75,713 Shares in Ring Energy, Inc. (NYSEAMERICAN:REI) Bought by Simplicity Solutions LLC

Simplicity Solutions LLC acquired a new stake in Ring Energy, Inc. (NYSEAMERICAN:REI) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 75,713 shares of the company’s stock, valued at approximately $111,000.

Several other institutional investors and hedge funds have also recently modified their holdings of REI. AQR Capital Management LLC increased its holdings in shares of Ring Energy by 301.3% in the third quarter. AQR Capital Management LLC now owns 3,546,575 shares of the company’s stock valued at $6,916,000 after purchasing an additional 2,662,744 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of Ring Energy in the third quarter valued at about $3,278,000. BlackRock Inc. grew its stake in shares of Ring Energy by 22.6% in the second quarter. BlackRock Inc. now owns 8,350,345 shares of the company’s stock valued at $14,279,000 after acquiring an additional 1,539,628 shares in the last quarter. State Street Corp grew its stake in shares of Ring Energy by 273.2% in the second quarter. State Street Corp now owns 1,310,988 shares of the company’s stock valued at $3,487,000 after acquiring an additional 959,696 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Ring Energy by 267.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,016,090 shares of the company’s stock valued at $3,881,000 after acquiring an additional 739,486 shares in the last quarter. 77.14% of the stock is currently owned by institutional investors and hedge funds.

Ring Energy Stock Performance

REI stock opened at $2.02 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.44 and a current ratio of 0.49. Ring Energy, Inc. has a 52 week low of $1.25 and a 52 week high of $2.43. The stock has a market capitalization of $399.82 million, a P/E ratio of 3.74 and a beta of 1.76.

Ring Energy (NYSEAMERICAN:REI) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). Ring Energy had a net margin of 29.04% and a return on equity of 12.48%. The business had revenue of $99.94 million during the quarter, compared to analyst estimates of $95.39 million. As a group, analysts anticipate that Ring Energy, Inc. will post 0.55 earnings per share for the current year.

Ring Energy Company Profile

Ring Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. The company has interests in 56,711 net developed acres and 2,668 net undeveloped acres in Andrews, Gaines, Crane, Ector, Winkler, and Ward counties, Texas; and 8,751 net developed acres and 12,405 net undeveloped acres in Yoakum County, Texas and Lea County, New Mexico.