Quadrature Capital Ltd Sells 91,971 Shares of Ring Energy, Inc. (NYSEAMERICAN:REI)

Quadrature Capital Ltd lowered its position in Ring Energy, Inc. (NYSEAMERICAN:REI) by 62.9% during the 3rd quarter, Holdings Channel reports. The fund owned 54,228 shares of the company’s stock after selling 91,971 shares during the period. Quadrature Capital Ltd’s holdings in Ring Energy were worth $87,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Ring Energy by 26.5% during the first quarter. Vanguard Group Inc. now owns 5,068,526 shares of the company’s stock valued at $9,934,000 after purchasing an additional 1,062,654 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Ring Energy by 4.0% in the second quarter. AQR Capital Management LLC now owns 3,574,169 shares of the company’s stock worth $6,040,000 after buying an additional 136,109 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Ring Energy by 42.6% in the second quarter. American Century Companies Inc. now owns 1,967,501 shares of the company’s stock worth $3,325,000 after buying an additional 587,690 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Ring Energy by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 1,264,640 shares of the company’s stock worth $2,137,000 after buying an additional 122,851 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Ring Energy by 50.4% in the second quarter. Renaissance Technologies LLC now owns 787,600 shares of the company’s stock valued at $1,331,000 after purchasing an additional 264,010 shares in the last quarter. Institutional investors own 77.14% of the company’s stock.

Insider Buying and Selling at Ring Energy

In other Ring Energy news, major shareholder Warburg Pincus & Co Us, Llc sold 4,400,000 shares of the business’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $1.62, for a total value of $7,128,000.00. Following the completion of the transaction, the insider now owns 35,520,643 shares of the company’s stock, valued at approximately $57,543,441.66. The trade was a 11.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.

Ring Energy Stock Performance

Shares of Ring Energy stock opened at $1.42 on Friday. The company has a market capitalization of $280.45 million, a PE ratio of 2.48 and a beta of 1.59. Ring Energy, Inc. has a 52-week low of $1.25 and a 52-week high of $2.20. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.46.

Ring Energy (NYSEAMERICAN:REI) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $89.24 million for the quarter, compared to analysts’ expectations of $83.27 million. Ring Energy had a net margin of 29.44% and a return on equity of 9.21%. Sell-side analysts anticipate that Ring Energy, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Ring Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

About Ring Energy

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.