G2 Investment Partners Management LLC Purchases 683,851 Shares of Ranpak Holdings Corp. (NYSE:PACK)

G2 Investment Partners Management LLC lifted its holdings in shares of Ranpak Holdings Corp. (NYSE:PACK - Free Report) by 28.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,070,511 shares of the company's stock after acquiring an additional 683,851 shares during the quarter. Ranpak makes up about 5.5% of G2 Investment Partners Management LLC's portfolio, making the stock its 3rd biggest holding. G2 Investment Partners Management LLC owned 3.69% of Ranpak worth $21,125,000 at the end of the most recent quarter.

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

Ranpak Price Performance

Shares of NYSE PACK traded down $0.05 during trading hours on Wednesday, hitting $3.60. 245,484 shares of the stock were exchanged, compared to its average volume of 436,736. The company's fifty day simple moving average is $4.54 and its two-hundred day simple moving average is $6.17. The company has a market cap of $301.00 million, a PE ratio of -15.00 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 1-year low of $2.91 and a 1-year high of $9.04.

Ranpak (NYSE:PACK - Get Free Report) last issued its earnings results 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 business had revenue of $91.20 million during the quarter, compared to analyst estimates of $90.56 million. During the same period in the prior year, the business posted ($0.10) EPS. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts predict that Ranpak Holdings Corp. will post -0.2 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Robert W. Baird lowered 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, May 7th. Cantor Fitzgerald decreased their price target on Ranpak from $11.50 to $6.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th.

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.