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Warburg Pincus, a significant shareholder in Ring Energy, Inc. (AMEX:REI), has divested a notable portion of its holdings in the company, according to a recent SEC filing. The private equity firm sold 6,575,000 shares of Ring Energy’s common stock at a price of $1.23 per share, resulting in total proceeds of approximately $8.1 million. The stock has shown resilience over the past year, delivering a nearly 10% return, while trading between $350.08 and $445.42 during the period.
Following this transaction, Warburg Pincus’s total stake in Ring Energy now stands at 28,945,643 shares. The shares are held indirectly through various Warburg Pincus entities, as detailed in the filing’s footnotes. These entities include Warburg Pincus Energy (E&P)-A, L.P., WP Energy Stronghold Holdings, L.P., and several others.
The filing was signed by Harsha Marti, an authorized signatory for Warburg Pincus, and was submitted to the SEC on February 26, 2025. The stock has gained 3.54% year-to-date, showing positive momentum despite recent institutional selling.
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