Ranpak (NYSE:PACK) Director Sells $18,712.51 in 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 shares were sold at an average price of $3.17, for a total value of $18,712.51. Following the completion of the transaction, the director directly owned 74,021 shares in the company, valued at $234,646.57. This represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ranpak Stock Up 0.1%

Shares of Ranpak stock opened at $3.63 on Monday. The stock’s 50-day moving average is $3.88 and its 200 day moving average is $5.07. Ranpak Holdings Corp has a one year low of $2.96 and a one year high of $7.81. The firm has a market cap of $311.85 million, a price-to-earnings ratio of -9.09 and a beta of 3.11. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.79 and a quick ratio of 1.43.

Ranpak (NYSE:PACK) last issued its earnings results on Thursday, October 29th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates 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. Equities research analysts anticipate that Ranpak Holdings Corp will post -0.35 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on PACK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ranpak in a research note on Thursday, October 15th. Craig Hallum lowered shares of Ranpak from a “buy” rating to a “hold” rating and set a $3.50 target price on the stock. 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. According to MarketBeat.com, Ranpak presently has a consensus rating of “Hold” and an average price target of $3.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its position in Ranpak by 9.1% in 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 period. CenterBook Partners LP lifted its stake in shares of Ranpak by 49.3% in the third quarter. CenterBook Partners LP now owns 1,307,714 shares of the company’s stock valued at $5,427,000 after buying an additional 431,869 shares in the last quarter. Vise Technologies Inc. grew its holdings in shares of Ranpak by 61.5% during the third quarter. Vise Technologies Inc. now owns 22,080 shares of the company’s stock valued at $92,000 after buying an additional 8,407 shares during the last quarter. Abel Hall LLC acquired a new position in shares of Ranpak during the third quarter valued at about $58,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Ranpak during the second quarter valued at about $116,000. Institutional investors own 85.94% of the company’s stock.

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.