Boston Partners Has $335,000 Stake in Ranger Energy Services, Inc. (NYSE:RNGR)

Boston Partners lessened its holdings in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 67.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,658 shares of the company's stock after selling 45,715 shares during the quarter. Boston Partners owned approximately 0.10% of Ranger Energy Services worth $335,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quest Partners LLC boosted its holdings in Ranger Energy Services by 24.4% during the third quarter. Quest Partners LLC now owns 3,687 shares of the company's stock worth $44,000 after buying an additional 723 shares in the last quarter. SG Americas Securities LLC lifted 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. AlphaQuest LLC lifted its position in shares of Ranger Energy Services by 77.1% during the 4th quarter. AlphaQuest LLC now owns 6,529 shares of the company's stock worth $101,000 after purchasing an additional 2,842 shares during the last quarter. Empowered Funds LLC raised its stake in Ranger Energy Services by 5.1% during the 4th quarter. Empowered Funds LLC now owns 130,625 shares of the company's stock valued at $2,022,000 after purchasing an additional 6,381 shares during the last quarter. Finally, Globeflex Capital L P bought a new stake in Ranger Energy Services in the 4th quarter valued at $115,000. Institutional investors and hedge funds own 68.10% of the company's stock.

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Insider Activity at Ranger Energy Services

In related news, Director Brett T. Agee sold 13,343 shares of Ranger Energy Services stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $14.52, for a total transaction of $193,740.36. Following the completion of the sale, the director now directly 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 ownership of the stock. 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 worth $639,858 over the last 90 days. Insiders own 3.00% of the company's stock.

Ranger Energy Services Stock Performance

Shares of NYSE RNGR traded up $0.04 during midday trading on Thursday, reaching $14.88. 60,400 shares of the company traded hands, compared to its average volume of 108,232. The firm has a market cap of $331.01 million, a PE ratio of 22.54 and a beta of 0.56. The stock's 50-day simple moving average is $16.34 and its 200-day simple moving average is $14.92. Ranger Energy Services, Inc. has a 12 month low of $9.27 and a 12 month high of $18.45.

Ranger Energy Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Ranger Energy Services's previous quarterly dividend of $0.05. Ranger Energy Services's dividend payout ratio is 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.