Insider Buying: RE/MAX Holdings, Inc. (NYSE:RMAX) Major Shareholder Acquires $154,500.00 in Stock

RE/MAX Holdings, Inc. (NYSE:RMAX) major shareholder Adam K. Peterson purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was acquired at an average price of $10.30 per share, for a total transaction of $154,500.00. Following the completion of the purchase, the insider now owns 3,236,131 shares of the company’s stock, valued at approximately $33,332,149.30. This represents a 0.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

RE/MAX Stock Down 3.0 %

Shares of RMAX traded down $0.32 on Thursday, reaching $10.35. The stock had a trading volume of 123,670 shares, compared to its average volume of 258,362. RE/MAX Holdings, Inc. has a twelve month low of $6.94 and a twelve month high of $14.31. The firm has a market capitalization of $195.33 million, a PE ratio of -19.17 and a beta of 1.34. The firm has a 50-day moving average of $11.98 and a 200 day moving average of $10.95.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RMAX. nVerses Capital LLC boosted its position in shares of RE/MAX by 566.7% in the 3rd quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider’s stock worth $25,000 after buying an additional 1,700 shares in the last quarter. Quest Partners LLC acquired a new position in RE/MAX during the third quarter worth about $106,000. Quantinno Capital Management LP purchased a new stake in shares of RE/MAX in the third quarter valued at about $135,000. Paloma Partners Management Co acquired a new stake in shares of RE/MAX in the third quarter valued at approximately $143,000. Finally, XTX Topco Ltd acquired a new stake in shares of RE/MAX in the third quarter valued at approximately $145,000. Hedge funds and other institutional investors own 93.17% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of RE/MAX from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, RE/MAX presently has an average rating of “Hold” and a consensus price target of $9.17.

About RE/MAX

RE/MAX Holdings, Inc operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. It operates through Real Estate, Mortgage, and Marketing Funds segments. The company offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand; and mortgage loan processing software and services under the wemlo brand.