Ranger Bermuda Topco (NASDAQ:KG) Posts Earnings Results

Ranger Bermuda Topco (NASDAQ:KG) released its quarterly earnings data on Friday. The company reported ($1.34) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $10.19 million during the quarter. Ranger Bermuda Topco had a net margin of 81.41% and a negative return on equity of 25.46%.

Ranger Bermuda Topco Price Performance

Ranger Bermuda Topco stock traded up $0.72 during mid-day trading on Friday, reaching $11.87. 8,968 shares of the company traded hands, compared to its average volume of 16,721. The company has a fifty day moving average price of $11.67. The firm has a market capitalization of $108.99 million, a P/E ratio of 1.15 and a beta of 0.63. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. Ranger Bermuda Topco has a fifty-two week low of $8.07 and a fifty-two week high of $36.80.

Institutional Trading of Ranger Bermuda Topco

A hedge fund recently bought a new stake in Ranger Bermuda Topco stock. Advisory Services Network LLC acquired a new stake in shares of Ranger Bermuda Topco Ltd (NASDAQ:KG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 50,793 shares of the company’s stock, valued at approximately $520,000. Advisory Services Network LLC owned approximately 0.66% of Ranger Bermuda Topco as of its most recent SEC filing. 21.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on shares of Ranger Bermuda Topco in a report on Tuesday, February 10th. They issued a “sell (d-)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

About Ranger Bermuda Topco

Kestrel Group Ltd specializes in providing fronting services to insurance program managers, MGAs, reinsurers and reinsurance brokers. Kestrel Group Ltd, formerly known as Maiden Holdings Ltd., is based in DALLAS.