RE/MAX Holdings, Inc. (NYSE:RMAX – Get Free Report) major shareholder Adam K. Peterson acquired 2,180 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were purchased at an average price of $8.03 per share, with a total value of $17,505.40. Following the completion of the acquisition, the insider now owns 3,100,652 shares in the company, valued at $24,898,235.56. The purchase was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
RE/MAX Stock Performance
Shares of RMAX opened at $8.10 on Monday. RE/MAX Holdings, Inc. has a 12 month low of $6.94 and a 12 month high of $20.48. The stock’s 50-day moving average is $8.24 and its two-hundred day moving average is $9.25.
RE/MAX (NYSE:RMAX – Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. RE/MAX had a negative return on equity of 50.09% and a negative net margin of 22.51%. The firm had revenue of $78.29 million for the quarter, compared to analyst estimates of $78.14 million. As a group, equities analysts forecast that RE/MAX Holdings, Inc. will post 0.7 EPS for the current year.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on RMAX
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in RE/MAX by 195.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,170 shares of the financial services provider’s stock valued at $1,555,000 after buying an additional 79,476 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in RE/MAX in the third quarter valued at about $561,000. Kennedy Capital Management LLC acquired a new stake in RE/MAX during the 3rd quarter valued at approximately $278,000. B. Riley Wealth Advisors Inc. purchased a new stake in RE/MAX during the 3rd quarter worth approximately $347,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of RE/MAX in the 4th quarter valued at approximately $396,000. 93.17% of the stock is currently owned by hedge funds and other institutional investors.
RE/MAX Company Profile
RE/MAX Holdings, Inc operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. It operates through Real Estate, Mortgage, and Marketing Funds segments. The company 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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