Wealth Enhancement Advisory Services LLC Has $95,000 Holdings in Ring Energy, Inc. (NYSEAMERICAN:REI)

Wealth Enhancement Advisory Services LLC lifted its holdings in Ring Energy, Inc. (NYSEAMERICAN:REI) by 639.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,559 shares of the company’s stock after purchasing an additional 71,388 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Ring Energy were worth $95,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in Ring Energy by 22.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 463,720 shares of the company’s stock worth $631,000 after acquiring an additional 84,973 shares during the last quarter. Victory Capital Management Inc. lifted its position in Ring Energy by 47.7% during the 4th quarter. Victory Capital Management Inc. now owns 175,922 shares of the company’s stock worth $239,000 after acquiring an additional 56,843 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Ring Energy by 103.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 32,499 shares of the company’s stock worth $44,000 after acquiring an additional 16,558 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Ring Energy by 196.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,893 shares of the company’s stock worth $564,000 after acquiring an additional 274,933 shares during the last quarter. Finally, Virtu Financial LLC lifted its position in Ring Energy by 403.8% during the 4th quarter. Virtu Financial LLC now owns 123,507 shares of the company’s stock worth $168,000 after acquiring an additional 98,993 shares during the last quarter. Institutional investors and hedge funds own 77.14% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Warburg Pincus (E&P) Xii Llc sold 2,486,027 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $0.92, for a total transaction of $2,287,144.84. Following the completion of the transaction, the insider owned 20,509,300 shares of the company’s stock, valued at approximately $18,868,556. This represents a 10.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 8,436,343 shares of company stock worth $7,183,625. 3.00% of the stock is owned by insiders.

Ring Energy Stock Down 0.0%

Ring Energy stock opened at $0.78 on Friday. The firm has a market cap of $161.89 million, a price-to-earnings ratio of 2.18 and a beta of 0.77. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.47 and a quick ratio of 0.44. Ring Energy, Inc. has a fifty-two week low of $0.72 and a fifty-two week high of $2.06. The firm has a fifty day moving average price of $0.81 and a two-hundred day moving average price of $1.13.

Ring Energy Announces Dividend

The company also recently announced a jun 25 dividend, which was paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th were given a dividend of $0.0965 per share.

Ring Energy Company Profile

Ring Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. The company has interests in 56,711 net developed acres and 2,668 net undeveloped acres in Andrews, Gaines, Crane, Ector, Winkler, and Ward counties, Texas; and 8,751 net developed acres and 12,405 net undeveloped acres in Yoakum County, Texas and Lea County, New Mexico.