Alicia M. Tranen Acquires 50,000 Shares of Ranpak Holdings Corp. (NYSE:PACK) Stock

Ranpak Holdings Corp. (NYSE:PACKGet Rating) Director Alicia M. Tranen acquired 50,000 shares of Ranpak stock in a transaction that occurred on Monday, August 1st. The shares were bought at an average price of $5.00 per share, for a total transaction of $250,000.00. Following the transaction, the director now owns 108,205 shares of the company’s stock, valued at approximately $541,025. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Ranpak Stock Performance

NYSE PACK opened at $5.30 on Thursday. The stock has a market capitalization of $434.24 million, a price-to-earnings ratio of -14.72 and a beta of 1.36. The company has a current ratio of 3.20, a quick ratio of 2.40 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $7.90 and its two-hundred day moving average is $16.19. Ranpak Holdings Corp. has a 12-month low of $4.72 and a 12-month high of $42.97.

Ranpak (NYSE:PACKGet Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.11). The firm had revenue of $86.80 million during the quarter, compared to analyst estimates of $93.32 million. Ranpak had a negative return on equity of 4.65% and a negative net margin of 7.80%. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Robert W. Baird dropped their price objective on Ranpak from $38.00 to $20.00 in a research note on Monday, May 9th. Craig Hallum reduced their target price on Ranpak from $35.00 to $19.00 in a report on Monday, May 9th. Finally, The Goldman Sachs Group reduced their price objective on Ranpak from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, April 6th.

Institutional Investors Weigh In On Ranpak

A number of institutional investors and hedge funds have recently modified their holdings of PACK. Van ECK Associates Corp acquired a new stake in shares of Ranpak in the 4th quarter worth approximately $28,000. Rockefeller Capital Management L.P. acquired a new stake in Ranpak during the 4th quarter valued at $38,000. Parallel Advisors LLC grew its holdings in Ranpak by 26,142.9% during the 1st quarter. Parallel Advisors LLC now owns 1,837 shares of the company’s stock valued at $38,000 after buying an additional 1,830 shares during the last quarter. Hanson & Doremus Investment Management acquired a new stake in Ranpak during the 2nd quarter valued at $44,000. Finally, Silvant Capital Management LLC acquired a new stake in Ranpak during the 1st quarter valued at $46,000. Institutional investors and hedge funds own 98.91% of the company’s stock.

About Ranpak

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Ranpak Holdings Corp., together with its subsidiaries, provide product protection 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.

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