Parametric Portfolio Associates LLC Has $1.11 Million Holdings in Bankrate, Inc. (RATE)
Parametric Portfolio Associates LLC boosted its position in Bankrate, Inc. (NYSE:RATE) by 16.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,495 shares of the bank’s stock after purchasing an additional 12,472 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.10% of Bankrate worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in RATE. Oaktop Capital Management II L.P. bought a new stake in Bankrate in the second quarter worth about $14,501,000. Thrivent Financial For Lutherans lifted its stake in Bankrate by 905.3% in 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 during the last quarter. Dimensional Fund Advisors LP lifted its stake in Bankrate by 14.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,601,679 shares of the bank’s stock worth $34,757,000 after purchasing an additional 447,530 shares during the last quarter. ING Groep NV bought a new stake in Bankrate in the second quarter worth about $4,112,000. Finally, Unterberg Capital LLC bought a new stake in Bankrate in the second quarter worth about $3,213,000. 47.31% of the stock is owned by institutional investors and hedge funds.
Shares of Bankrate, Inc. (NYSE:RATE) opened at $14.00 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.39 and a current ratio of 2.39. Bankrate, Inc. has a 12 month low of $8.55 and a 12 month high of $14.25. The firm has a market cap of $1,260.00, a P/E ratio of 28.00 and a beta of 1.64.
Separately, BidaskClub downgraded shares of Bankrate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.00.
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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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