GAMMA Investing LLC Has $31,000 Stock Position in Ranpak Holdings Corp (NYSE:PACK)

GAMMA Investing LLC lifted its holdings in shares of Ranpak Holdings Corp (NYSE:PACK) by 1,601.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,631 shares of the company’s stock after purchasing an additional 5,300 shares during the quarter. GAMMA Investing LLC’s holdings in Ranpak were worth $31,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PACK. G2 Investment Partners Management LLC increased its stake in shares of Ranpak by 28.7% during the 4th quarter. G2 Investment Partners Management LLC now owns 3,070,511 shares of the company’s stock worth $21,125,000 after purchasing an additional 683,851 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ranpak by 8.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,569,282 shares of the company’s stock worth $17,677,000 after purchasing an additional 198,973 shares during the last quarter. Divisadero Street Capital Management LP acquired a new position in shares of Ranpak during the 4th quarter worth $831,000. Manatuck Hill Partners LLC acquired a new position in shares of Ranpak during the 4th quarter worth $791,000. Finally, Boothbay Fund Management LLC increased its stake in shares of Ranpak by 25.4% during the 4th quarter. Boothbay Fund Management LLC now owns 537,124 shares of the company’s stock worth $3,695,000 after purchasing an additional 108,789 shares during the last quarter. Institutional investors and hedge funds own 85.94% of the company’s stock.

Ranpak Stock Performance

NYSE:PACK opened at $3.55 on Friday. Ranpak Holdings Corp has a 1 year low of $2.91 and a 1 year high of $9.04. The firm’s fifty day simple moving average is $3.61 and its 200 day simple moving average is $5.39. The company has a current ratio of 1.78, a quick ratio of 1.38 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $299.02 million, a PE ratio of -13.65 and a beta of 2.70.

Ranpak (NYSE:PACK) last posted its earnings results on Tuesday, May 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.09). Ranpak had a negative net margin of 5.74% and a negative return on equity of 3.87%. The firm had revenue of $91.20 million during the quarter, compared to analyst estimates of $90.56 million. During the same quarter in the previous year, the business posted ($0.10) earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Ranpak Holdings Corp will post -0.2 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Cantor Fitzgerald lowered their target price on shares of Ranpak from $11.50 to $6.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 7th. Robert W. Baird lowered their target price on shares of Ranpak from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th.

Ranpak 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.