SG Americas Securities LLC Makes New $39,000 Investment in Rimini Street, Inc. (NASDAQ:RMNI)

SG Americas Securities LLC acquired a new stake in Rimini Street, Inc. (NASDAQ:RMNI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 12,012 shares of the company’s stock, valued at approximately $39,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Rimini Street by 39.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,572,737 shares of the company’s stock valued at $16,649,000 after buying an additional 1,013,566 shares in the last quarter. Morgan Stanley grew its holdings in shares of Rimini Street by 240.4% in the 4th quarter. Morgan Stanley now owns 1,342,256 shares of the company’s stock worth $5,114,000 after purchasing an additional 947,948 shares during the last quarter. Brooktree Capital Management increased its position in shares of Rimini Street by 43.6% during the 3rd quarter. Brooktree Capital Management now owns 2,817,829 shares of the company’s stock worth $6,199,000 after purchasing an additional 856,085 shares in the last quarter. BlackRock Inc. lifted its holdings in Rimini Street by 18.0% during the 3rd quarter. BlackRock Inc. now owns 3,343,568 shares of the company’s stock valued at $15,580,000 after purchasing an additional 510,706 shares during the last quarter. Finally, Ballast Asset Management LP acquired a new position in Rimini Street in the third quarter valued at about $1,104,000. 73.75% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rimini Street

In related news, EVP David W. Rowe sold 10,888 shares of Rimini Street stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $2.98, for a total value of $32,446.24. Following the completion of the transaction, the executive vice president now directly owns 385,941 shares of the company’s stock, valued at $1,150,104.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Rimini Street news, CEO Seth A. Ravin sold 82,071 shares of the company’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 transaction, the chief executive officer now owns 425,955 shares of the company’s stock, valued at approximately $1,269,345.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP David W. Rowe sold 10,888 shares of Rimini Street stock in a transaction 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 directly owns 385,941 shares of the company’s stock, valued at $1,150,104.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 150,202 shares of company stock worth $450,113. Insiders own 41.32% of the company’s stock.

Rimini Street Trading Down 1.0 %

Shares of Rimini Street stock opened at $2.86 on Monday. The stock has a market capitalization of $257.11 million, a price-to-earnings ratio of 9.86 and a beta of 1.23. The firm’s 50-day moving average price is $3.09 and its two-hundred day moving average price is $3.00. Rimini Street, Inc. has a 1-year low of $2.01 and a 1-year high of $5.32.

Rimini Street (NASDAQ:RMNI) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. Rimini Street had a negative return on equity of 63.89% and a net margin of 6.04%. The business had revenue of $112.11 million for the quarter, compared to analyst estimates of $105.95 million. As a group, equities research analysts predict that Rimini Street, Inc. will post 0.35 EPS for the current year.

Rimini Street Profile

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.