Ranger Bermuda Topco (NASDAQ:KG) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Ranger Bermuda Topco (NASDAQ:KG) from a hold rating to a sell rating in a research report released on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Ranger Bermuda Topco in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Ranger Bermuda Topco Trading Down 10.4%

Shares of KG stock opened at $10.51 on Friday. The firm has a market capitalization of $82.19 million, a PE ratio of 0.94 and a beta of 0.63. The company has a 50-day moving average of $11.17. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 2.16. Ranger Bermuda Topco has a 1-year low of $8.07 and a 1-year high of $36.80.

Ranger Bermuda Topco (NASDAQ:KG) last issued its quarterly earnings results on Tuesday, March 31st. The company reported ($1.34) earnings per share for the quarter. The company had revenue of $10.19 million during the quarter. Ranger Bermuda Topco had a net margin of 91.44% and a negative return on equity of 27.09%.

Institutional Investors Weigh In On Ranger Bermuda Topco

A hedge fund recently bought a new stake in Ranger Bermuda Topco stock. Advisory Services Network LLC bought a new stake in shares of Ranger Bermuda Topco Ltd (NASDAQ:KG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 21.78% of the company’s stock.

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.