Divisadero Street Capital Management LP Invests $831,000 in Ranpak Holdings Corp. (NYSE:PACK)

Divisadero Street Capital Management LP acquired a new position in shares of Ranpak Holdings Corp. (NYSE:PACK - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 120,752 shares of the company's stock, valued at approximately $831,000. Divisadero Street Capital Management LP owned about 0.15% of Ranpak as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in Ranpak during the fourth quarter worth about $42,000. Two Sigma Securities LLC acquired a new stake in Ranpak during the 4th quarter worth approximately $70,000. Susquehanna Fundamental Investments LLC acquired a new position in Ranpak during the fourth quarter valued at approximately $71,000. BNP Paribas Financial Markets grew its stake in Ranpak by 25.4% during the fourth quarter. BNP Paribas Financial Markets now owns 17,881 shares of the company's stock worth $123,000 after buying an additional 3,623 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Ranpak by 16.9% in the fourth quarter. SG Americas Securities LLC now owns 19,059 shares of the company's stock worth $131,000 after acquiring an additional 2,758 shares in the last quarter. 85.94% of the stock is owned by hedge funds and other institutional investors.

Ranpak Stock Up 0.9 %

Shares of NYSE PACK traded up $0.03 during trading on Friday, reaching $3.38. 424,196 shares of the stock were exchanged, compared to its average volume of 434,624. The business's 50-day moving average price is $4.65 and its 200 day moving average price is $6.20. The company has a market capitalization of $282.60 million, a price-to-earnings ratio of -14.08 and a beta of 2.79. Ranpak Holdings Corp. has a twelve month low of $2.91 and a twelve month high of $9.04. The company has a quick ratio of 2.01, a current ratio of 2.36 and a debt-to-equity ratio of 0.71.

Ranpak (NYSE:PACK - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.09). Ranpak had a negative net margin of 5.64% and a negative return on equity of 3.54%. The firm had revenue of $91.20 million during the quarter, compared to analysts' expectations of $90.56 million. During the same period in the previous year, the company earned ($0.10) earnings per share. The business's quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that Ranpak Holdings Corp. will post -0.2 EPS for the current fiscal year.

Analysts Set New Price Targets

PACK has been the topic of several recent research reports. Cantor Fitzgerald reduced their target price on shares of Ranpak from $11.50 to $6.00 and set an "overweight" rating on the stock in a report on Wednesday. Robert W. Baird reduced their price objective on Ranpak from $7.00 to $5.00 and set a "neutral" rating on the stock in a research note on Wednesday.

Ranpak Company 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.