Atria Investments Inc Purchases Shares of 143,507 Ring Energy, Inc. (NYSEAMERICAN:REI)

Atria Investments Inc acquired a new position in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 143,507 shares of the company’s stock, valued at approximately $230,000. Atria Investments Inc owned about 0.07% of Ring Energy at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of REI. Vanguard Group Inc. increased 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 worth $9,934,000 after buying an additional 1,062,654 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Ring Energy in the 1st quarter valued at about $47,000. CWM LLC lifted its stake in Ring Energy by 448.3% in the 2nd quarter. CWM LLC now owns 23,367 shares of the company’s stock valued at $39,000 after purchasing an additional 19,105 shares during the last quarter. American Century Companies Inc. lifted its stake in Ring Energy by 42.6% in the 2nd quarter. American Century Companies Inc. now owns 1,967,501 shares of the company’s stock valued at $3,325,000 after purchasing an additional 587,690 shares during the last quarter. Finally, Cetera Advisors LLC grew its holdings in Ring Energy by 89.6% during the first quarter. Cetera Advisors LLC now owns 34,130 shares of the company’s stock worth $67,000 after purchasing an additional 16,130 shares during the period. Institutional investors own 77.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Ring Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

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 stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $1.62, for a total transaction of $7,128,000.00. Following the transaction, the insider now owns 35,520,643 shares in the company, valued at $57,543,441.66. This represents a 11.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.

Ring Energy Stock Up 0.6 %

REI stock opened at $1.60 on Friday. The firm has a market cap of $317.12 million, a price-to-earnings ratio of 2.81 and a beta of 1.63. Ring Energy, Inc. has a one year low of $1.25 and a one year high of $2.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.54 and a quick ratio of 0.49.

Ring Energy (NYSEAMERICAN:REI) last announced its earnings results on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $89.24 million during the quarter, compared to the consensus estimate of $83.27 million. Ring Energy had a net margin of 29.44% and a return on equity of 9.21%. Research analysts forecast that Ring Energy, Inc. will post 0.34 EPS for the current year.

Ring Energy 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.