Alliancebernstein L.P. Makes New $1.57 Million Investment in Ranger Energy Services, Inc. (NYSE:RNGR)

Alliancebernstein L.P. acquired a new position in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 101,400 shares of the company's stock, valued at approximately $1,570,000. Alliancebernstein L.P. owned 0.46% of Ranger Energy Services as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in RNGR. Meeder Asset Management Inc. bought a new stake in shares of Ranger Energy Services in the 4th quarter valued at about $26,000. AlphaQuest LLC increased its position in Ranger Energy Services by 77.1% during the 4th quarter. AlphaQuest LLC now owns 6,529 shares of the company's stock valued at $101,000 after buying an additional 2,842 shares in the last quarter. Quantbot Technologies LP bought a new position in Ranger Energy Services during the 4th quarter valued at approximately $103,000. Globeflex Capital L P purchased a new stake in Ranger Energy Services during the 4th quarter valued at $115,000. Finally, SG Americas Securities LLC boosted its stake 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 valued at $223,000 after purchasing an additional 2,114 shares during the last quarter. 68.10% of the stock is owned by institutional investors.

Ranger Energy Services Trading Up 1.3 %

RNGR traded up $0.16 during trading on Wednesday, hitting $12.60. 8,225 shares of the company's stock traded hands, compared to its average volume of 109,448. The company's 50 day simple moving average is $14.46 and its two-hundred day simple moving average is $15.02. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $18.45. The stock has a market capitalization of $280.39 million, a price-to-earnings ratio of 19.09 and a beta of 0.27.

Ranger Energy Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.90%. This is a positive change from Ranger Energy Services's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, March 14th. Ranger Energy Services's dividend payout ratio is currently 29.27%.

Insider Buying and Selling at Ranger Energy Services

In other news, Director Brett T. Agee sold 13,343 shares of Ranger Energy Services stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $14.52, for a total value of $193,740.36. Following the transaction, the director now owns 1,782,232 shares of the company's stock, valued at $25,878,008.64. The trade was a 0.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 43,882 shares of company stock valued at $639,858 in the last three months. 2.80% of the stock is currently owned by corporate insiders.

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.