Hillsdale Investment Management Inc. Makes New Investment in RE/MAX Holdings, Inc. (NYSE:RMAX)

Hillsdale Investment Management Inc. purchased a new position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,000 shares of the financial services provider’s stock, valued at approximately $256,000. Hillsdale Investment Management Inc. owned 0.13% of RE/MAX as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its stake in RE/MAX by 31.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,579 shares of the financial services provider’s stock worth $60,000 after buying an additional 1,336 shares during the last quarter. Quest Partners LLC purchased a new position in shares of RE/MAX during the 3rd quarter worth about $106,000. AlphaQuest LLC boosted its position in shares of RE/MAX by 39.2% in the fourth quarter. AlphaQuest LLC now owns 11,829 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 3,329 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in RE/MAX in the third quarter valued at approximately $135,000. Finally, Paloma Partners Management Co acquired a new position in RE/MAX during the third quarter worth approximately $143,000. Institutional investors and hedge funds own 93.17% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of RE/MAX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 19th.

Insider Activity at RE/MAX

In related news, major shareholder Adam K. Peterson bought 13,636 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of $10.45 per share, for a total transaction of $142,496.20. Following the acquisition, the insider now owns 3,221,131 shares in the company, valued at $33,660,818.95. This represents a 0.43 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have acquired 40,434 shares of company stock worth $410,729. 5.99% of the stock is currently owned by corporate insiders.

RE/MAX Price Performance

RE/MAX stock opened at $9.10 on Tuesday. The company has a market cap of $172.65 million, a price-to-earnings ratio of 25.99 and a beta of 1.32. RE/MAX Holdings, Inc. has a 12 month low of $6.94 and a 12 month high of $14.31. The stock’s 50-day moving average is $9.56 and its 200-day moving average is $11.04.

RE/MAX (NYSE:RMAX) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.10). RE/MAX had a net margin of 2.32% and a negative return on equity of 38.69%. The business had revenue of $72.47 million during the quarter, compared to analysts’ expectations of $74.34 million. Research analysts anticipate that RE/MAX Holdings, Inc. will post 0.89 EPS for the current year.

RE/MAX Profile

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