Atria Investments Inc Makes New $230,000 Investment in Ring Energy, Inc. (NYSEAMERICAN:REI)

Atria Investments Inc purchased a new stake in Ring Energy, Inc. (NYSEAMERICAN:REI) during the third quarter, HoldingsChannel reports. The institutional investor purchased 143,507 shares of the company’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Ring Energy by 26.5% in the 1st quarter. Vanguard Group Inc. now owns 5,068,526 shares of the company’s stock valued at $9,934,000 after purchasing an additional 1,062,654 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Ring Energy in the 1st quarter valued at $47,000. CWM LLC boosted its holdings in shares of Ring Energy by 448.3% during the 2nd quarter. CWM LLC now owns 23,367 shares of the company’s stock valued at $39,000 after acquiring an additional 19,105 shares in the last quarter. American Century Companies Inc. grew its position in Ring Energy by 42.6% during the 2nd quarter. American Century Companies Inc. now owns 1,967,501 shares of the company’s stock worth $3,325,000 after acquiring an additional 587,690 shares during the last quarter. Finally, Cetera Advisors LLC increased its holdings in Ring Energy by 89.6% in the 1st quarter. Cetera Advisors LLC now owns 34,130 shares of the company’s stock worth $67,000 after purchasing an additional 16,130 shares in the last quarter. 77.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ring Energy news, major shareholder Warburg Pincus & Co Us, Llc sold 4,400,000 shares of the stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $1.62, for a total transaction of $7,128,000.00. Following the completion of the sale, the insider now directly owns 35,520,643 shares in the company, valued at approximately $57,543,441.66. This trade represents a 11.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.60% of the company’s stock.

Ring Energy Trading Up 0.6 %

Shares of NYSEAMERICAN:REI opened at $1.60 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.46. Ring Energy, Inc. has a 52 week low of $1.25 and a 52 week high of $2.20. The firm has a market cap of $317.12 million, a PE ratio of 2.81 and a beta of 1.63.

Ring Energy (NYSEAMERICAN:REI) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The company had revenue of $89.24 million during the quarter, compared to the consensus estimate of $83.27 million. Ring Energy had a return on equity of 9.21% and a net margin of 29.44%. As a group, equities analysts expect that Ring Energy, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.