Ranpak (NYSE:PACK) Director Sells $18,712.51 in Stock

Ranpak Holdings Corp (NYSE:PACK) Director Alicia Tranen sold 5,903 shares of the firm’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 sale, the director directly owned 74,021 shares in the company, valued at approximately $234,646.57. This represents a 7.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ranpak Stock Performance

NYSE PACK traded up $0.29 during trading on Friday, reaching $3.63. 763,028 shares of the company’s stock were exchanged, compared to its average volume of 565,532. 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 business has a 50 day moving average price of $3.91 and a 200-day moving average price of $5.08. The stock has a market capitalization of $311.74 million, a P/E ratio of -9.09 and a beta of 3.11. Ranpak Holdings Corp has a fifty-two week low of $2.96 and a fifty-two week high of $7.81.

Ranpak (NYSE:PACK) last issued its quarterly earnings data 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 net margin of 8.28% and a negative return on equity of 6.65%. The company had revenue of $101.90 million during the quarter, compared to the consensus estimate of $108.85 million. Sell-side analysts forecast that Ranpak Holdings Corp will post -0.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PACK. Weiss Ratings restated a “sell (d-)” rating on shares of Ranpak in a research report on Thursday, October 15th. 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. Two 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 company presently has an average rating of “Hold” and a consensus price target of $3.50.

Institutional Investors Weigh In On Ranpak

Several hedge funds have recently made changes to their positions in PACK. JS Capital Management LLC purchased a new position in Ranpak in the second quarter worth $223,180,857. Dimensional Fund Advisors LP lifted its holdings in shares of Ranpak by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,045,306 shares of the company’s stock valued at $10,871,000 after purchasing an additional 102,942 shares during the last quarter. CenterBook Partners LP lifted its holdings in shares of Ranpak by 49.3% during the 3rd quarter. CenterBook Partners LP now owns 1,307,714 shares of the company’s stock valued at $5,427,000 after purchasing an additional 431,869 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Ranpak by 9.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 574,666 shares of the company’s stock valued at $2,385,000 after purchasing an additional 47,940 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Ranpak in the 2nd quarter worth $1,045,000. 85.94% of the stock is currently owned by hedge funds and other 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.