Ranger Bermuda Topco Ltd (NASDAQ:KG) Short Interest Down 56.7% in June

Ranger Bermuda Topco Ltd (NASDAQ:KG) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 67,591 shares, a decrease of 56.7% from the June 15th total of 155,925 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 38,519 shares, the days-to-cover ratio is presently 1.8 days.

Ranger Bermuda Topco Price Performance

Shares of KG traded up $0.28 during trading hours on Tuesday, hitting $10.06. The stock had a trading volume of 17,909 shares, compared to its average volume of 16,539. The business’s 50 day moving average is $11.05. Ranger Bermuda Topco has a 1-year low of $8.07 and a 1-year high of $31.61. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.16. The firm has a market cap of $78.71 million, a price-to-earnings ratio of 0.90 and a beta of 0.71.

Ranger Bermuda Topco (NASDAQ:KG) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($1.34) EPS for the quarter. The firm had revenue of $10.19 million during the quarter. Ranger Bermuda Topco had a net margin of 91.44% and a negative return on equity of 27.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Weiss Ratings raised shares of Ranger Bermuda Topco from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Wall Street Zen downgraded shares of Ranger Bermuda Topco from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Ranger Bermuda Topco

A hedge fund recently bought a new position in Ranger Bermuda Topco stock. Advisory Services Network LLC purchased a new stake in shares of Ranger Bermuda Topco Ltd (NASDAQ:KG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 50,793 shares of the company’s stock, valued at approximately $520,000. Advisory Services Network LLC owned approximately 0.66% of Ranger Bermuda Topco at the end of the most recent quarter. Hedge funds and other institutional investors own 21.78% of the company’s stock.

About Ranger Bermuda Topco

Kestrel Group Ltd specializes in providing fronting services to insurance program managers, MGAs, reinsurers and reinsurance brokers. Kestrel Group Ltd, formerly known as Maiden Holdings Ltd., is based in DALLAS.