Nuveen LLC Invests $98,000 in RumbleON, Inc. $RMBL

Nuveen LLC acquired a new stake in shares of RumbleON, Inc. (NASDAQ:RMBL) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 34,914 shares of the company’s stock, valued at approximately $98,000. Nuveen LLC owned 0.09% of RumbleON at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in RMBL. Wells Fargo & Company MN increased its position in RumbleON by 36.4% during the 4th quarter. Wells Fargo & Company MN now owns 10,084 shares of the company’s stock valued at $55,000 after purchasing an additional 2,689 shares during the period. Magnus Financial Group LLC increased its position in RumbleON by 141.7% during the 1st quarter. Magnus Financial Group LLC now owns 40,000 shares of the company’s stock valued at $113,000 after purchasing an additional 23,451 shares during the period. PharVision Advisers LLC purchased a new position in RumbleON during the 4th quarter valued at $114,000. Dimensional Fund Advisors LP increased its position in RumbleON by 72.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,621 shares of the company’s stock valued at $117,000 after purchasing an additional 9,088 shares during the period. Finally, Deutsche Bank AG increased its position in RumbleON by 260.3% during the 4th quarter. Deutsche Bank AG now owns 22,545 shares of the company’s stock valued at $122,000 after purchasing an additional 16,288 shares during the period. 66.14% of the stock is owned by hedge funds and other institutional investors.

RumbleON Stock Up 58.8%

Shares of RumbleON stock opened at $3.18 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.27 and a debt-to-equity ratio of 8.00. The company’s fifty day simple moving average is $2.69 and its two-hundred day simple moving average is $2.67. The company has a market cap of $120.01 million, a P/E ratio of -1.06 and a beta of 1.27. RumbleON, Inc. has a 12-month low of $1.46 and a 12-month high of $7.06.

RumbleON (NASDAQ:RMBL) last released its earnings results on Monday, August 11th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $299.90 million for the quarter, compared to the consensus estimate of $259.08 million. RumbleON had a negative net margin of 9.87% and a negative return on equity of 101.83%. Research analysts anticipate that RumbleON, Inc. will post -0.89 EPS for the current year.

RumbleON Profile

RumbleOn, Inc primarily operates as a powersports retailer in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products.