RPD Fund Management Building a Bigger Position in RMAX

According to a recent Form 13F filing submitted to the SEC, Rpd Fund Management Llc disclosed a noteworthy and bullish position in RMAX stock. Here’s what you need to know about RE/MAX Holdings, Inc., as well as Rpd Fund Management’s position in shares of RMAX stock:

About RE/MAX Holdings, Inc. (NYSE: RMAX)

RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company operates through three segments: Real Estate, Mortgage, and Marketing Funds. It offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand; and mortgage loan processing software and services under the wemlo brand. In addition, the company provides First mobile app, which integrates a suite of digital products that enables agents, brokers, and teams to establish and manage client relationships; RE/MAX University platform, a learning hub designed to help each agent in their professional expertise; and Booj platform. The company was founded in 1973 and is headquartered in Denver, Colorado. Learn more about RE/MAX Holdings, Inc. on their website here

RPD Fund Management Position in RMAX

According to the most recent 13F filed by RPD Fund Management LLC, the firm added 236,870 shares of RMAX stock to it holdings in the recent quarter. That brings their total long position in RE/MAX Holdings, Inc. to 1,082,533 shares, representing approximately 3.5141% of the entire 30,805,000 RMAX shares outstanding. Based on the most recent closing price of $18.87 per share of RMAX, the entire RPD Fund Management position in RE/MAX Holdings, Inc. stock is worth roughly $20,427,397.71.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like RPD Fund Management. Also be sure to check out more recent 13F filing analysis news here.