SG Americas Securities LLC Purchases 7,729 Shares of Ring Energy, Inc. (NYSEAMERICAN:REI)

SG Americas Securities LLC lifted its holdings in Ring Energy, Inc. (NYSEAMERICAN:REI) by 12.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,037 shares of the company’s stock after purchasing an additional 7,729 shares during the period. SG Americas Securities LLC’s holdings in Ring Energy were worth $102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. UBS Group AG grew its holdings in Ring Energy by 252.1% during the first quarter. UBS Group AG now owns 9,292 shares of the company’s stock valued at $36,000 after purchasing an additional 6,653 shares during the period. State of Wyoming bought a new position in shares of Ring Energy during the 4th quarter valued at approximately $28,000. Atria Wealth Solutions Inc. purchased a new stake in Ring Energy in the 2nd quarter worth approximately $38,000. Tower Research Capital LLC TRC increased its stake in shares of Ring Energy by 68.0% in the third quarter. Tower Research Capital LLC TRC now owns 15,244 shares of the company’s stock worth $36,000 after purchasing an additional 6,171 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in Ring Energy in the 4th quarter worth $40,000. Hedge funds and other institutional investors own 77.14% of the company’s stock.

Ring Energy Stock Performance

REI stock opened at $2.02 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 0.54. Ring Energy, Inc. has a 1-year low of $1.25 and a 1-year high of $2.43. The company has a market capitalization of $399.82 million, a price-to-earnings ratio of 3.74 and a beta of 1.76.

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