Oaktop Capital Management Ii buys $9,693,884 stake in Bankrate Inc (RATE)

Bankrate Inc (RATE) : Oaktop Capital Management Ii scooped up 40,000 additional shares in Bankrate Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 1,128,508 shares of Bankrate Inc which is valued at $9,693,884.Bankrate Inc makes up approximately 2.10% of Oaktop Capital Management Ii’s portfolio.

Other Hedge Funds, Including , Princeton Alpha Management Lp boosted its stake in RATE in the latest quarter, The investment management firm added 11,268 additional shares and now holds a total of 43,838 shares of Bankrate Inc which is valued at $344,128. Bankrate Inc makes up approx 0.06% of Princeton Alpha Management Lp’s portfolio. First Trust Advisors Lp added RATE to its portfolio by purchasing 36,557 company shares during the most recent quarter which is valued at $286,972.

Bankrate Inc closed down -0.15 points or -1.88% at $7.85 with 4,44,957 shares getting traded on Wednesday. Post opening the session at $7.97, the shares hit an intraday low of $7.73 and an intraday high of $7.97 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Bankrate Inc reported $0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.10. The company had revenue of $98.30 million for the quarter, compared to analysts expectations of $95.81 million. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on Bankrate Inc. Loop Capital Initiated Bankrate Inc on Aug 11, 2016 to “Hold”, Price Target of the shares are set at $9.Compass Point Initiated Bankrate Inc on Jun 2, 2016 to “Neutral”, Price Target of the shares are set at $9.

Bankrate Inc. (Bankrate) 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 insurance credit cards senior care and other personal finance categories. It operates through segments including Banking Credit Cards Insurance and Other. Through its Bankrate.com brand it provides consumer inquiries to advertisers that are listed in its mortgage and deposit rate tables and that hyperlink their listings. It provides consumer inquiries to credit card issuers and principally record sales after the credit card issuers approve the consumer’s credit application primarily through its Credi

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