Bard Associates Inc. Has $639,000 Position in Rimini Street, Inc. (NASDAQ:RMNI)

Bard Associates Inc. boosted its holdings in shares of Rimini Street, Inc. (NASDAQ:RMNI) by 7.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 345,257 shares of the company’s stock after acquiring an additional 24,757 shares during the period. Bard Associates Inc. owned 0.38% of Rimini Street worth $639,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new stake in shares of Rimini Street during the first quarter worth $33,000. SG Americas Securities LLC increased its stake in shares of Rimini Street by 60.7% in the 3rd quarter. SG Americas Securities LLC now owns 18,289 shares of the company’s stock valued at $34,000 after acquiring an additional 6,905 shares during the last quarter. Gladius Capital Management LP acquired a new stake in shares of Rimini Street in the 2nd quarter valued at approximately $57,000. Lee Danner & Bass Inc. bought a new position in shares of Rimini Street during the second quarter worth $61,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Rimini Street in the 1st quarter valued at $62,000. Institutional investors and hedge funds own 73.75% of the company’s stock.

Rimini Street Trading Down 0.5 %

RMNI opened at $1.95 on Friday. The business’s 50-day simple moving average is $1.83 and its 200 day simple moving average is $2.27. Rimini Street, Inc. has a 52-week low of $1.53 and a 52-week high of $3.44.

Rimini Street (NASDAQ:RMNI) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.15. Rimini Street had a negative net margin of 7.87% and a negative return on equity of 83.26%. The company had revenue of $104.67 million for the quarter, compared to analyst estimates of $99.39 million. As a group, research analysts predict that Rimini Street, Inc. will post 0.37 earnings per share for the current year.

Analyst Ratings Changes

Separately, Alliance Global Partners downgraded Rimini Street from a “buy” rating to a “neutral” rating in a report on Wednesday, July 31st.

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.