2 weeks Ago By ABMN Staff
Rhumbline Advisers boosted its position in shares of RumbleOn, Inc. ( NASDAQ:RMBL – Free Report ) by 3,910.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 19,772 shares of the company’s stock after buying an additional 19,279 shares during the period. Rhumbline Advisers’ holdings in RumbleOn were worth $81,000 at the end of the most recent quarter. Several other hedge funds have also recently bought and sold shares of RMBL.
Empowered Funds LLC grew its position in RumbleOn by 8.1% in the first quarter. Empowered Funds LLC now owns 58,300 shares of the company’s stock valued at $377,000 after acquiring an additional 4,375 shares during the last quarter.
Cannon Global Investment Management LLC bought a new position in shares of RumbleOn in the first quarter worth about $65,000. Virtu Financial LLC acquired a new stake in shares of RumbleOn in the 1st quarter valued at approximately $90,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of RumbleOn during the 2nd quarter valued at approximately $182,000.
66.14% of the stock is owned by institutional investors. Wall Street Analyst Weigh In Separately, Wedbush dropped their price target on RumbleOn from $7.
00 to $5.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. RumbleOn Stock Performance Shares of RMBL stock opened at $4.
79 on Tuesday. The stock has a market capitalization of $168.88 million, a PE ratio of -0.
48 and a beta of 2.08. The business’s 50 day simple moving average is $4.
15 and its 200 day simple moving average is $4.90. The company has a debt-to-equity ratio of 2.
23, a current ratio of 1.12 and a quick ratio of 0.27.
RumbleOn, Inc. has a one year low of $3.13 and a one year high of $8.
84. RumbleOn ( NASDAQ:RMBL – Get Free Report ) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.
02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04).
RumbleOn had a negative net margin of 15.15% and a negative return on equity of 98.94%.
The firm had revenue of $336.80 million for the quarter, compared to the consensus estimate of $386.05 million.
During the same period last year, the company posted $0.02 EPS. As a group, research analysts forecast that RumbleOn, Inc.
will post -0.55 earnings per share for the current year. RumbleOn Profile ( Free Report ) RumbleOn, Inc primarily operates as a powersports retailer in the United States.
It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products. Recommended Stories Want to see what other hedge funds are holding RMBL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for RumbleOn, Inc. ( NASDAQ:RMBL – Free Report ). Receive News & Ratings for RumbleOn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RumbleOn and related companies with MarketBeat.
com's FREE daily email newsletter ..
