Ranger Bermuda Topco (NASDAQ:KG) Releases Earnings Results

Ranger Bermuda Topco (NASDAQ:KG) announced its quarterly earnings results on Friday. The company reported ($0.86) earnings per share (EPS) for the quarter, FiscalAI reports. Ranger Bermuda Topco had a net margin of 91.44% and a negative return on equity of 27.09%. The business had revenue of $6.69 million for the quarter.

Ranger Bermuda Topco Price Performance

Shares of KG stock traded down $0.09 on Friday, hitting $8.82. 24,332 shares of the stock traded hands, compared to its average volume of 16,203. The stock has a market cap of $68.97 million, a price-to-earnings ratio of 0.79 and a beta of 0.70. Ranger Bermuda Topco has a 52 week low of $8.07 and a 52 week high of $31.61. The business has a 50 day moving average price of $10.20. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.16.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ranger Bermuda Topco stock. Advisory Services Network LLC purchased a new stake in shares of Ranger Bermuda Topco Ltd (NASDAQ:KG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period. Institutional investors own 21.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Ranger Bermuda Topco from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded shares of Ranger Bermuda Topco from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Ranger Bermuda Topco Company Profile

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.