729,206 Shares in Ring Energy, Inc. $REI Bought by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in Ring Energy, Inc. (NYSEAMERICAN:REI) in the third quarter, HoldingsChannel reports. The institutional investor acquired 729,206 shares of the company’s stock, valued at approximately $795,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC bought a new position in shares of Ring Energy in the 2nd quarter worth about $25,000. Barry Investment Advisors LLC raised its stake in Ring Energy by 150.0% during the third quarter. Barry Investment Advisors LLC now owns 25,000 shares of the company’s stock worth $27,000 after acquiring an additional 15,000 shares during the period. Jump Financial LLC acquired a new stake in Ring Energy during the second quarter worth about $31,000. Hudson Bay Capital Management LP bought a new position in Ring Energy in the second quarter worth about $34,000. Finally, CWM LLC boosted its stake in Ring Energy by 61.3% in the second quarter. CWM LLC now owns 44,809 shares of the company’s stock valued at $36,000 after acquiring an additional 17,036 shares during the period. Institutional investors own 77.14% of the company’s stock.

Ring Energy Stock Performance

Shares of NYSEAMERICAN:REI opened at $1.38 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $1.04 and its 200 day moving average price is $1.00. The company has a market cap of $285.96 million, a PE ratio of -19.71 and a beta of 1.00. Ring Energy, Inc. has a fifty-two week low of $0.72 and a fifty-two week high of $1.42.

Analyst Ratings Changes

Separately, Zacks Research upgraded Ring Energy to a “hold” rating in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $2.50.

Ring Energy Profile

Ring Energy, Inc is an independent oil and natural gas exploration and production company focused on the development, acquisition and operation of upstream assets in the United States. Headquartered in Odessa, Texas, the company concentrates its activities on onshore hydrocarbon plays, where it seeks to optimize production through technical innovation, cost management and disciplined capital allocation. Ring Energy trades on the NYSE American under the ticker symbol REI.

The company’s core operations are centered in the Permian Basin, one of North America’s most prolific oil-producing regions.