Shell Asset Management Co. Sells 1,039 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX)

Shell Asset Management Co. trimmed its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX – Get Rating) by 12.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,013 shares of the financial services provider’s stock after selling 1,039 shares during the quarter. Shell Asset Management Co.’s holdings in RE/MAX were worth $194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in RMAX. Magnolia Group LLC bought a new stake in RE/MAX during the first quarter worth about $23,429,000. Aureus Asset Management LLC grew its stake in RE/MAX by 15.0% during the fourth quarter. Aureus Asset Management LLC now owns 714,757 shares of the financial services provider’s stock worth $21,793,000 after buying an additional 93,035 shares during the last quarter. Robeco Institutional Asset Management BV bought a new stake in RE/MAX during the fourth quarter worth about $1,640,000. BNP Paribas Arbitrage SA lifted its position in shares of RE/MAX by 233.1% during the fourth quarter. BNP Paribas Arbitrage SA now owns 67,587 shares of the financial services provider’s stock worth $2,061,000 after purchasing an additional 47,296 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of RE/MAX by 16.6% during the fourth quarter. Victory Capital Management Inc. now owns 226,043 shares of the financial services provider’s stock worth $6,892,000 after purchasing an additional 32,175 shares in the last quarter. 94.37% of the stock is owned by institutional investors.

Insider Transactions at RE/MAX

In related news, major shareholder Adam K. Peterson acquired 12,000 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The stock was acquired at an average cost of $24.37 per share, with a total value of $292,440.00. Following the completion of the purchase, the insider now directly owns 2,120,805 shares in the company, valued at $51,684,017.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Adam K. Peterson acquired 12,000 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The stock was acquired at an average cost of $24.37 per share, with a total value of $292,440.00. Following the completion of the purchase, the insider now directly owns 2,120,805 shares in the company, valued at $51,684,017.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Adam K. Peterson acquired 4,435 shares of the firm’s stock in a transaction that occurred on Thursday, June 23rd. The shares were bought at an average cost of $23.62 per share, with a total value of $104,754.70. Following the completion of the purchase, the insider now owns 2,012,927 shares of the company’s stock, valued at $47,545,335.74. The disclosure for this purchase can be found here. Insiders have purchased 123,885 shares of company stock worth $2,887,325 in the last three months. Insiders own 3.37% of the company’s stock.

RE/MAX price performance

Shares of RMAX stock opened at $26.42 on Monday. RE/MAX Holdings, Inc. has a 1 year low of $21.48 and a 1 year high of $35.34. The firm’s 50-day moving average is $24.37 and its 200-day moving average is $26.17. The firm has a market capitalization of $509.01 million, a price-to-earnings ratio of -33.02 and a beta of 1.27. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 6.40.

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

RE/MAX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 30th. Shareholders of record on Tuesday, August 16th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Monday, August 15th. RE/MAX’s payout ratio 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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Institutional Ownership by Quarter for RE/MAX (NYSE:RMAX)

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