North Run Capital Lp Lowers stake in RealPage (RP)

RealPage (RP) : North Run Capital Lp reduced its stake in RealPage by 4.74% during the most recent quarter end. The investment management company now holds a total of 1,867,800 shares of RealPage which is valued at $40.6 Million after selling 92,850 shares in RealPage , the firm said in a disclosure report filed with the SEC on May 13, 2016.RealPage makes up approximately 5.52% of North Run Capital Lp’s portfolio.

Other Hedge Funds, Including , Davidson Investment Advisors reduced its stake in RP by selling 85,430 shares or 70.77% in the most recent quarter. The Hedge Fund company now holds 35,277 shares of RP which is valued at $766,922. RealPage makes up approx 0.13% of Davidson Investment Advisors’s portfolio.Thrivent Financial For Lutherans boosted its stake in RP in the latest quarter, The investment management firm added 34,390 additional shares and now holds a total of 121,440 shares of RealPage which is valued at $2.6 Million. RealPage makes up approx 0.01% of Thrivent Financial For Lutherans’s portfolio. Great Lakes Advisors sold out all of its stake in RP during the most recent quarter. The investment firm sold 41,342 shares of RP which is valued $898,775.Blackrock Advisors boosted its stake in RP in the latest quarter, The investment management firm added 1,803 additional shares and now holds a total of 24,404 shares of RealPage which is valued at $530,543.

RealPage closed down -0.18 points or -0.83% at $21.5 with 2,12,913 shares getting traded on Wednesday. Post opening the session at $21.76, the shares hit an intraday low of $21.46 and an intraday high of $21.85 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, RealPage reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.16. The company had revenue of $128.00 million for the quarter, compared to analysts expectations of $126.20 million. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

RealPage Inc. is a provider of on demand software and software-enabled solutions for the rental housing industry. The Company’s property management solutions enables owners and managers of single family and multifamily rental property types to manage their marketing pricing screening leasing accounting purchasing and other property operations. Its on demand software solutions are delivered through an integrated software platform that provides a single point of access and a shared repository of prospect renter and property data. By integrating and streamlining different processes and interactions among the rental housing and vacation rental ecosystem of owners managers prospects renters and service providers the Company’s platform facilitates the property management process. The Company also provides solutions that consist of advisory services consulting and training.

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