Dynamic Technology Lab Private Ltd Makes New Investment in Ranpak Holdings Corp. (NYSE:PACK)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Ranpak Holdings Corp. (NYSE:PACK) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 28,351 shares of the company’s stock, valued at approximately $185,000.

Other hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in Ranpak by 8.8% in the second quarter. The Manufacturers Life Insurance Company now owns 18,098 shares of the company’s stock valued at $116,000 after acquiring an additional 1,464 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Ranpak by 8.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,268 shares of the company’s stock valued at $231,000 after purchasing an additional 2,191 shares during the last quarter. Innealta Capital LLC acquired a new stake in Ranpak during the 2nd quarter worth $31,000. GSA Capital Partners LLP grew its stake in shares of Ranpak by 1.8% during the third quarter. GSA Capital Partners LLP now owns 289,721 shares of the company’s stock worth $1,892,000 after purchasing an additional 5,254 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Ranpak by 7.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 157,380 shares of the company’s stock valued at $1,012,000 after acquiring an additional 11,409 shares during the last quarter. 85.94% of the stock is currently owned by institutional investors.

Ranpak Trading Up 1.4 %

Ranpak stock opened at $7.90 on Tuesday. Ranpak Holdings Corp. has a 52 week low of $3.85 and a 52 week high of $9.04. The stock has a market capitalization of $657.73 million, a P/E ratio of -33.13 and a beta of 2.37. The stock has a 50-day simple moving average of $6.52 and a 200 day simple moving average of $6.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.36.

Ranpak (NYSE:PACK) last posted its earnings results on Thursday, October 31st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The company had revenue of $92.20 million for the quarter, compared to analyst estimates of $90.76 million. Ranpak had a negative return on equity of 3.54% and a negative net margin of 5.64%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.03) EPS.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PACK. Baird R W cut shares of Ranpak from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Robert W. Baird decreased their target price on shares of Ranpak from $10.00 to $7.00 and set a “neutral” rating for the company in a research report on Friday, November 1st.

Ranpak Profile

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods.