Ranger's Strategic Q1 Moves
Ranger Investment Management Expands Tech Holdings, Trims Energy in Diverse Q1 Moves
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Key Points
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Beyond the PDF Solutions stake increase, other major investors expanded or opened new positions in the stock in Q1, notably Legato Capital Management increasing to 53,530 shares (up 96.4%), Lisanti Capital Growth taking a new stake, and Louisiana State Employees Retirement System opening a new position.
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Paylocity coverage saw diversified target setting by analysts: Robert W. Baird issued a $193.00 price target, while Truist Financial trimmed its target to $165.00 with a Buy rating, and Barclays raised its target to $128.00 with an equal weight view.
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In Permian Resources, EVP Guy M. Oliphint sold 62,769 shares on May 21 at an average price of $20.44, disclosed in an SEC filing, while Arrowstreet Capital Limited Partnership opened a new position in the quarter valued at about $121.0 million.
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Willdan Group saw insider activity as CEO Michael A. Bieber sold 56,676 shares on May 14 at $91.58 per share (approx. $5.19 million), with insiders collectively owning about 5.6% of the stock.
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UL Solutions attracted notable increases in institutional stakes from multiple banks and managers, including RBC rising 119.5% to 143,431 shares and Goldman Sachs increasing 104.3% to 460,160 shares, with UBS Asset Management up 11.9% to 123,771 shares; BNP Paribas Exane also initiated coverage with a neutral rating and a $95 price target.
Ranger Investment Management L.P. made sweeping moves across US stocks in the first quarter, raising bets on some companies while cutting others. The firm boosted its stake in PDF Solutions by 9.4% to 1,279,630 shares — making it the fund's third-largest position — while slashing its Permian Resources holdings by 38.3%, according to Ticker Report and Watchlist News.
The moves show a firm actively reshaping its portfolio. Ranger added new positions, trimmed others, and drew attention alongside major institutions like Goldman Sachs and RBC that were also shifting money across the same stocks.
PDF Solutions Becomes Ranger's Third-Largest Bet
Ranger added roughly 110,000 shares of PDF Solutions in Q1, bringing its total to 1,279,630 shares worth about $41.9 million, per Ticker Report. That made PDF Solutions the fund's third-largest position. Ranger was not alone. Legato Capital Management nearly doubled its stake, rising 96.4% to 53,530 shares. Louisiana State Employees Retirement System also opened a brand-new position in the stock.
Lisanti Capital Growth likewise took a fresh stake in PDF Solutions during the quarter. The wave of institutional buying signals growing confidence in the semiconductor process control company among money managers.
Paylocity Draws Mixed Analyst Targets as Ranger Buys In
Ranger grew its Paylocity stake by 5.7% to 182,925 shares, worth around $19.8 million, according to Ticker Report. The human resources software firm saw a split picture from Wall Street analysts. Robert W. Baird set a $193.00 price target. Truist Financial trimmed its target to $165.00 but kept a Buy rating. Barclays was more cautious, raising its target only to $128.00 with an equal weight view.
Ranger Cuts Permian Resources While Insiders Sell Too
Ranger sold 540,724 shares of Permian Resources during Q1, cutting its position by 38.3% to 872,005 shares worth roughly $18.6 million, per Ticker Report. The trim came alongside insider selling. EVP Guy M. Oliphint sold 62,769 shares on May 21 at an average price of $20.44, a move disclosed in an SEC filing.
Not everyone was stepping back. Arrowstreet Capital Limited Partnership opened a brand-new position in Permian Resources during Q1, valued at about $121.0 million. That kind of large institutional buy shows the stock still has serious believers even as Ranger pulled back.
UL Solutions and Willdan Highlight Ranger's New Positions
Ranger expanded its UL Solutions stake by 8.5%, adding 35,096 shares to reach 446,930 total, worth about $38.3 million, according to Ticker Report. Other big names piled in too. RBC grew its UL Solutions stake by 119.5% to 143,431 shares. Goldman Sachs increased its position by 104.3% to 460,160 shares. BNP Paribas Exane started coverage with a neutral rating and a $95 price target.
Ranger also opened a fresh position in Willdan Group, buying 46,435 shares worth around $3.56 million, per Watchlist News. But insiders were selling. CEO Michael A. Bieber sold 56,676 shares on May 14 at $91.58 per share, totaling about $5.19 million. Insiders now own roughly 5.6% of Willdan's stock.
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