Public Employees Retirement System of Ohio Takes $392,000 Position in Bankrate Inc (RATE)
Public Employees Retirement System of Ohio acquired a new position in shares of Bankrate Inc (NYSE:RATE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,122 shares of the bank’s stock, valued at approximately $392,000.
Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Bankrate by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,931,727 shares of the bank’s stock worth $50,522,000 after purchasing an additional 330,048 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Bankrate by 129.1% during the third quarter. JPMorgan Chase & Co. now owns 1,293,630 shares of the bank’s stock worth $18,045,000 after purchasing an additional 729,037 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Bankrate by 905.3% during the second quarter. Thrivent Financial For Lutherans now owns 1,014,059 shares of the bank’s stock worth $13,031,000 after purchasing an additional 913,189 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of Bankrate during the third quarter worth $12,658,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Bankrate during the third quarter worth $9,665,000. 47.31% of the stock is currently owned by institutional investors and hedge funds.
Bankrate Inc (NYSE RATE) opened at $14.00 on Monday. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.44. Bankrate Inc has a 12 month low of $8.55 and a 12 month high of $14.25. The stock has a market cap of $1,260.00, a price-to-earnings ratio of -56.00 and a beta of 1.64.
Separately, BidaskClub downgraded shares of Bankrate from a “sell” rating to a “strong sell” rating in a research note on Friday, October 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $14.00.
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Bankrate Company Profile
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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