2 weeks Ago By Defense World Staff
Rhumbline Advisers boosted its position in RumbleOn, Inc. ( NASDAQ:RMBL – Free Report ) by 3,910.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The fund owned 19,772 shares of the company’s stock after acquiring an additional 19,279 shares during the period. Rhumbline Advisers owned 0.06% of RumbleOn worth $81,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its position in shares of RumbleOn by 8.1% during the 1st quarter.
Empowered Funds LLC now owns 58,300 shares of the company’s stock worth $377,000 after buying an additional 4,375 shares during the period. Bank of New York Mellon Corp bought a new position in RumbleOn during the 2nd quarter worth approximately $182,000. Virtu Financial LLC bought a new position in RumbleOn during the 1st quarter worth approximately $90,000.
Finally, Cannon Global Investment Management LLC acquired a new position in RumbleOn during the first quarter valued at approximately $65,000. 66.14% of the stock is currently owned by institutional investors and hedge funds.
RumbleOn Price Performance Shares of NASDAQ RMBL opened at $4.79 on Tuesday. The company has a current ratio of 1.
12, a quick ratio of 0.27 and a debt-to-equity ratio of 2.23.
The firm has a market cap of $168.88 million, a PE ratio of -0.48 and a beta of 2.
08. RumbleOn, Inc. has a 1-year low of $3.
13 and a 1-year high of $8.84. The company has a fifty day moving average price of $4.
15 and a 200 day moving average price of $4.90. Analyst Ratings Changes Separately, Wedbush reduced their price target on shares of RumbleOn from $7.
00 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Check Out Our Latest Report on RumbleOn 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 Five stocks we like better than RumbleOn Short Selling: How to Short a Stock TJX Stock: A Buying Opportunity Before the Holiday Rush Business Services Stocks Investing Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge How to Use High Beta Stocks to Maximize Your Investing Profits Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth 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.
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