Ranpak Holdings Corp. (NYSE:PACK) Director Alicia M. Tranen Purchases 10,000 Shares

Ranpak Holdings Corp. (NYSE:PACKGet Rating) Director Alicia M. Tranen purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was acquired at an average cost of $6.13 per share, for a total transaction of $61,300.00. Following the completion of the purchase, the director now owns 30,000 shares of the company’s stock, valued at approximately $183,900. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Ranpak Price Performance

Ranpak stock opened at $5.27 on Monday. Ranpak Holdings Corp. has a 12-month low of $2.90 and a 12-month high of $42.81. The stock has a market cap of $432.18 million, a P/E ratio of -11.71 and a beta of 1.47. The company has a 50-day moving average price of $4.22 and a 200 day moving average price of $6.66. The company has a current ratio of 3.54, a quick ratio of 2.85 and a debt-to-equity ratio of 0.62.

Institutional Investors Weigh In On Ranpak

Several hedge funds and other institutional investors have recently bought and sold shares of PACK. Comerica Bank acquired a new stake in Ranpak during the first quarter worth about $3,098,000. Parallel Advisors LLC increased its position in shares of Ranpak by 26,142.9% during the first quarter. Parallel Advisors LLC now owns 1,837 shares of the company’s stock valued at $38,000 after acquiring an additional 1,830 shares during the last quarter. abrdn plc increased its position in shares of Ranpak by 96.3% during the first quarter. abrdn plc now owns 1,701,304 shares of the company’s stock valued at $35,166,000 after acquiring an additional 834,482 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Ranpak by 15.9% during the first quarter. Envestnet Asset Management Inc. now owns 100,729 shares of the company’s stock valued at $2,058,000 after acquiring an additional 13,830 shares during the last quarter. Finally, Silvant Capital Management LLC acquired a new stake in shares of Ranpak during the first quarter valued at about $46,000. 96.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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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