Ranpak (NYSE:PACK) Stock: Insider Alicia Tranen Sells 5,903 Shares

Ranpak Holdings Corp (NYSE:PACK) Director Alicia Tranen sold 5,903 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $3.17, for a total transaction of $18,712.51. Following the completion of the transaction, the director directly owned 74,021 shares of the company’s stock, valued at approximately $234,646.57. The trade was a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ranpak Stock Performance

Shares of PACK opened at $3.63 on Friday. The company has a 50-day simple moving average of $3.88 and a two-hundred day simple moving average of $5.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.79 and a quick ratio of 1.39. The firm has a market capitalization of $311.74 million, a PE ratio of -9.09 and a beta of 3.11. Ranpak Holdings Corp has a one year low of $2.96 and a one year high of $7.81.

Ranpak (NYSE:PACK) last posted its earnings results on Thursday, October 29th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). Ranpak had a negative return on equity of 6.65% and a negative net margin of 8.28%. The firm had revenue of $101.90 million for the quarter, compared to analysts’ expectations of $108.85 million. On average, analysts anticipate that Ranpak Holdings Corp will post -0.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Ranpak

Hedge funds have recently bought and sold shares of the business. JS Capital Management LLC purchased a new position in shares of Ranpak during the second quarter valued at approximately $223,180,857. Bank of New York Mellon Corp bought a new stake in shares of Ranpak in the 2nd quarter worth approximately $1,045,000. Sei Investments Co. grew its stake in shares of Ranpak by 538.5% in the 1st quarter. Sei Investments Co. now owns 120,751 shares of the company’s stock worth $431,000 after buying an additional 101,840 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ranpak by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,045,306 shares of the company’s stock worth $10,871,000 after buying an additional 102,942 shares during the last quarter. Finally, CenterBook Partners LP grew its stake in shares of Ranpak by 49.3% in the 3rd quarter. CenterBook Partners LP now owns 1,307,714 shares of the company’s stock worth $5,427,000 after buying an additional 431,869 shares during the last quarter. Institutional investors own 85.94% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PACK shares. Craig Hallum cut Ranpak from a “buy” rating to a “hold” rating and set a $3.50 price target on the stock. in a research note on Friday, October 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ranpak in a research report on Thursday, October 15th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Ranpak currently has a consensus rating of “Hold” and an average target price of $3.50.

About Ranpak

Ranpak Holdings Corp. (NYSE: PACK) develops and manufactures sustainable, paper-based packaging solutions designed to protect products during shipping and handling. Its offerings serve e-commerce, retail, industrial, food, and other applications where cushioning, void fill, wrapping, and product protection are required.

The company’s product portfolio includes paper cushioning and void-fill materials, protective wrapping systems, and packaging automation equipment. Ranpak also provides dispensing systems and related packaging solutions that help customers streamline fulfillment operations while reducing reliance on plastic-based protective packaging.

Founded in 1972, Ranpak serves customers through a global network of manufacturing, distribution, and sales operations across North America, Europe, and other international markets.