Insider Spends US$389k Buying More Shares In Ranpak Holdings
Potential Ranpak Holdings Corp. (NYSE:PACK) shareholders may wish to note that the Independent Director, Alicia Tranen, recently bought US$389k worth of stock, paying US$2.93 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 41%.
Check out our latest analysis for Ranpak Holdings
Ranpak Holdings Insider Transactions Over The Last Year
In fact, the recent purchase by Independent Director Alicia Tranen was not their only acquisition of Ranpak Holdings shares this year. Earlier in the year, they paid US$6.14 per share in a US$432k purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$3.05). It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
Happily, we note that in the last year insiders paid US$1.8m for 473.60k shares. On the other hand they divested 13.37k shares, for US$72k. In the last twelve months there was more buying than selling by Ranpak Holdings insiders. The average buy price was around US$3.79. I'd consider this a positive as it suggests insiders see value at around the current price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of Ranpak Holdings
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Ranpak Holdings insiders own 7.6% of the company, worth about US$20m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Ranpak Holdings Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Ranpak Holdings shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Ranpak Holdings. For example - Ranpak Holdings has 1 warning sign we think you should be aware of.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
