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Warburg Pincus, a prominent private equity firm, has recently sold a substantial portion of its holdings in Ring Energy, Inc. (AMEX:REI). According to a regulatory filing, Warburg Pincus divested 6,575,000 shares of common stock at a price of $1.23 per share, amounting to a total transaction value of approximately $8.1 million. The stock has shown resilience over the past year, delivering a nearly 10% return to investors.
Following the transaction, Warburg Pincus and its affiliated entities retain ownership of 28,945,643 shares in Ring Energy. The shares are held indirectly through various entities associated with Warburg Pincus, as outlined in the footnotes of the filing. The stock has been trading between $350.08 and $445.42 over the past 52 weeks, with a year-to-date return of 3.54%.
Ring Energy, a company engaged in crude petroleum and natural gas production, is listed on the American Stock Exchange under the ticker symbol REI. The transaction details were disclosed in a Form 4 filing with the Securities and Exchange Commission, dated February 26, 2025. For deeper insights into Ring Energy’s valuation and growth prospects, check out the comprehensive analysis available on InvestingPro, which includes exclusive ProTips and detailed financial metrics.
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