State of Alaska Department of Revenue decreased its holdings in RE/MAX Holdings, Inc. (NYSE:RMAX – Get Rating) by 10.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,996 shares of the financial services provider’s stock after selling 1,573 shares during the quarter. State of Alaska Department of Revenue owned 0.07% of RE/MAX worth $245,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Captrust Financial Advisors lifted its position in shares of RE/MAX by 115.0% during the 1st quarter. Captrust Financial Advisors now owns 1,017 shares of the financial services provider’s stock worth $28,000 after buying an additional 544 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of RE/MAX during the 2nd quarter worth approximately $29,000. Mutual of America Capital Management LLC increased its stake in shares of RE/MAX by 18.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 3,235 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 514 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of RE/MAX during the 2nd quarter worth approximately $89,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of RE/MAX during the 2nd quarter worth approximately $129,000. Institutional investors own 93.34% of the company’s stock.
Insiders Place Their Bets
In other RE/MAX news, Director Ronald E. Harrison sold 6,000 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $19.00, for a total value of $114,000.00. Following the completion of the sale, the director now directly owns 20,098 shares of the company’s stock, valued at $381,862. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other RE/MAX news, major shareholder Adam K. Peterson purchased 4,830 shares of the stock in a transaction on Monday, October 24th. The stock was acquired at an average cost of $18.57 per share, with a total value of $89,693.10. Following the completion of the purchase, the insider now directly owns 2,219,959 shares of the company’s stock, valued at approximately $41,224,638.63. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald E. Harrison sold 6,000 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $19.00, for a total transaction of $114,000.00. Following the completion of the transaction, the director now owns 20,098 shares in the company, valued at approximately $381,862. The disclosure for this sale can be found here. Insiders acquired 95,575 shares of company stock valued at $1,785,037 over the last three months. Insiders own 3.37% of the company’s stock.
Wall Street Analysts Forecast Growth
RE/MAX Stock Down 0.3 %
RMAX opened at $21.15 on Monday. The company has a fifty day moving average price of $19.41 and a 200-day moving average price of $21.35. The firm has a market capitalization of $385.88 million, a P/E ratio of 38.46 and a beta of 1.31. The company has a debt-to-equity ratio of 9.52, a current ratio of 2.06 and a quick ratio of 2.06. RE/MAX Holdings, Inc. has a one year low of $17.03 and a one year high of $31.69.
RE/MAX (NYSE:RMAX – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). RE/MAX had a return on equity of 89.01% and a net margin of 2.91%. The company had revenue of $88.94 million for the quarter, compared to the consensus estimate of $89.99 million. Equities research analysts expect that RE/MAX Holdings, Inc. will post 1.57 earnings per share for the current fiscal year.
RE/MAX Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend was Tuesday, November 15th. RE/MAX’s dividend payout ratio is currently 167.28%.
RE/MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company operates through three segments: Real Estate, Mortgage, and Marketing Funds. It 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.
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