Ring Energy, Inc. (NYSEAMERICAN:REI) Shares Bought by Catalina Capital Group LLC

Catalina Capital Group LLC grew its holdings in Ring Energy, Inc. (NYSEAMERICAN:REI) by 38.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,530 shares of the company’s stock after buying an additional 10,201 shares during the period. Catalina Capital Group LLC’s holdings in Ring Energy were worth $58,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Delap Wealth Advisory LLC acquired a new position in Ring Energy during the first quarter worth $27,000. CreativeOne Wealth LLC acquired a new position in shares of Ring Energy during the 1st quarter valued at about $31,000. Walleye Trading LLC grew its holdings in shares of Ring Energy by 255.9% in the first quarter. Walleye Trading LLC now owns 16,213 shares of the company’s stock valued at $32,000 after purchasing an additional 26,613 shares during the period. Ullmann Wealth Partners Group LLC increased its position in Ring Energy by 58.8% during the third quarter. Ullmann Wealth Partners Group LLC now owns 20,469 shares of the company’s stock worth $33,000 after purchasing an additional 7,583 shares during the last quarter. Finally, Caprock Group LLC raised its stake in Ring Energy by 44.0% during the second quarter. Caprock Group LLC now owns 21,776 shares of the company’s stock worth $37,000 after purchasing an additional 6,655 shares during the period. 77.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ring Energy

In other Ring Energy news, major shareholder Warburg Pincus & Co Us, Llc sold 6,200,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $1.64, for a total transaction of $10,168,000.00. Following the sale, the insider now owns 39,920,643 shares in the company, valued at $65,469,854.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is currently owned by corporate insiders.

Ring Energy Price Performance

REI opened at $1.74 on Friday. Ring Energy, Inc. has a 12-month low of $1.25 and a 12-month high of $2.20. The stock has a market cap of $343.82 million, a P/E ratio of 4.89 and a beta of 1.63. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50.

Ring Energy (NYSEAMERICAN:REI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $99.14 million for the quarter, compared to analysts’ expectations of $98.29 million. Ring Energy had a net margin of 18.41% and a return on equity of 10.94%. Analysts expect that Ring Energy, Inc. will post 0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Ring Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 15th.

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.