RumbleON, Inc. $RMBL Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its holdings in RumbleON, Inc. (NASDAQ:RMBL) by 21.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,984 shares of the company’s stock after selling 21,517 shares during the quarter. Invesco Ltd. owned approximately 0.21% of RumbleON worth $223,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of RMBL. Wells Fargo & Company MN lifted its stake in shares of RumbleON by 36.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,084 shares of the company’s stock worth $55,000 after acquiring an additional 2,689 shares in the last quarter. Magnus Financial Group LLC raised its stake in RumbleON by 141.7% during the first quarter. Magnus Financial Group LLC now owns 40,000 shares of the company’s stock valued at $113,000 after buying an additional 23,451 shares in the last quarter. PharVision Advisers LLC acquired a new stake in RumbleON during the fourth quarter valued at approximately $114,000. Dimensional Fund Advisors LP raised its stake in RumbleON by 72.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,621 shares of the company’s stock valued at $117,000 after buying an additional 9,088 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in RumbleON by 260.3% during the fourth quarter. Deutsche Bank AG now owns 22,545 shares of the company’s stock valued at $122,000 after buying an additional 16,288 shares in the last quarter. Institutional investors and hedge funds own 66.14% of the company’s stock.

RumbleON Trading Up 58.8%

Shares of NASDAQ RMBL opened at $3.18 on Monday. The stock’s 50 day moving average price is $2.69 and its two-hundred day moving average price is $2.67. RumbleON, Inc. has a 52-week low of $1.46 and a 52-week high of $7.06. The stock has a market capitalization of $120.01 million, a P/E ratio of -1.06 and a beta of 1.27. The company has a quick ratio of 0.27, a current ratio of 1.16 and a debt-to-equity ratio of 8.00.

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

About RumbleON

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.