Ranpak Holdings Corp. (NYSE:PACK) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP grew its position in Ranpak Holdings Corp. (NYSE:PACK) by 1.8% during the third quarter, Holdings Channel reports. The firm owned 289,721 shares of the company’s stock after acquiring an additional 5,254 shares during the period. GSA Capital Partners LLP’s holdings in Ranpak were worth $1,892,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Ranpak by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,333,187 shares of the company’s stock valued at $18,362,000 after purchasing an additional 25,073 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Ranpak by 34.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,129,802 shares of the company’s stock valued at $13,694,000 after purchasing an additional 542,464 shares during the period. Meros Investment Management LP increased its holdings in shares of Ranpak by 32.6% in the second quarter. Meros Investment Management LP now owns 943,729 shares of the company’s stock valued at $6,068,000 after purchasing an additional 231,779 shares during the period. Driehaus Capital Management LLC increased its holdings in shares of Ranpak by 2.8% in the second quarter. Driehaus Capital Management LLC now owns 804,454 shares of the company’s stock valued at $5,173,000 after purchasing an additional 21,574 shares during the period. Finally, Roubaix Capital LLC increased its holdings in shares of Ranpak by 188.8% in the first quarter. Roubaix Capital LLC now owns 714,592 shares of the company’s stock valued at $5,624,000 after purchasing an additional 467,179 shares during the period. 85.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PACK. Robert W. Baird cut their price objective on Ranpak from $10.00 to $7.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Baird R W lowered Ranpak from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 14th.

Ranpak Stock Down 5.0 %

Ranpak stock opened at $6.92 on Wednesday. Ranpak Holdings Corp. has a 52 week low of $2.84 and a 52 week high of $9.04. The business’s 50-day moving average price is $6.28 and its 200 day moving average price is $6.59. The company has a quick ratio of 2.01, a current ratio of 2.36 and a debt-to-equity ratio of 0.71.

Ranpak (NYSE:PACK) last posted its earnings results on Thursday, October 31st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The company had revenue of $92.20 million for the quarter, compared to analyst estimates of $90.76 million. Ranpak had a negative return on equity of 3.54% and a negative net margin of 5.64%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the business earned ($0.03) earnings per share.

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.