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

Bard Associates Inc. lifted its holdings in shares of Rimini Street, Inc. (NASDAQ:RMNI) by 7.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 345,257 shares of the company’s stock after buying an additional 24,757 shares during the period. Bard Associates Inc.’s holdings in Rimini Street were worth $639,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of RMNI. Mirae Asset Global Investments Co. Ltd. acquired a new position in Rimini Street during the first quarter worth about $62,000. Vanguard Group Inc. increased its position in Rimini Street by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 4,522,843 shares of the company’s stock worth $14,744,000 after purchasing an additional 86,755 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Rimini Street by 43.8% in the 1st quarter. Acadian Asset Management LLC now owns 2,179,022 shares of the company’s stock valued at $7,099,000 after purchasing an additional 663,781 shares during the last quarter. Round Hill Asset Management acquired a new stake in Rimini Street in the first quarter valued at approximately $259,000. Finally, Quadrature Capital Ltd acquired a new stake in Rimini Street in the first quarter valued at approximately $33,000. 73.75% of the stock is currently owned by institutional investors.

Rimini Street Stock Performance

Rimini Street stock opened at $1.95 on Friday. Rimini Street, Inc. has a 52-week low of $1.53 and a 52-week high of $3.44. The firm has a 50 day moving average price of $1.83 and a two-hundred day moving average price of $2.27.

Rimini Street (NASDAQ:RMNI) last released its earnings results on Wednesday, October 30th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.05 by $0.15. Rimini Street had a negative return on equity of 83.26% and a negative net margin of 7.87%. The business had revenue of $104.67 million during the quarter, compared to analysts’ expectations of $99.39 million. Equities analysts expect that Rimini Street, Inc. will post 0.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners downgraded shares of 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.