KBC Group NV Buys 9,777 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX)

August 7, 2022 Beth McCandry

KBC Group NV increased its stake in RE/MAX Holdings, Inc. (NYSE:RMAX – Get Rating) by 11.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 95,535 shares of the financial services provider’s stock after purchasing an additional 9,777 shares during the quarter. KBC Group NV owned approximately 0.51% of RE/MAX worth $2,649,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new position in RE/MAX in the 1st quarter worth $1,566,000. Clearstead Advisors LLC bought a new stake in RE/MAX during the first quarter valued at about $72,000. Summit Global Investments bought a new stake in RE/MAX during the first quarter valued at about $232,000. Magnolia Group LLC bought a new stake in RE/MAX during the first quarter valued at about $23,429,000. Finally, Confluence Investment Management LLC raised its holdings in RE/MAX by 3.9% during the first quarter. Confluence Investment Management LLC now owns 597,740 shares of the financial services provider’s stock valued at $16,575,000 after acquiring an additional 22,626 shares during the period. 94.37% of the stock is owned by institutional investors.

Insider Transactions at RE/MAX

In other news, major shareholder Adam K. Peterson bought 40,239 shares of RE/MAX stock in a transaction dated Thursday, June 16th. The shares were purchased at an average cost of $21.94 per share, with a total value of $882,843.66. Following the completion of the acquisition, the insider now owns 2,008,492 shares of the company’s stock, valued at approximately $44,066,314.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Adam K. Peterson bought 22,515 shares of RE/MAX stock in a transaction dated Tuesday, June 28th. The shares were purchased at an average cost of $23.90 per share, with a total value of $538,108.50. Following the completion of the acquisition, the insider now owns 2,064,109 shares of the company’s stock, valued at approximately $49,332,205.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Adam K. Peterson purchased 40,239 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The stock was bought at an average price of $21.94 per share, with a total value of $882,843.66. Following the transaction, the insider now owns 2,008,492 shares of the company’s stock, valued at approximately $44,066,314.48. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 123,885 shares of company stock valued at $2,887,325. 3.37% of the stock is currently owned by insiders.

RE/MAX price performance

NYSE:RMAX opened at $26.42 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 6.40. The business’s 50-day simple moving average is $24.37 and its two-hundred day simple moving average is $26.19. The stock has a market cap of $509.11 million, a PE ratio of -33.02 and a beta of 1.27. RE/MAX Holdings, Inc. has a 52 week low of $21.48 and a 52 week high of $35.34.

RE/MAX (NYSE:RMAX – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The financial services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $92.17 million for the quarter, compared to analysts’ expectations of $92.54 million. RE/MAX had a positive return on equity of 86.66% and a negative net margin of 4.06%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. As a group, analysts forecast that RE/MAX Holdings, Inc. will post 1.86 EPS for the current fiscal year.

RE/MAX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 30th. Stockholders of record on Tuesday, August 16th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Monday, August 15th. This represents a $0.92 annualized dividend and a dividend yield of 3.48%. RE/MAX’s dividend payout ratio (DPR) is -115.00%.

About RE/MAX

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RE/MAX Holdings, Inc operates as a franchiser of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company operates through three segments: Real Estate, Mortgage, and Marketing Funds. It 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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