The Bankrate Inc (RATE) Stake Raised by S Squared Technology LLC

The Bankrate Inc (RATE) Stake Raised by S Squared Technology LLC

Other hedge funds and other institutional investors have also modified their holdings of the company. Wedge Capital Management L L P NC boosted its position in shares of Bankrate by 1.6% in the first quarter. Wedge Capital Management L L P NC now owns 18,840 shares of the bank’s stock valued at $182,000 after buying an additional 300 shares in the last quarter. BlackRock Advisors LLC boosted its position in shares of Bankrate by 0.9% in the third quarter. BlackRock Advisors LLC now owns 142,047 shares of the bank’s stock valued at $1,205,000 after buying an additional 1,242 shares in the last quarter. American International Group Inc. boosted its position in shares of Bankrate by 7.1% in the first quarter. American International Group Inc. now owns 29,199 shares of the bank’s stock valued at $282,000 after buying an additional 1,928 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Bankrate by 2.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 128,945 shares of the bank’s stock valued at $1,244,000 after buying an additional 2,680 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Bankrate by 4.7% in the first quarter. Parametric Portfolio Associates LLC now owns 74,023 shares of the bank’s stock valued at $714,000 after buying an additional 3,331 shares in the last quarter. Institutional investors and hedge funds own 46.65% of the company’s stock.

S Squared Technology LLC raised its stake in Bankrate Inc (NYSE:RATE) by 11.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 256,749 shares of the bank’s stock after buying an additional 26,554 shares during the period. Bankrate accounts for approximately 2.3% of S Squared Technology LLC’s holdings, making the stock its 17th largest position. S Squared Technology LLC owned about 0.29% of Bankrate worth $2,478,000 at the end of the most recent quarter.

Bankrate Inc (NYSE:RATE) remained flat at $10.65 during mid-day trading on Friday. The stock had a trading volume of 373,596 shares. The stock’s market cap is $943.71 million. The company’s 50-day moving average price is $10.50 and its 200 day moving average price is $10.64. Bankrate Inc has a one year low of $6.91 and a one year high of $11.95.

Bankrate (NYSE:RATE) last posted its quarterly earnings results on Thursday, May 4th. The bank reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The firm had revenue of $118.70 million for the quarter, compared to the consensus estimate of $116.18 million. Bankrate had a negative net margin of 6.09% and a positive return on equity of 8.98%. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period last year, the firm posted $0.12 earnings per share. Analysts expect that Bankrate Inc will post $0.70 earnings per share for the current fiscal year. RATE has been the topic of a number of analyst reports. ValuEngine cut shares of Bankrate from a “buy” rating to a “hold” rating in a research note on Friday. Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of Bankrate in a research note on Saturday, March 11th. Zacks Investment Research upgraded shares of Bankrate from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $13.00 target price (down previously from $14.00) on shares of Bankrate in a research note on Monday, March 13th. Finally, CIBC initiated coverage on shares of Bankrate in a research note on Wednesday, February 8th. They set an “outperform” rating and a $14.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.75.

In other news, CEO Christopher J. Speltz sold 12,500 shares of the firm’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $10.95, for a total value of $136,875.00. Following the transaction, the chief executive officer now directly owns 292,233 shares of the company’s stock, valued at $3,199,951.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP James Gilmartin sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $10.35, for a total transaction of $51,750.00. Following the completion of the transaction, the senior vice president now directly owns 92,170 shares in the company, valued at $953,959.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,344 shares of company stock worth $380,319. Insiders own 6.80% of the company’s stock. About Bankrate

Bankrate, Inc is a publisher, aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories, including mortgages, deposits, credit cards, senior care and other personal finance categories. The Company’s segments include Banking, Credit Cards, Senior Care and Other.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RATE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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