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In a recent transaction, Warburg Pincus, a notable private equity firm, sold a significant portion of its holdings in Ring Energy, Inc. (AMEX:REI). The sale, which took place on February 24, 2025, involved 6,575,000 shares of Ring Energy’s common stock at a price of $1.23 per share, amounting to a total value of approximately $8.1 million. The stock currently trades at $412.66, having gained nearly 10% over the past year.
Following this transaction, Warburg Pincus retains ownership of 28,945,643 shares of Ring Energy. These shares are held indirectly through various entities associated with Warburg Pincus, as detailed in the footnotes of the SEC filing.
Warburg Pincus, known for its strategic investments in energy and transportation sectors, continues to maintain a substantial stake in Ring Energy, even after the recent sale. The firm has long been recognized as a significant player in the private equity market, with a diverse portfolio spanning multiple industries. Ring Energy’s stock has shown resilience, trading between $350.08 and $445.42 over the past 52 weeks, with a positive YTD return of 3.54%. For detailed analysis and exclusive insights on Ring Energy’s valuation and growth prospects, visit InvestingPro.
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