Ranpak (NYSE:PACK) Trading Down 5.9%

Ranpak Holdings Corp. (NYSE:PACK) shares fell 5.9% during trading on Monday . The company traded as low as $6.03 and last traded at $6.05. 210,923 shares traded hands during trading, a decline of 63% from the average session volume of 574,755 shares. The stock had previously closed at $6.43.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PACK shares. Robert W. Baird lifted their price objective on shares of Ranpak from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Craig Hallum reiterated a “buy” rating and issued a $10.00 price objective on shares of Ranpak in a report on Thursday, June 20th.

Ranpak Price Performance

The company has a current ratio of 2.44, a quick ratio of 2.06 and a debt-to-equity ratio of 0.70. The company has a market cap of $515.37 million, a price-to-earnings ratio of -22.36 and a beta of 2.39. The business has a 50-day moving average price of $6.46 and a 200 day moving average price of $5.99.

Ranpak (NYSE:PACK) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The company had revenue of $85.30 million for the quarter, compared to analyst estimates of $85.50 million. Ranpak had a negative return on equity of 3.97% and a negative net margin of 6.70%. The business’s revenue was up 5.0% on a year-over-year basis.

Insiders Place Their Bets

In related news, Director Michael Anthony Jones sold 15,625 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $6.41, for a total value of $100,156.25. Following the completion of the sale, the director now owns 214,859 shares in the company, valued at approximately $1,377,246.19. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its position in Ranpak by 397.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,500 shares of the company’s stock worth $61,000 after acquiring an additional 8,390 shares during the period. SG Americas Securities LLC increased its holdings in shares of Ranpak by 38.2% during the fourth quarter. SG Americas Securities LLC now owns 27,079 shares of the company’s stock worth $158,000 after purchasing an additional 7,488 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Ranpak by 8.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,268 shares of the company’s stock valued at $231,000 after buying an additional 2,191 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Ranpak by 227.0% in the first quarter. BNP Paribas Financial Markets now owns 37,996 shares of the company’s stock valued at $299,000 after buying an additional 26,377 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Ranpak during the first quarter worth approximately $362,000. Institutional investors own 85.94% of the company’s stock.

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.