SG Americas Securities LLC Takes Position in Bankrate, Inc. (RATE)
SG Americas Securities LLC purchased a new stake in Bankrate, Inc. (NYSE:RATE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 483,292 shares of the bank’s stock, valued at approximately $6,742,000. SG Americas Securities LLC owned about 0.54% of Bankrate as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in RATE. American Century Companies Inc. grew its position in shares of Bankrate by 3.4% during the second quarter. American Century Companies Inc. now owns 351,472 shares of the bank’s stock worth $4,516,000 after acquiring an additional 11,447 shares during the last quarter. Oaktop Capital Management II L.P. purchased a new position in shares of Bankrate during the second quarter worth approximately $14,501,000. Dimensional Fund Advisors LP grew its position in shares of Bankrate by 14.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,601,679 shares of the bank’s stock worth $34,757,000 after acquiring an additional 447,530 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Bankrate by 5.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 194,678 shares of the bank’s stock worth $1,879,000 after acquiring an additional 10,773 shares during the last quarter. Finally, American International Group Inc. grew its position in shares of Bankrate by 7.1% during the first quarter. American International Group Inc. now owns 29,199 shares of the bank’s stock worth $282,000 after acquiring an additional 1,928 shares during the last quarter. Institutional investors own 47.31% of the company’s stock.
Bankrate, Inc. (NYSE:RATE) remained flat at $$14.00 during trading hours on Friday. Bankrate, Inc. has a 1-year low of $8.55 and a 1-year high of $14.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.39 and a current ratio of 2.39. The firm has a market capitalization of $1,260.00, a P/E ratio of 28.00 and a beta of 1.64.
Separately, BidaskClub lowered shares of Bankrate from a “sell” rating to a “strong sell” rating in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $14.00.
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.
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