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

Ranpak Holdings Corp (NYSE:PACK) Director Alicia Tranen sold 5,903 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $3.17, for a total value of $18,712.51. Following the transaction, the director directly owned 74,021 shares of the company’s stock, valued at $234,646.57. This represents a 7.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ranpak Stock Performance

NYSE:PACK traded up $0.29 during mid-day trading on Friday, hitting $3.63. 763,028 shares of the company’s stock traded hands, compared to its average volume of 727,940. The firm has a market capitalization of $311.74 million, a price-to-earnings ratio of -9.09 and a beta of 3.11. The firm has a 50 day moving average of $3.88 and a two-hundred day moving average of $5.07. The company has a current ratio of 1.79, a quick ratio of 1.39 and a debt-to-equity ratio of 0.78. Ranpak Holdings Corp has a 12 month low of $2.96 and a 12 month high of $7.81.

Ranpak (NYSE:PACK) last issued its quarterly earnings results on Thursday, October 29th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate 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 business had revenue of $101.90 million during the quarter, compared to the consensus estimate of $108.85 million. On average, equities analysts forecast that Ranpak Holdings Corp will post -0.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Trading of Ranpak

A number of institutional investors and hedge funds have recently modified their holdings of PACK. JS Capital Management LLC acquired a new position in shares of Ranpak in the second quarter valued at $223,180,857. Dimensional Fund Advisors LP boosted its stake in Ranpak by 3.5% during the first 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 in the last quarter. CenterBook Partners LP boosted its stake in Ranpak by 49.3% during the third 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 in the last quarter. Russell Investments Group Ltd. boosted its stake in Ranpak by 9.1% during the third quarter. Russell Investments Group Ltd. now owns 574,666 shares of the company’s stock worth $2,385,000 after buying an additional 47,940 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Ranpak in the 2nd quarter valued at $1,045,000. 85.94% of the stock is currently owned by institutional investors.

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.