RE/MAX Holdings, Inc. $RMAX Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. grew its stake in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 80.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 492,139 shares of the financial services provider’s stock after acquiring an additional 219,859 shares during the period. Hillsdale Investment Management Inc.’s holdings in RE/MAX were worth $4,026,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. CWM LLC increased its holdings in RE/MAX by 312.5% in the second quarter. CWM LLC now owns 3,543 shares of the financial services provider’s stock valued at $29,000 after buying an additional 2,684 shares during the last quarter. Strs Ohio acquired a new stake in shares of RE/MAX during the first quarter worth $30,000. State of Wyoming lifted its position in shares of RE/MAX by 41.3% in the 1st quarter. State of Wyoming now owns 11,990 shares of the financial services provider’s stock worth $100,000 after buying an additional 3,506 shares during the last quarter. Brandywine Global Investment Management LLC grew its position in shares of RE/MAX by 12.5% during the 1st quarter. Brandywine Global Investment Management LLC now owns 14,370 shares of the financial services provider’s stock valued at $120,000 after buying an additional 1,600 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in RE/MAX during the first quarter worth about $129,000. Institutional investors own 93.17% of the company’s stock.

Insider Buying and Selling at RE/MAX

In other news, Director Roger J. Dow sold 9,100 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $9.37, for a total value of $85,267.00. Following the completion of the sale, the director directly owned 55,961 shares of the company’s stock, valued at $524,354.57. This represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RMAX. Wall Street Zen raised RE/MAX from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Weiss Ratings restated a “sell (d)” rating on shares of RE/MAX in a research report on Friday, October 31st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, RE/MAX currently has a consensus rating of “Reduce” and an average price target of $9.00.

RE/MAX Price Performance

RE/MAX stock opened at $7.84 on Friday. RE/MAX Holdings, Inc. has a 12-month low of $6.90 and a 12-month high of $14.31. The stock has a market capitalization of $157.32 million, a PE ratio of 16.69 and a beta of 1.17. The firm has a 50 day simple moving average of $8.55 and a 200-day simple moving average of $8.38.

RE/MAX (NYSE:RMAX) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $73.25 million during the quarter, compared to analyst estimates of $73.68 million. RE/MAX had a negative return on equity of 51.38% and a net margin of 3.19%. RE/MAX has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts forecast that RE/MAX Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

RE/MAX Company Profile

RE/MAX Holdings, Inc operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. It operates through Real Estate, Mortgage, and Marketing Funds segments. The company offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand; and mortgage loan processing software and services under the wemlo brand.