Rimini Street, Inc. (NASDAQ:RMNI) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Rimini Street, Inc. (NASDAQ:RMNI) by 23.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,527 shares of the company’s stock after buying an additional 4,238 shares during the period. SG Americas Securities LLC’s holdings in Rimini Street were worth $60,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of RMNI. Brooktree Capital Management boosted its stake in Rimini Street by 14.6% during the 3rd quarter. Brooktree Capital Management now owns 3,509,661 shares of the company’s stock valued at $6,493,000 after purchasing an additional 445,984 shares during the period. Cerity Partners LLC boosted its stake in Rimini Street by 80.2% during the 3rd quarter. Cerity Partners LLC now owns 306,843 shares of the company’s stock valued at $568,000 after purchasing an additional 136,609 shares during the period. Round Hill Asset Management boosted its stake in Rimini Street by 54.1% during the 3rd quarter. Round Hill Asset Management now owns 348,306 shares of the company’s stock valued at $644,000 after purchasing an additional 122,333 shares during the period. Janus Henderson Group PLC acquired a new position in Rimini Street during the 3rd quarter valued at about $210,000. Finally, Barclays PLC boosted its stake in Rimini Street by 281.6% during the 3rd quarter. Barclays PLC now owns 70,291 shares of the company’s stock valued at $130,000 after purchasing an additional 51,870 shares during the period. 73.75% of the stock is owned by institutional investors and hedge funds.

Rimini Street Trading Up 14.2 %

RMNI stock opened at $3.38 on Friday. Rimini Street, Inc. has a 52 week low of $1.53 and a 52 week high of $3.43. The company has a market capitalization of $307.31 million, a price-to-earnings ratio of -9.13 and a beta of 1.31. The firm’s 50-day moving average is $2.66 and its two-hundred day moving average is $2.16.

Insider Buying and Selling

In related news, CEO Seth A. Ravin sold 14,375 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $2.20, for a total value of $31,625.00. Following the sale, the chief executive officer now directly owns 444,914 shares in the company, valued at $978,810.80. The trade was a 3.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 33,867 shares of company stock worth $83,982 in the last ninety days. 41.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Craig Hallum upgraded shares of Rimini Street from a “hold” rating to a “buy” rating and boosted their price target for the stock from $2.00 to $6.00 in a research report on Tuesday, December 17th.

About Rimini Street

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.