Alicia M. Tranen Acquires 10,000 Shares of Ranpak Holdings Corp. (NYSE:PACK) Stock

Ranpak Holdings Corp. (NYSE:PACKGet Rating) Director Alicia M. Tranen bought 10,000 shares of Ranpak stock in a transaction that occurred on Thursday, November 17th. The stock was purchased at an average cost of $5.63 per share, for a total transaction of $56,300.00. Following the purchase, the director now owns 40,000 shares of the company’s stock, valued at $225,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ranpak Price Performance

Shares of NYSE PACK opened at $5.27 on Monday. Ranpak Holdings Corp. has a fifty-two week low of $2.90 and a fifty-two week high of $42.81. The company has a 50 day simple moving average of $4.22 and a two-hundred day simple moving average of $6.66. The company has a market capitalization of $432.18 million, a price-to-earnings ratio of -11.71 and a beta of 1.47. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.85 and a current ratio of 3.54.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut their price target on shares of Ranpak from $6.00 to $5.25 and set a “neutral” rating for the company in a research report on Tuesday, October 18th.

Institutional Investors Weigh In On Ranpak

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Ranpak by 35.1% during the first quarter. BlackRock Inc. now owns 3,700,697 shares of the company’s stock valued at $75,605,000 after acquiring an additional 962,336 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Ranpak by 21.8% during the 1st quarter. Invesco Ltd. now owns 3,443,229 shares of the company’s stock worth $70,345,000 after acquiring an additional 617,377 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Ranpak by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 3,243,355 shares of the company’s stock worth $66,262,000 after acquiring an additional 194,082 shares during the last quarter. Petrus Trust Company LTA boosted its stake in shares of Ranpak by 38.0% during the 3rd quarter. Petrus Trust Company LTA now owns 2,800,024 shares of the company’s stock worth $9,576,000 after acquiring an additional 770,617 shares during the last quarter. Finally, abrdn plc boosted its stake in shares of Ranpak by 58.8% during the 2nd quarter. abrdn plc now owns 2,702,217 shares of the company’s stock worth $20,132,000 after acquiring an additional 1,000,913 shares during the last quarter. Institutional investors own 96.25% of the company’s stock.

Ranpak Company Profile

(Get Rating)

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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Insider Buying and Selling by Quarter for Ranpak (NYSE:PACK)

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