Ranger Bermuda Topco (NASDAQ:KG) Releases Earnings Results

Ranger Bermuda Topco (NASDAQ:KG) released its quarterly earnings results on Friday. The company reported ($1.34) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $10.19 million during the quarter. Ranger Bermuda Topco had a negative return on equity of 25.46% and a net margin of 81.41%.

Ranger Bermuda Topco Trading Up 6.5%

Shares of Ranger Bermuda Topco stock traded up $0.72 during trading hours on Friday, reaching $11.87. 10,152 shares of the company’s stock were exchanged, compared to its average volume of 14,888. Ranger Bermuda Topco has a 52-week low of $8.07 and a 52-week high of $36.80. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $108.97 million, a price-to-earnings ratio of 1.15 and a beta of 0.63. The company’s fifty day moving average is $11.67.

Hedge Funds Weigh In On Ranger Bermuda Topco

An institutional investor recently bought a new position in Ranger Bermuda Topco stock. Advisory Services Network LLC purchased a new stake in shares of Ranger Bermuda Topco Ltd (NASDAQ:KG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 50,793 shares of the company’s stock, valued at approximately $520,000. Advisory Services Network LLC owned approximately 0.66% of Ranger Bermuda Topco as of its most recent SEC filing. Hedge funds and other institutional investors own 21.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on Ranger Bermuda Topco in a research note on Tuesday, February 10th. They issued a “sell (d-)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock 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.