Manatuck Hill Partners LLC bought a new position in shares of Ranpak Holdings Corp. (NYSE:PACK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 115,000 shares of the company's stock, valued at approximately $791,000. Manatuck Hill Partners LLC owned 0.14% of Ranpak as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new position in Ranpak during the fourth quarter valued at about $42,000. Two Sigma Securities LLC bought a new position in shares of Ranpak in the fourth quarter valued at about $70,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Ranpak in the fourth quarter valued at approximately $71,000. SG Americas Securities LLC lifted its stake in shares of Ranpak by 16.9% during the fourth quarter. SG Americas Securities LLC now owns 19,059 shares of the company's stock valued at $131,000 after acquiring an additional 2,758 shares during the period. Finally, XTX Topco Ltd bought a new position in Ranpak in the fourth quarter valued at about $141,000. Institutional investors own 85.94% of the company's stock.
Ranpak Trading Down 3.3 %
NYSE:PACK traded down $0.15 on Monday, hitting $4.28. 399,320 shares of the stock were exchanged, compared to its average volume of 416,711. The stock has a market capitalization of $357.43 million, a price-to-earnings ratio of -17.81 and a beta of 2.79. 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 $3.38 and a 52 week high of $9.04. The company's 50-day moving average price is $4.98 and its 200 day moving average price is $6.29.
About Ranpak
(
Free Report)
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.
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