SG Americas Securities LLC acquired a new stake in shares of Rimini Street, Inc. (NASDAQ:RMNI – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 12,012 shares of the company’s stock, valued at approximately $39,000.
A number of other hedge funds have also made changes to their positions in RMNI. Point72 Hong Kong Ltd bought a new position in Rimini Street during the 1st quarter valued at $33,000. Tower Research Capital LLC TRC grew its holdings in Rimini Street by 231.9% during the third quarter. Tower Research Capital LLC TRC now owns 7,741 shares of the company’s stock worth $36,000 after acquiring an additional 5,409 shares during the period. Quantbot Technologies LP bought a new stake in Rimini Street in the first quarter worth about $49,000. Barclays PLC raised its position in Rimini Street by 542.4% in the fourth quarter. Barclays PLC now owns 13,252 shares of the company’s stock worth $51,000 after acquiring an additional 11,189 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Rimini Street in the 2nd quarter valued at about $66,000. Institutional investors and hedge funds own 73.75% of the company’s stock.
Rimini Street Price Performance
Shares of RMNI opened at $2.86 on Monday. The firm’s 50 day moving average is $3.09 and its 200-day moving average is $3.00. Rimini Street, Inc. has a 12-month low of $2.01 and a 12-month high of $5.32. The stock has a market capitalization of $257.11 million, a P/E ratio of 9.86 and a beta of 1.23.
Insider Transactions at Rimini Street
In other news, CEO Seth A. Ravin sold 82,071 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $2.98, for a total transaction of $244,571.58. Following the sale, the chief executive officer now directly owns 425,955 shares of the company’s stock, valued at $1,269,345.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP David W. Rowe sold 10,888 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $2.98, for a total value of $32,446.24. Following the completion of the sale, the executive vice president now owns 385,941 shares in the company, valued at approximately $1,150,104.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Seth A. Ravin sold 82,071 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $2.98, for a total transaction of $244,571.58. Following the completion of the transaction, the chief executive officer now directly owns 425,955 shares of the company’s stock, valued at approximately $1,269,345.90. The disclosure for this sale can be found here. Insiders sold a total of 150,202 shares of company stock valued at $450,113 in the last three months. 41.32% of the stock is currently owned by corporate insiders.
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.
Further Reading
- Five stocks we like better than Rimini Street
- What is the Euro STOXX 50 Index?
- MarketBeat Week in Review – 4/15 – 4/19
- High Flyers: 3 Natural Gas Stocks for March 2022
- Comprehensive Analysis of PayPal Stock
- What is the Dow Jones Industrial Average (DJIA)?
- Intuitive Surgical Stock Can Trend Much Higher This Year
Receive News & Ratings for Rimini Street Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rimini Street and related companies with MarketBeat.com's FREE daily email newsletter.