Brooktree Capital Management lifted its position in Rimini Street, Inc. (NASDAQ:RMNI - Free Report) by 10.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,871,041 shares of the company's stock after purchasing an additional 361,380 shares during the period. Rimini Street comprises approximately 7.7% of Brooktree Capital Management's portfolio, making the stock its 3rd biggest holding. Brooktree Capital Management owned about 4.26% of Rimini Street worth $10,336,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in Rimini Street in the third quarter valued at $58,000. SG Americas Securities LLC boosted its holdings in Rimini Street by 23.2% in the fourth quarter. SG Americas Securities LLC now owns 22,527 shares of the company's stock valued at $60,000 after acquiring an additional 4,238 shares in the last quarter. Ruane Cunniff & Goldfarb L.P. boosted its holdings in Rimini Street by 34.3% in the third quarter. Ruane Cunniff & Goldfarb L.P. now owns 38,090 shares of the company's stock valued at $70,000 after acquiring an additional 9,719 shares in the last quarter. Barclays PLC boosted its holdings in Rimini Street by 281.6% in the third quarter. Barclays PLC now owns 70,291 shares of the company's stock valued at $130,000 after acquiring an additional 51,870 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its holdings in Rimini Street by 165.0% in the third quarter. Banque Cantonale Vaudoise now owns 75,367 shares of the company's stock valued at $139,000 after acquiring an additional 46,928 shares in the last quarter. Institutional investors own 73.75% of the company's stock.
Rimini Street Trading Down 2.5 %
Rimini Street stock traded down $0.10 on Friday, hitting $3.89. 719,840 shares of the stock traded hands, compared to its average volume of 282,841. The firm has a market cap of $355.14 million, a P/E ratio of -10.51 and a beta of 1.29. The business's fifty day simple moving average is $3.26 and its 200 day simple moving average is $2.48. Rimini Street, Inc. has a 1 year low of $1.53 and a 1 year high of $4.15.
Rimini Street (NASDAQ:RMNI - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.09 EPS 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 net margin of 7.87% and a negative return on equity of 83.26%. As a group, analysts predict that Rimini Street, Inc. will post 0.37 earnings per share for the current year.
Analyst Ratings Changes
Several analysts recently weighed in on RMNI shares. Craig Hallum upgraded shares of Rimini Street from a "hold" rating to a "buy" rating and lifted their price target for the company from $2.00 to $6.00 in a report on Tuesday, December 17th. Alliance Global Partners raised Rimini Street from a "neutral" rating to a "buy" rating in a research report on Friday, February 28th.
Check Out Our Latest Report on Rimini Street
Rimini Street Profile
(
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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