American Century Companies Inc. Buys 45,074 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

American Century Companies Inc. boosted its stake in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 408,927 shares of the company's stock after buying an additional 45,074 shares during the period. American Century Companies Inc. owned 1.84% of Ranger Energy Services worth $6,330,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RNGR. Quantbot Technologies LP bought a new position in shares of Ranger Energy Services during the fourth quarter valued at $103,000. Semanteon Capital Management LP purchased a new position in Ranger Energy Services in the fourth quarter worth about $287,000. Royce & Associates LP lifted its stake in shares of Ranger Energy Services by 5.8% in the fourth quarter. Royce & Associates LP now owns 1,038,772 shares of the company's stock worth $16,080,000 after buying an additional 56,774 shares in the last quarter. Globeflex Capital L P purchased a new stake in shares of Ranger Energy Services during the fourth quarter valued at approximately $115,000. Finally, Inspire Advisors LLC bought a new stake in shares of Ranger Energy Services during the fourth quarter valued at approximately $411,000. Hedge funds and other institutional investors own 68.10% of the company's stock.

Insider Activity

In other news, Director Brett T. Agee sold 30,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $14.61, for a total value of $438,300.00. Following the transaction, the director now owns 1,803,539 shares in the company, valued at $26,349,704.79. This represents a 1.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 43,882 shares of company stock valued at $639,858 over the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

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Ranger Energy Services Trading Down 1.6 %

RNGR stock traded down $0.19 during midday trading on Monday, hitting $11.60. The company's stock had a trading volume of 226,834 shares, compared to its average volume of 110,209. The firm's 50-day moving average is $15.81 and its 200-day moving average is $15.04. Ranger Energy Services, Inc. has a 12 month low of $9.27 and a 12 month high of $18.45. The company has a market cap of $258.16 million, a PE ratio of 17.58 and a beta of 0.27.

Ranger Energy Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.06 per share. This is an increase from Ranger Energy Services's previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, March 14th. Ranger Energy Services's dividend payout ratio is presently 29.27%.

Ranger Energy Services 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.