Janus Henderson Group PLC Makes New Investment in Rimini Street, Inc. (NASDAQ:RMNI)

Janus Henderson Group PLC acquired a new stake in Rimini Street, Inc. (NASDAQ:RMNI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 113,306 shares of the company’s stock, valued at approximately $210,000. Janus Henderson Group PLC owned approximately 0.12% of Rimini Street at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. SG Americas Securities LLC boosted its holdings in Rimini Street by 60.7% during the 3rd quarter. SG Americas Securities LLC now owns 18,289 shares of the company’s stock valued at $34,000 after acquiring an additional 6,905 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Rimini Street during the second quarter worth about $61,000. Byrne Asset Management LLC purchased a new position in shares of Rimini Street in the second quarter valued at approximately $62,000. Ruane Cunniff & Goldfarb L.P. grew its holdings in shares of Rimini Street by 34.3% in the third quarter. Ruane Cunniff & Goldfarb L.P. now owns 38,090 shares of the company’s stock valued at $70,000 after purchasing an additional 9,719 shares in the last quarter. Finally, Gladius Capital Management LP grew its holdings in shares of Rimini Street by 201.2% in the third quarter. Gladius Capital Management LP now owns 56,018 shares of the company’s stock valued at $104,000 after purchasing an additional 37,418 shares in the last quarter. 73.75% of the stock is owned by institutional investors and hedge funds.

Rimini Street Stock Down 3.4 %

Rimini Street stock opened at $1.97 on Monday. Rimini Street, Inc. has a 52-week low of $1.53 and a 52-week high of $3.44. The firm has a market cap of $179.11 million, a PE ratio of -5.32 and a beta of 1.34. The company’s 50 day moving average is $1.93 and its two-hundred day moving average is $2.19.

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

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.