JPMorgan Chase & Co. Has $543,000 Stock Holdings in Rimini Street, Inc. (NASDAQ:RMNI)

JPMorgan Chase & Co. increased its position in shares of Rimini Street, Inc. (NASDAQ:RMNI - Free Report) by 104.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203,430 shares of the company's stock after acquiring an additional 103,828 shares during the period. JPMorgan Chase & Co. owned approximately 0.22% of Rimini Street worth $543,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RMNI. Prudential Financial Inc. grew its stake in shares of Rimini Street by 67.0% in the 4th quarter. Prudential Financial Inc. now owns 19,935 shares of the company's stock worth $53,000 after purchasing an additional 8,000 shares during the last quarter. Brooktree Capital Management grew its position in Rimini Street by 10.3% in the fourth quarter. Brooktree Capital Management now owns 3,871,041 shares of the company's stock worth $10,336,000 after buying an additional 361,380 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Rimini Street by 28.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 667,673 shares of the company's stock valued at $1,783,000 after buying an additional 149,659 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Rimini Street by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 457,181 shares of the company's stock valued at $1,221,000 after acquiring an additional 12,300 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake 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 worth $737,000 after acquiring an additional 18,906 shares in the last quarter. 73.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners raised Rimini Street from a "neutral" rating to a "buy" rating in a report on Friday, February 28th.

Rimini Street Trading Down 0.9 %

Shares of RMNI traded down $0.03 during midday trading on Tuesday, hitting $3.34. The stock had a trading volume of 195,645 shares, compared to its average volume of 283,766. Rimini Street, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $4.15. The business has a 50-day simple moving average of $3.53 and a two-hundred day simple moving average of $2.84. The firm has a market cap of $306.52 million, a P/E ratio of -9.03 and a beta of 1.33.

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 the consensus estimate of $0.10 by ($0.01). The firm had revenue of $114.21 million for the quarter, compared to analysts' expectations of $102.57 million. Rimini Street had a negative return on equity of 83.26% and a negative net margin of 7.87%. On average, analysts expect that Rimini Street, Inc. will post 0.37 earnings per share for the current fiscal year.

Insider Activity at Rimini Street

In other Rimini Street news, EVP Steven Hershkowitz sold 24,974 shares of Rimini Street stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $3.47, for a total transaction of $86,659.78. Following the transaction, the executive vice president now owns 75,025 shares of the company's stock, valued at $260,336.75. The trade was a 24.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 36,156 shares of company stock valued at $125,591. Company insiders own 41.00% of the company's stock.

Rimini Street Profile

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.