Privium Fund Management UK Ltd Buys New Stake in Ring Energy, Inc. (NYSEAMERICAN:REI)

Privium Fund Management UK Ltd purchased a new position in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 153,106 shares of the company’s stock, valued at approximately $262,000. Privium Fund Management UK Ltd owned approximately 0.08% of Ring Energy as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Ring Energy by 26.5% during the 1st quarter. Vanguard Group Inc. now owns 5,068,526 shares of the company’s stock worth $9,934,000 after buying an additional 1,062,654 shares during the period. Panagora Asset Management Inc. purchased a new stake in shares of Ring Energy during the second quarter worth $323,000. GSA Capital Partners LLP increased its position in shares of Ring Energy by 61.5% during the first quarter. GSA Capital Partners LLP now owns 455,506 shares of the company’s stock worth $893,000 after acquiring an additional 173,511 shares during the period. IPG Investment Advisors LLC acquired a new stake in shares of Ring Energy in the fourth quarter valued at $235,000. Finally, Bank of New York Mellon Corp boosted its holdings in Ring Energy by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 1,264,640 shares of the company’s stock valued at $2,137,000 after purchasing an additional 122,851 shares during the period. 77.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Ring Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 15th.

Ring Energy Trading Down 7.6 %

Shares of NYSEAMERICAN:REI opened at $1.71 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50. Ring Energy, Inc. has a 12 month low of $1.25 and a 12 month high of $2.20. The firm has a market cap of $338.87 million, a P/E ratio of 4.40 and a beta of 1.63.

Ring Energy (NYSEAMERICAN:REI) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $99.14 million for the quarter, compared to analyst estimates of $98.29 million. Ring Energy had a return on equity of 10.94% and a net margin of 18.41%. On average, analysts anticipate that Ring Energy, Inc. will post 0.43 EPS for the current fiscal year.

Ring Energy Profile

Ring Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. The company has interests in 56,711 net developed acres and 2,668 net undeveloped acres in Andrews, Gaines, Crane, Ector, Winkler, and Ward counties, Texas; and 8,751 net developed acres and 12,405 net undeveloped acres in Yoakum County, Texas and Lea County, New Mexico.