Pentwater Capital Management LP increased its holdings in shares of RumbleON, Inc. (NASDAQ:RMBL – Get Rating) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 178,165 shares of the company’s stock after purchasing an additional 3,165 shares during the quarter. Pentwater Capital Management LP’s holdings in RumbleON were worth $7,397,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of RMBL. Hood River Capital Management LLC bought a new stake in RumbleON during the 3rd quarter worth approximately $25,852,000. Samjo Capital LLC acquired a new position in RumbleON during the 4th quarter worth approximately $8,678,000. Cowen Prime Advisors LLC boosted its position in RumbleON by 146.1% during the 4th quarter. Cowen Prime Advisors LLC now owns 270,320 shares of the company’s stock worth $11,224,000 after acquiring an additional 160,470 shares during the last quarter. Manatuck Hill Partners LLC acquired a new position in RumbleON during the 3rd quarter worth approximately $6,237,000. Finally, Hodges Capital Management Inc. acquired a new position in RumbleON during the 4th quarter worth approximately $5,064,000. 45.75% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ RMBL traded up $0.69 during trading hours on Tuesday, hitting $19.10. The company had a trading volume of 154,544 shares, compared to its average volume of 194,476. The stock has a market capitalization of $305.24 million, a P/E ratio of -8.06 and a beta of 2.81. The company has a quick ratio of 0.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.81. RumbleON, Inc. has a 1-year low of $15.12 and a 1-year high of $48.45. The firm’s 50 day moving average is $26.58 and its 200-day moving average is $33.31.
In other news, Director Denmar John Dixon acquired 10,000 shares of the stock in a transaction on Thursday, May 12th. The shares were purchased at an average price of $16.68 per share, for a total transaction of $166,800.00. Following the transaction, the director now directly owns 41,692 shares of the company’s stock, valued at $695,422.56. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Marshall Chesrown acquired 6,279 shares of the stock in a transaction on Thursday, May 12th. The shares were purchased at an average price of $15.87 per share, for a total transaction of $99,647.73. Following the transaction, the chief executive officer now directly owns 256,858 shares in the company, valued at $4,076,336.46. The disclosure for this purchase can be found here. 38.47% of the stock is currently owned by corporate insiders.
A number of equities analysts have weighed in on the company. Robert W. Baird upped their price target on RumbleON to $30.00 in a research report on Wednesday, May 11th. Zacks Investment Research raised RumbleON from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 20th. DA Davidson reduced their price target on RumbleON from $41.00 to $31.00 in a research report on Wednesday, May 11th. B. Riley cut their price objective on RumbleON from $70.00 to $53.00 in a report on Wednesday, May 11th. Finally, Wedbush cut their price objective on RumbleON from $40.00 to $30.00 in a report on Wednesday, May 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, RumbleON presently has a consensus rating of “Buy” and a consensus target price of $36.00.
About RumbleON (Get Rating)
RumbleON, Inc operates an e-commerce platform that aggregates and distributes pre-owned vehicles to and from consumers and dealers in North America. It operates in three segments: Powersports, Automotive, and Vehicle Logistics and Transportation. The Powersports segment distributes motorcycles. The Automotive segment distributes cars and trucks.
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