Aristotle Capital Boston LLC Sells 376,198 Shares of Ring Energy, Inc. (NYSEAMERICAN:REI)

Aristotle Capital Boston LLC lessened its stake in shares of Ring Energy, Inc. (NYSEAMERICAN:REI - Free Report) by 16.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,888,001 shares of the company's stock after selling 376,198 shares during the quarter. Aristotle Capital Boston LLC owned about 0.95% of Ring Energy worth $2,568,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of Ring Energy by 4,564.9% during the third quarter. JPMorgan Chase & Co. now owns 3,086,251 shares of the company's stock valued at $4,938,000 after purchasing an additional 3,020,092 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Ring Energy during the 4th quarter worth approximately $1,378,000. Segall Bryant & Hamill LLC purchased a new position in shares of Ring Energy in the 4th quarter worth approximately $1,167,000. Geode Capital Management LLC grew its holdings in shares of Ring Energy by 34.6% in the third quarter. Geode Capital Management LLC now owns 2,970,929 shares of the company's stock valued at $4,754,000 after acquiring an additional 763,907 shares in the last quarter. Finally, RBF Capital LLC purchased a new stake in shares of Ring Energy during the fourth quarter valued at approximately $554,000. Institutional investors and hedge funds own 77.14% of the company's stock.

Ring Energy Stock Performance

Shares of NYSEAMERICAN REI traded down $0.01 during midday trading on Wednesday, hitting $0.85. The company's stock had a trading volume of 1,119,717 shares, compared to its average volume of 1,835,574. The firm has a market capitalization of $168.49 million, a price-to-earnings ratio of 1.49 and a beta of 1.55. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average price of $1.04 and a 200 day moving average price of $1.35. Ring Energy, Inc. has a one year low of $0.78 and a one year high of $2.06.

Insider Activity

In other news, major shareholder Warburg Pincus (E&P) Xii Llc sold 6,575,000 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1.23, for a total transaction of $8,087,250.00. Following the sale, the insider now owns 28,945,643 shares in the company, valued at approximately $35,603,140.89. This trade represents a 18.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John A. Crum acquired 50,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was purchased at an average price of $1.15 per share, with a total value of $57,500.00. Following the completion of the acquisition, the director now directly owns 564,125 shares in the company, valued at approximately $648,743.75. This represents a 9.73 % increase in their position. The disclosure for this purchase can be found here. 2.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Alliance Global Partners reaffirmed a "buy" rating on shares of Ring Energy in a report on Friday, March 7th. Industrial Alliance Securities set a $2.50 target price on Ring Energy in a research note on Friday, March 7th.

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.