Boothbay Fund Management LLC Boosts Stock Position in Ranpak Holdings Corp. (NYSE:PACK)

Boothbay Fund Management LLC increased its stake in Ranpak Holdings Corp. (NYSE:PACK - Free Report) by 25.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 537,124 shares of the company's stock after purchasing an additional 108,789 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.65% of Ranpak worth $3,695,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PACK. JPMorgan Chase & Co. raised its holdings in shares of Ranpak by 185.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 363,815 shares of the company's stock worth $2,376,000 after purchasing an additional 236,398 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Ranpak by 8.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,569,282 shares of the company's stock worth $17,677,000 after purchasing an additional 198,973 shares during the period. State Street Corp raised its holdings in shares of Ranpak by 15.2% in the 3rd quarter. State Street Corp now owns 1,133,277 shares of the company's stock worth $7,400,000 after purchasing an additional 149,446 shares during the period. Barclays PLC raised its holdings in Ranpak by 367.0% during the 3rd quarter. Barclays PLC now owns 73,116 shares of the company's stock valued at $478,000 after acquiring an additional 57,461 shares during the period. Finally, Empowered Funds LLC raised its holdings in Ranpak by 18.5% during the 4th quarter. Empowered Funds LLC now owns 363,877 shares of the company's stock valued at $2,503,000 after acquiring an additional 56,908 shares during the period. Institutional investors own 85.94% of the company's stock.

Ranpak Stock Performance

PACK stock traded down $0.06 during midday trading on Wednesday, reaching $4.13. 398,165 shares of the company's stock traded hands, compared to its average volume of 421,188. The company has a 50-day moving average price of $5.15 and a two-hundred day moving average price of $6.34. 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 Holdings Corp. has a 52 week low of $3.10 and a 52 week high of $9.04. The firm has a market capitalization of $345.31 million, a PE ratio of -17.21 and a beta of 2.70.

About Ranpak

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.