Ranpak (NYSE:PACK) Director Alicia Tranen Sells 5,903 Shares of Stock

Key Points

• Director Alicia Tranen sold 5,903 Ranpak shares at an average price of $3.17, receiving about $18,713. She retained 74,021 shares after the sale, a 7.39% reduction in her position.
• Ranpak’s latest quarter missed expectations: it reported a loss of $0.08 per share versus analysts’ expected loss of $0.02, while revenue of $101.9 million fell short of the $108.85 million consensus.
• Analysts have a consensus Hold rating and an average $3.50 price target; shares traded at $3.63 on Friday.

Ranpak Holdings Corp (NYSE:PACK - Get Free Report) Director Alicia Tranen sold 5,903 shares of the company's stock in a transaction that occurred on 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 sale, the director owned 74,021 shares in the company, valued at approximately $234,646.57. This represents a 7.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ranpak Stock Performance

NYSE:PACK traded up $0.29 during trading hours on Friday, reaching $3.63. The company had a trading volume of 763,028 shares, compared to its average volume of 565,532. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.79 and a quick ratio of 1.39. Ranpak Holdings Corp has a 1-year low of $2.96 and a 1-year high of $7.81. The business's 50 day moving average price is $3.91 and its 200-day moving average price is $5.08. The firm has a market cap of $311.74 million, a PE ratio of -9.09 and a beta of 3.11.

Ranpak (NYSE:PACK - Get Free Report) last issued its quarterly 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 net margin of 8.28% and a negative return on equity of 6.65%. The company had revenue of $101.90 million during the quarter, compared to analysts' expectations of $108.85 million. Research analysts forecast that Ranpak Holdings Corp will post -0.35 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PACK. Abel Hall LLC acquired a new position in Ranpak in the third quarter valued at about $58,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Ranpak during the second quarter worth approximately $116,000. Gamco Investors INC. ET AL increased its holdings in shares of Ranpak by 28.6% during the first quarter. Gamco Investors INC. ET AL now owns 18,000 shares of the company's stock worth $64,000 after buying an additional 4,000 shares in the last quarter. Vise Technologies Inc. raised its stake in shares of Ranpak by 61.5% in the third quarter. Vise Technologies Inc. now owns 22,080 shares of the company's stock valued at $92,000 after acquiring an additional 8,407 shares during the last quarter. Finally, Granite Investment Partners LLC raised its stake in shares of Ranpak by 35.6% in the first quarter. Granite Investment Partners LLC now owns 37,631 shares of the company's stock valued at $134,000 after acquiring an additional 9,889 shares during the last quarter. 85.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PACK has been the subject of several research reports. Weiss Ratings restated a "sell (d-)" rating on shares of Ranpak in a research report on Thursday, October 15th. Craig Hallum downgraded shares of Ranpak from a "buy" rating to a "hold" rating and set a $3.50 price target for the company. in a report on Friday, October 30th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $3.50.

Ranpak Company Profile

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.

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