Insider Selling: Re/Max Holdings Inc (RMAX) Director Sells 1,576 Shares of Stock

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Re/Max Holdings Inc (NYSE:RMAX) Director Daniel J. Predovich sold 1,576 shares of the company’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $54.28, for a total value of $85,545.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of RMAX traded up $0.55 during mid-day trading on Thursday, hitting $54.65. The company’s stock had a trading volume of 103,005 shares, compared to its average volume of 126,943. Re/Max Holdings Inc has a one year low of $43.85 and a one year high of $67.50. The company has a current ratio of 4.27, a quick ratio of 4.27 and a debt-to-equity ratio of 4.47. The stock has a market capitalization of $965.38 million, a price-to-earnings ratio of 29.12, a P/E/G ratio of 3.47 and a beta of 0.51.

Re/Max (NYSE:RMAX) last posted its quarterly earnings data on Thursday, May 3rd. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.10. The company had revenue of $52.60 million during the quarter, compared to analysts’ expectations of $50.52 million. Re/Max had a return on equity of 80.11% and a net margin of 6.43%. Re/Max’s quarterly revenue was up 11.0% compared to the same quarter last year. equities analysts predict that Re/Max Holdings Inc will post 2.24 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 30th. Investors of record on Wednesday, May 16th were paid a $0.20 dividend. The ex-dividend date was Tuesday, May 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.46%. Re/Max’s payout ratio is 42.78%.

Several research firms have recently weighed in on RMAX. Wedbush set a $60.00 price objective on Re/Max and gave the company a “hold” rating in a research report on Friday, February 23rd. Craig Hallum set a $65.00 price objective on Re/Max and gave the company a “buy” rating in a research report on Friday, February 23rd. Stephens reissued a “hold” rating and issued a $60.00 price objective on shares of Re/Max in a research report on Friday, February 23rd. TheStreet cut Re/Max from a “b” rating to a “c-” rating in a research report on Friday, February 23rd. Finally, Zacks Investment Research cut Re/Max from a “hold” rating to a “sell” rating in a research report on Thursday, March 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $61.43.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can raised its stake in shares of Re/Max by 5.0% in the first quarter. Great West Life Assurance Co. Can now owns 24,423 shares of the financial services provider’s stock valued at $1,475,000 after purchasing an additional 1,164 shares in the last quarter. Citigroup Inc. raised its stake in shares of Re/Max by 20.5% in the first quarter. Citigroup Inc. now owns 6,910 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 1,175 shares in the last quarter. QS Investors LLC raised its stake in shares of Re/Max by 8.8% in the fourth quarter. QS Investors LLC now owns 20,486 shares of the financial services provider’s stock valued at $994,000 after purchasing an additional 1,663 shares in the last quarter. BB&T Securities LLC raised its stake in shares of Re/Max by 11.3% in the first quarter. BB&T Securities LLC now owns 17,128 shares of the financial services provider’s stock valued at $1,035,000 after purchasing an additional 1,734 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Re/Max in the first quarter valued at $110,000. Institutional investors and hedge funds own 99.21% of the company’s stock.

About Re/Max

RE/MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. The company was founded in 1973 and is headquartered in Denver, Colorado.

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