Bailard Inc. Takes Position in Ranger Energy Services, Inc. (NYSE:RNGR)

Bailard Inc. purchased a new position in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 21,850 shares of the company's stock, valued at approximately $338,000. Bailard Inc. owned approximately 0.10% of Ranger Energy Services as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quest Partners LLC grew its position in Ranger Energy Services by 24.4% during the 3rd quarter. Quest Partners LLC now owns 3,687 shares of the company's stock worth $44,000 after acquiring an additional 723 shares during the last quarter. SG Americas Securities LLC grew its position in Ranger Energy Services by 17.2% during the 4th quarter. SG Americas Securities LLC now owns 14,417 shares of the company's stock worth $223,000 after acquiring an additional 2,114 shares during the last quarter. Barclays PLC grew its position in Ranger Energy Services by 82.9% during the 3rd quarter. Barclays PLC now owns 33,404 shares of the company's stock worth $398,000 after acquiring an additional 15,139 shares during the last quarter. JB Capital Partners LP grew its position in Ranger Energy Services by 46.3% during the 3rd quarter. JB Capital Partners LP now owns 36,576 shares of the company's stock worth $434,000 after acquiring an additional 11,576 shares during the last quarter. Finally, GSA Capital Partners LLP grew its position in Ranger Energy Services by 391.4% during the 3rd quarter. GSA Capital Partners LLP now owns 118,744 shares of the company's stock worth $1,414,000 after acquiring an additional 94,580 shares during the last quarter. Institutional investors own 68.10% of the company's stock.

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Insider Buying and Selling

In other Ranger Energy Services news, Director Brett T. Agee sold 19,209 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $15.30, for a total value of $293,897.70. Following the sale, the director now owns 1,843,999 shares in the company, valued at approximately $28,213,184.70. The trade was a 1.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 71,729 shares of company stock worth $1,115,527 in the last 90 days. Insiders own 2.00% of the company's stock.

Ranger Energy Services Price Performance

RNGR stock traded up $0.03 during midday trading on Friday, reaching $14.57. 119,230 shares of the stock were exchanged, compared to its average volume of 111,812. The stock has a market capitalization of $324.02 million, a PE ratio of 22.07 and a beta of 0.56. Ranger Energy Services, Inc. has a 52 week low of $9.27 and a 52 week high of $18.45. The company has a fifty day moving average price of $16.75 and a 200 day moving average price of $14.69.

Ranger Energy Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.65%. This is a positive change from Ranger Energy Services's previous quarterly dividend of $0.05. Ranger Energy Services's payout ratio is currently 24.39%.

Ranger Energy Services Company Profile

Ranger Energy Services, Inc provides onshore high specification well service rigs, wireline services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services.