Engineers Gate Manager LP trimmed its holdings in shares of Bankrate, Inc. (NYSE:RATE) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,396 shares of the bank’s stock after selling 177 shares during the period. Engineers Gate Manager LP’s holdings in Bankrate were worth $481,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. boosted its position in Bankrate by 531.7% during the first quarter. American Century Companies Inc. now owns 340,025 shares of the bank’s stock worth $3,281,000 after acquiring an additional 286,197 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in Bankrate by 141.9% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 108,179 shares of the bank’s stock worth $1,043,000 after acquiring an additional 63,453 shares during the last quarter. Oaktop Capital Management II L.P. acquired a new stake in Bankrate during the second quarter worth approximately $14,501,000. Bogle Investment Management L P DE boosted its position in Bankrate by 30.6% during the first quarter. Bogle Investment Management L P DE now owns 145,917 shares of the bank’s stock worth $1,408,000 after acquiring an additional 34,177 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position 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 acquiring an additional 447,530 shares during the last quarter. 47.24% of the stock is owned by institutional investors and hedge funds.

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In other Bankrate news, CEO Christopher J. Speltz sold 12,300 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $11.95, for a total value of $146,985.00. Following the transaction, the chief executive officer now owns 279,733 shares in the company, valued at approximately $3,342,809.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Steven Barnhart sold 9,712 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $12.00, for a total transaction of $116,544.00. Following the completion of the transaction, the chief financial officer now owns 295,222 shares in the company, valued at approximately $3,542,664. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,745 shares of company stock worth $273,021. Company insiders own 6.30% of the company’s stock.

Bankrate, Inc. (NYSE:RATE) opened at 13.90 on Monday. The firm’s market cap is $1.24 billion. The firm has a 50 day moving average of $13.87 and a 200-day moving average of $11.83. Bankrate, Inc. has a one year low of $7.10 and a one year high of $14.25.

Bankrate (NYSE:RATE) last released its quarterly earnings results on Monday, August 7th. The bank reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). The firm had revenue of $115.90 million for the quarter, compared to analyst estimates of $117.60 million. Bankrate had a negative net margin of 4.61% and a positive return on equity of 6.50%. The firm’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 EPS. Equities research analysts forecast that Bankrate, Inc. will post $0.70 EPS for the current fiscal year.

A number of brokerages recently issued reports on RATE. BidaskClub lowered shares of Bankrate from a “buy” rating to a “hold” rating in a research report on Thursday. Needham & Company LLC lowered shares of Bankrate from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. ValuEngine lowered shares of Bankrate from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Sidoti lowered shares of Bankrate from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research report on Monday, July 3rd. Finally, Stephens lowered shares of Bankrate from an “overweight” rating to an “equal weight” rating and set a $14.00 target price on the stock. in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $12.71.

About Bankrate

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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Institutional Ownership by Quarter for Bankrate (NYSE:RATE)

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