Ranger Bermuda Topco Ltd (NASDAQ:KG) Short Interest Update

Ranger Bermuda Topco Ltd (NASDAQ:KG) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 67,591 shares, a decrease of 56.7% from the June 15th total of 155,925 shares. Based on an average daily volume of 38,519 shares, the short-interest ratio is currently 1.8 days. Approximately 1.2% of the shares of the company are short sold.

Ranger Bermuda Topco Trading Down 3.0%

KG stock traded down $0.30 during trading on Thursday, hitting $9.55. The company had a trading volume of 9,137 shares, compared to its average volume of 16,512. The firm has a 50 day moving average price of $11.02. The company has a market capitalization of $74.68 million, a price-to-earnings ratio of 0.85 and a beta of 0.71. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.16. Ranger Bermuda Topco has a fifty-two week low of $8.07 and a fifty-two week high of $31.61.

Ranger Bermuda Topco (NASDAQ:KG) last released its earnings results on Tuesday, March 31st. The company reported ($1.34) EPS for the quarter. The company had revenue of $10.19 million for the quarter. Ranger Bermuda Topco had a net margin of 91.44% and a negative return on equity of 27.09%.

Institutional Investors Weigh In On Ranger Bermuda Topco

A hedge fund recently bought a new stake in Ranger Bermuda Topco stock. Advisory Services Network LLC bought a new position in Ranger Bermuda Topco Ltd (NASDAQ:KG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 50,793 shares of the company’s stock, valued at approximately $520,000. Advisory Services Network LLC owned 0.66% of Ranger Bermuda Topco at the end of the most recent reporting period. Institutional investors and hedge funds own 21.78% of the company’s stock.

Analyst Ratings Changes

KG has been the topic of a number of recent analyst reports. Wall Street Zen cut Ranger Bermuda Topco from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings upgraded Ranger Bermuda Topco from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

About Ranger Bermuda Topco

Kestrel Group Ltd specializes in providing fronting services to insurance program managers, MGAs, reinsurers and reinsurance brokers. Kestrel Group Ltd, formerly known as Maiden Holdings Ltd., is based in DALLAS.