In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Bankrate Inc. (NYSE:RATE) that Ben Holding S.a.r.l. has picked up 37,703,694 of common stock as of 2017-07-12.
The acquisition brings the aggregate amount owned by Ben Holding S.a.r.l. to a total of 37,703,694 representing a 42.1% stake in the company.
For those not familiar with the company, 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. The Company provides a range of digital display advertising formats. The Company is also engaged in the sale of print advertisements and the distribution (or syndication) of its editorial content. The Company offers branded content that educates consumers and financial professionals on a range of personal finance topics. The Company provides a platform for consumers searching for competitive rates on mortgages, deposits and money market accounts.
A glance at Bankrate Inc. (NYSE:RATE)’s key stats reveals a current market capitalization of $1.25 Billion based on $89.51 Million shares outstanding and a price at last close of $13.39 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-03-11, Pinola picked up 5,700 at a purchase price of $8.76. This brings their total holding to 9,034 as of the date of the filing.
On the sell side, the most recent transaction saw Speltz unload 733 shares at a sale price of $12.95. This brings their total holding to 279,000.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Bankrate Inc. (NYSE:RATE) as things move forward to see if its progress aligns with these transactions.
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