RE/MAX Holdings, Inc. (NYSE:RMAX) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management SA cut its holdings in RE/MAX Holdings, Inc. (NYSE:RMAX – Get Rating) by 4.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 218,833 shares of the financial services provider’s stock after selling 9,369 shares during the quarter. Assenagon Asset Management SA’s holdings in RE/MAX were worth $6,068,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RMAX. Aureus Asset Management LLC raised its position in RE/MAX by 15.0% in the fourth quarter. Aureus Asset Management LLC now owns 714,757 shares of the financial services provider’s stock worth $21,793,000 after acquiring an additional 93,035 shares in the last quarter. Robeco Institutional Asset Management BV acquired a new position in shares of RE/MAX in the 4th quarter valued at about $1,640,000. BNP Paribas Arbitrage SA increased its holdings in shares of RE/MAX by 233.1% in the 4th quarter. BNP Paribas Arbitrage SA now owns 67,587 shares of the financial services provider’s stock valued at $2,061,000 after purchasing an additional 47,296 shares during the period. Victory Capital Management Inc. increased its holdings in shares of RE/MAX by 16.6% in the 4th quarter. Victory Capital Management Inc. now owns 226,043 shares of the financial services provider’s stock valued at $6,892,000 after purchasing an additional 32,175 shares during the period. Finally, Rice Hall James & Associates LLC grew its stake in shares of RE/MAX by 47.2% in the 4th quarter. Rice Hall James & Associates LLC now owns 95,923 shares of the financial services provider’s stock valued at $2,925,000 after buying an additional 30,770 shares in the last quarter. Hedge funds and other institutional investors own 94.37% of the company’s stock.

Separately, StockNews.com initiated coverage on RE/MAX in a research report on Thursday, March 31st. They set a “hold” rating for the company.

In other RE/MAX news, major shareholder Adam K. Peterson purchased 24,500 shares of the company’s stock in a transaction dated Thursday, June 30th. The shares were bought at an average price of $24.26 per share, with a total value of $594,370.00. Following the completion of the transaction, the insider now directly owns 2,088,609 shares in the company, valued at approximately $50,669,654.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Adam K. Peterson purchased 40,239 shares of the company’s stock in a transaction dated Thursday, June 16th. The shares were acquired at an average cost of $21.94 per share, for a total transaction of $882,843.66. Following the transaction, the insider now owns 2,008,492 shares of the company’s stock, valued at $44,066,314.48. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 91,689 shares of company stock worth $2,120,077. 2.90% of the stock is owned by company insiders.

Shares of NYSE RMAX opened at $24.72 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 6.40. The business has a fifty day simple moving average of $23.73 and a 200 day simple moving average of $26.95. RE/MAX Holdings, Inc. has a one year low of $21.48 and a one year high of $35.34. The firm has a market capitalization of $476.35 million, a price-to-earnings ratio of -29.78 and a beta of 1.31.

RE/MAX (NYSE:RMAX – Get Rating) last announced its earnings results on Thursday, April 28th. The financial services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.29 by $0.08. The company had revenue of $91.00 million for the quarter, compared to analysts’ expectations of $90.77 million. RE/MAX had a positive return on equity of 68.84% and a negative net margin of 4.42%. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 earnings per share. On average, research analysts anticipate that RE/MAX Holdings, Inc. will post 1.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 25th. Investors of record on Wednesday, May 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Tuesday, May 10th. RE/MAX’s dividend payout ratio is -110.84%.

About RE/MAX (Get Rating)

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.

Further Reading

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