inc. will post 0.37 EPS for the current year.
Analyst Ratings Changes
Separately, Alliance Global Partners upgraded shares of Rimini Street from a "neutral" rating to a "buy" rating in a research report on Friday, February 28th.
Read Our Latest Research Report on Rimini Street
Insider Buying and Selling
In other Rimini Street news, EVP Steven Hershkowitz sold 24,974 shares of the company's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $3.47, for a total value of $86,659.78. Following the transaction, the executive vice president now directly owns 75,025 shares in the company, valued at $260,336.75. This represents a 24.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Seth A. Ravin sold 61,292 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $3.28, for a total transaction of $201,037.76. Following the completion of the transaction, the chief executive officer now owns 652,696 shares in the company, valued at $2,140,842.88. This represents a 8.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,507 shares of company stock valued at $464,582 in the last ninety days. 41.20% of the stock is owned by company insiders.
About Rimini Street
(
Free Report)
Rimini Street, Inc provides enterprise software products, services, and support. The company engages in the provision of support services for Oracle and SAP enterprise software products. It also provides Rimini ONE, an outsourcing option that offers a set of unified and integrated services to run, manage, support, customize, configure, connect, protect, monitor, and optimize its clients' application, database, and technology enterprise software; Rimini Support, a mission-critical support for Oracle, SAP, proprietary and open-source database, and technology software; Rimini Manage, a suite of managed services for application and database software; Rimini Protect, a suite of personalized software security services and solutions; and Rimini Connect, a suite of managed interoperability solutions for browsers, operating systems, and email systems.
Further Reading
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