GSA Capital Partners LLP Boosts Stock Position in Ranpak Holdings Corp. (NYSE:PACK)

GSA Capital Partners LLP boosted its holdings in shares of Ranpak Holdings Corp. (NYSE:PACK) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 289,721 shares of the company’s stock after acquiring an additional 5,254 shares during the quarter. GSA Capital Partners LLP owned 0.35% of Ranpak worth $1,892,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PACK. Innealta Capital LLC purchased a new position in Ranpak during the 2nd quarter valued at $31,000. Legato Capital Management LLC purchased a new stake in shares of Ranpak in the 2nd quarter worth $91,000. SG Americas Securities LLC purchased a new stake in shares of Ranpak in the 3rd quarter worth $106,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Ranpak by 8.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,098 shares of the company’s stock worth $116,000 after buying an additional 1,464 shares during the period. Finally, Gabelli Funds LLC purchased a new stake in shares of Ranpak in the 2nd quarter worth $129,000. Hedge funds and other institutional investors own 85.94% of the company’s stock.

Ranpak Price Performance

Shares of NYSE PACK opened at $6.92 on Wednesday. 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 $2.84 and a 1-year high of $9.04. The business has a fifty day moving average price of $6.28 and a 200 day moving average price of $6.59.

Ranpak (NYSE:PACK) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The company had revenue of $92.20 million for the quarter, compared to analysts’ expectations of $90.76 million. Ranpak had a negative return on equity of 3.54% and a negative net margin of 5.64%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.03) earnings per share.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Robert W. Baird lowered their target price on Ranpak from $10.00 to $7.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Baird R W cut Ranpak from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 14th.

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.