Rimini Street, Inc. (NASDAQ:RMNI – Get Rating)’s stock price fell 14% during mid-day trading on Thursday . The stock traded as low as $5.91 and last traded at $6.21. 4,867 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 261,639 shares. The stock had previously closed at $7.22.
Rimini Street Stock Performance
The firm has a market capitalization of $493.52 million, a P/E ratio of 7.88, a price-to-earnings-growth ratio of 1.57 and a beta of 0.81. The company has a 50-day moving average price of $6.26 and a 200-day moving average price of $5.77.
Rimini Street (NASDAQ:RMNI – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). Rimini Street had a negative return on equity of 89.85% and a net margin of 19.08%. The company had revenue of $97.91 million during the quarter, compared to the consensus estimate of $95.81 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. Equities analysts predict that Rimini Street, Inc. will post 0.46 EPS for the current year.
Insider Transactions at Rimini Street
Institutional Trading of Rimini Street
Institutional investors have recently modified their holdings of the company. B. Riley Wealth Management Inc. bought a new stake in shares of Rimini Street in the fourth quarter valued at about $314,000. Union Square Park Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 185,748 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of Rimini Street in the fourth quarter valued at about $158,000. Ruane Cunniff & Goldfarb L.P. increased its position in shares of 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 acquiring an additional 5,381 shares during the last quarter. Finally, Sandy Cove Advisors LLC acquired a new stake in shares of Rimini Street in the fourth quarter valued at about $34,000. 79.45% of the stock is currently owned by institutional investors.
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.
- Get a free copy of the StockNews.com research report on Rimini Street (RMNI)
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