RE/MAX Holdings, Inc. (RMAX) Position Raised by Granite Investment Partners LLC

Granite Investment Partners LLC boosted its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 6.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,265 shares of the financial services provider’s stock after purchasing an additional 10,470 shares during the period. Granite Investment Partners LLC owned approximately 1.00% of RE/MAX Holdings worth $11,265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in RE/MAX Holdings by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 879,079 shares of the financial services provider’s stock valued at $49,272,000 after acquiring an additional 23,117 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in RE/MAX Holdings by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 628,144 shares of the financial services provider’s stock valued at $35,209,000 after acquiring an additional 21,442 shares during the last quarter. American Century Companies Inc. bought a new position in RE/MAX Holdings during the 2nd quarter valued at $4,529,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in RE/MAX Holdings by 2.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,549,517 shares of the financial services provider’s stock valued at $86,851,000 after acquiring an additional 37,840 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in RE/MAX Holdings by 27,449.3% during the 1st quarter. BlackRock Inc. now owns 2,300,092 shares of the financial services provider’s stock valued at $136,741,000 after acquiring an additional 2,291,743 shares during the last quarter.

RE/MAX Holdings, Inc. (NYSE RMAX) traded up $2.05 during trading on Tuesday, hitting $53.30. 224,600 shares of the stock were exchanged, compared to its average volume of 83,733. The company has a debt-to-equity ratio of 3.29, a quick ratio of 10.83 and a current ratio of 10.83. RE/MAX Holdings, Inc. has a one year low of $47.38 and a one year high of $67.50. The company has a market cap of $906.92, a P/E ratio of 28.00, a P/E/G ratio of 3.83 and a beta of 0.93.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be given a $0.18 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.35%. RE/MAX Holdings’s payout ratio is currently 54.96%.

A number of research analysts have commented on RMAX shares. BidaskClub downgraded shares of RE/MAX Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of RE/MAX Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. Stephens downgraded shares of RE/MAX Holdings from an “overweight” rating to an “equal weight” rating and set a $66.00 price target on the stock. in a research report on Monday, August 7th. Craig Hallum started coverage on shares of RE/MAX Holdings in a research report on Wednesday, August 30th. They issued a “buy” rating and a $75.00 price target on the stock. Finally, Piper Jaffray Companies started coverage on shares of RE/MAX Holdings in a research report on Thursday, September 28th. They issued an “overweight” rating and a $69.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. RE/MAX Holdings presently has an average rating of “Hold” and a consensus price target of $64.67.

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RE/MAX Holdings Company Profile

RE/MAX Holdings, Inc is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.

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Institutional Ownership by Quarter for RE/MAX Holdings (NYSE:RMAX)

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