20,000 Shares in Rimini Street, Inc. (NASDAQ:RMNI) Bought by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. bought a new position in Rimini Street, Inc. (NASDAQ:RMNI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $65,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in shares of Rimini Street during the 4th quarter worth about $39,000. Legato Capital Management LLC acquired a new position in shares of Rimini Street during the 4th quarter worth about $55,000. Ruane Cunniff & Goldfarb L.P. boosted its stake in shares of Rimini Street by 22.3% during the 3rd quarter. Ruane Cunniff & Goldfarb L.P. now owns 29,442 shares of the company’s stock worth $65,000 after buying an additional 5,369 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Rimini Street by 26.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 62,456 shares of the company’s stock worth $137,000 after buying an additional 13,237 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Rimini Street by 75.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 119,990 shares of the company’s stock worth $264,000 after buying an additional 51,640 shares during the last quarter. 73.75% of the stock is owned by institutional investors and hedge funds.

Rimini Street Price Performance

Rimini Street stock opened at $2.79 on Tuesday. Rimini Street, Inc. has a one year low of $2.01 and a one year high of $5.32. The company has a market cap of $250.82 million, a price-to-earnings ratio of 9.62 and a beta of 1.23. The firm has a 50-day moving average of $3.08 and a 200-day moving average of $3.00.

Rimini Street (NASDAQ:RMNI) last issued its earnings results on Wednesday, February 28th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. Rimini Street had a net margin of 6.04% and a negative return on equity of 63.89%. The business had revenue of $112.11 million during the quarter, compared to the consensus estimate of $105.95 million. As a group, sell-side analysts expect that Rimini Street, Inc. will post 0.35 earnings per share for the current year.

Insider Activity at Rimini Street

In related news, EVP David W. Rowe sold 10,888 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $1,150,104.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Rimini Street news, CFO Michael L. Perica sold 30,588 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $2.98, for a total value of $91,152.24. Following the transaction, the chief financial officer now directly owns 141,517 shares of the company’s stock, valued at approximately $421,720.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP David W. Rowe sold 10,888 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $2.98, for a total transaction of $32,446.24. Following the completion of the transaction, the executive vice president now directly owns 385,941 shares in the company, valued at $1,150,104.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 150,202 shares of company stock worth $450,113. Insiders own 41.32% of the company’s stock.

Rimini Street Company 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.