Gabelli Funds LLC Takes Position in Bankrate, Inc. (RATE)

Gabelli Funds LLC bought a new stake in Bankrate, Inc. (NYSE:RATE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 537,036 shares of the bank’s stock, valued at approximately $7,492,000. Gabelli Funds LLC owned 0.60% of Bankrate as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in RATE. Oaktop Capital Management II L.P. purchased a new stake in Bankrate during the second quarter worth approximately $14,501,000. Thrivent Financial For Lutherans grew its stake in 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 buying an additional 913,189 shares during the period. Gamco Investors INC. ET AL purchased a new stake in Bankrate during the third quarter worth approximately $12,658,000. Dimensional Fund Advisors LP grew its stake in 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 buying an additional 447,530 shares during the period. Finally, ING Groep NV purchased a new stake in Bankrate during the second quarter worth approximately $4,112,000. Hedge funds and other institutional investors own 47.31% of the company’s stock.

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Separately, BidaskClub downgraded shares of Bankrate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 30th. Two 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’s stock. The stock currently has an average rating of “Hold” and an average price target of $14.00.

Shares of Bankrate, Inc. (NYSE RATE) opened at $14.00 on Friday. The stock has a market cap of $1,260.00, a price-to-earnings ratio of 28.00 and a beta of 1.64. 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 twelve month low of $8.55 and a twelve month high of $14.25.

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.

Institutional Ownership by Quarter for Bankrate (NYSE:RATE)

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