Ranger Bermuda Topco (NASDAQ:KG) Posts Earnings Results

Ranger Bermuda Topco (NASDAQ:KG) released its quarterly earnings results on Friday. The company reported ($0.86) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $6.69 million for the quarter. Ranger Bermuda Topco had a net margin of 91.44% and a negative return on equity of 27.09%.

Ranger Bermuda Topco Stock Down 1.0%

Ranger Bermuda Topco stock opened at $8.82 on Friday. Ranger Bermuda Topco has a twelve month low of $8.07 and a twelve month high of $31.61. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $69.01 million, a P/E ratio of -1.79 and a beta of 0.70. The stock has a 50 day moving average of $10.20.

Wall Street Analysts Forecast Growth

KG has been the subject of several recent research reports. Weiss Ratings raised Ranger Bermuda Topco from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Wall Street Zen lowered shares of Ranger Bermuda Topco from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Ranger Bermuda Topco

An institutional investor recently bought a new stake in Ranger Bermuda Topco stock. Advisory Services Network LLC purchased a new position in Ranger Bermuda Topco Ltd (NASDAQ:KG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 50,793 shares of the company’s stock, valued at approximately $520,000. Advisory Services Network LLC owned about 0.66% of Ranger Bermuda Topco at the end of the most recent reporting period. 21.78% of the stock is currently owned by institutional investors.

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.