Alicia M. Tranen Buys 17,500 Shares of Ranpak Holdings Corp. (NYSE:PACK) Stock

Ranpak Holdings Corp. (NYSE:PACK) Director Alicia M. Tranen acquired 17,500 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was acquired at an average price of $5.72 per share, for a total transaction of $100,100.00. Following the acquisition, the director now owns 57,500 shares in the company, valued at approximately $328,900. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ranpak Trading Up 7.1 %

NYSE:PACK opened at $6.33 on Friday. The stock’s 50 day moving average price is $5.23 and its 200 day moving average price is $4.87. The company has a market capitalization of $522.16 million, a PE ratio of -16.66 and a beta of 1.75. The company has a quick ratio of 2.38, a current ratio of 2.84 and a debt-to-equity ratio of 0.67. Ranpak Holdings Corp. has a 52-week low of $2.66 and a 52-week high of $8.24.

Ranpak (NYSE:PACK) last released its quarterly earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06. Ranpak had a negative return on equity of 5.05% and a negative net margin of 9.52%. The firm had revenue of $81.90 million for the quarter, compared to the consensus estimate of $83.50 million. During the same quarter last year, the business posted ($0.14) EPS. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year.

Institutional Trading of Ranpak

A number of hedge funds have recently added to or reduced their stakes in the stock. ArrowMark Colorado Holdings LLC lifted its position in Ranpak by 48.9% during the 2nd quarter. ArrowMark Colorado Holdings LLC now owns 4,079,500 shares of the company’s stock worth $18,439,000 after acquiring an additional 1,338,852 shares during the period. BlackRock Inc. lifted its position in Ranpak by 35.1% during the 1st quarter. BlackRock Inc. now owns 3,700,697 shares of the company’s stock worth $75,605,000 after acquiring an additional 962,336 shares during the period. Invesco Ltd. lifted its position in Ranpak by 21.8% during the 1st quarter. Invesco Ltd. now owns 3,443,229 shares of the company’s stock worth $70,345,000 after acquiring an additional 617,377 shares during the period. Vanguard Group Inc. lifted its position in Ranpak by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 3,243,355 shares of the company’s stock worth $66,262,000 after acquiring an additional 194,082 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Ranpak by 21.0% in the 1st quarter. Ameriprise Financial Inc. now owns 3,093,731 shares of the company’s stock valued at $16,149,000 after buying an additional 537,096 shares during the period. 86.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on PACK. Robert W. Baird raised their price target on Ranpak from $6.00 to $8.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Craig Hallum raised their price target on Ranpak from $6.00 to $9.00 in a research note on Thursday, August 3rd.

Ranpak Company Profile

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods.