Pacific Ridge Capital Partners LLC Has $4.13 Million Position in Rimini Street, Inc. (NASDAQ:RMNI)

Pacific Ridge Capital Partners LLC grew its stake in Rimini Street, Inc. (NASDAQ:RMNI - Free Report) by 33.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,545,671 shares of the company's stock after acquiring an additional 390,131 shares during the period. Pacific Ridge Capital Partners LLC owned 1.70% of Rimini Street worth $4,127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of RMNI. Prudential Financial Inc. raised its position in shares of Rimini Street by 67.0% during the fourth quarter. Prudential Financial Inc. now owns 19,935 shares of the company's stock worth $53,000 after acquiring an additional 8,000 shares during the last quarter. Virtu Financial LLC acquired a new stake in Rimini Street in the third quarter worth about $58,000. SG Americas Securities LLC raised its holdings in Rimini Street by 23.2% during the 4th quarter. SG Americas Securities LLC now owns 22,527 shares of the company's stock worth $60,000 after purchasing an additional 4,238 shares during the last quarter. Ruane Cunniff & Goldfarb L.P. lifted its position in Rimini Street by 34.3% during the 3rd quarter. Ruane Cunniff & Goldfarb L.P. now owns 38,090 shares of the company's stock valued at $70,000 after purchasing an additional 9,719 shares during the period. Finally, Barclays PLC boosted its stake in shares of Rimini Street by 281.6% in 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. 73.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RMNI has been the subject of a number of recent research reports. Alliance Global Partners raised shares of Rimini Street from a "neutral" rating to a "buy" rating in a research note on Friday, February 28th. Craig Hallum upgraded Rimini Street from a "hold" rating to a "buy" rating and upped their price objective for the company from $2.00 to $6.00 in a report on Tuesday, December 17th.

Rimini Street Stock Up 0.6 %

NASDAQ RMNI traded up $0.02 during trading on Monday, reaching $3.49. 83,741 shares of the stock traded hands, compared to its average volume of 287,440. Rimini Street, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $4.15. The firm has a market cap of $318.62 million, a price-to-earnings ratio of -9.39 and a beta of 1.29. The stock's 50-day moving average price is $3.35 and its 200 day moving average price is $2.55.

Rimini Street (NASDAQ:RMNI - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $102.57 million. Analysts anticipate that Rimini Street, Inc. will post 0.37 EPS for the current fiscal year.

About Rimini Street

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.