Rimini Street Trading Down 1.9 %
RMNI stock opened at $4.60 on Monday. Rimini Street has a 1 year low of $4.19 and a 1 year high of $11.52. The company has a fifty day simple moving average of $5.59 and a 200 day simple moving average of $5.82. The firm has a market cap of $402.73 million, a PE ratio of 6.39, a PEG ratio of 1.69 and a beta of 0.91.
Rimini Street (NASDAQ:RMNI – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). Rimini Street had a net margin of 19.08% and a negative return on equity of 96.56%. The business had revenue of $101.20 million during the quarter, compared to analyst estimates of $99.86 million. As a group, analysts forecast that Rimini Street will post 0.28 EPS for the current fiscal year.
Insider Transactions at Rimini Street
Institutional Trading of Rimini Street
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacific Ridge Capital Partners LLC boosted its position in Rimini Street by 1.2% in the first quarter. Pacific Ridge Capital Partners LLC now owns 1,381,106 shares of the company’s stock valued at $8,010,000 after buying an additional 15,910 shares in the last quarter. Union Square Park Capital Management LLC boosted its position in Rimini Street by 18.6% in the fourth quarter. Union Square Park Capital Management LLC now owns 1,185,748 shares of the company’s stock valued at $7,079,000 after buying an additional 185,748 shares in the last quarter. King Luther Capital Management Corp acquired a new position in Rimini Street in the first quarter valued at about $103,000. Ruane Cunniff & Goldfarb L.P. boosted its position in Rimini Street by 24.0% in the fourth quarter. Ruane Cunniff & Goldfarb L.P. now owns 27,769 shares of the company’s stock valued at $166,000 after buying an additional 5,381 shares in the last quarter. Finally, Bard Associates Inc. boosted its position in Rimini Street by 3.7% in the first quarter. Bard Associates Inc. now owns 282,511 shares of the company’s stock valued at $1,639,000 after buying an additional 10,156 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.
About Rimini Street
Rimini Street, Inc provides enterprise software products, services, and support for various industries. The company offers software support services for Oracle and SAP enterprise software products. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific.
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