EAM Investors LLC Purchases New Stake in Ranger Energy Services, Inc. (NYSE:RNGR)

EAM Investors LLC bought a new position in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 57,169 shares of the company's stock, valued at approximately $885,000. EAM Investors LLC owned 0.26% of Ranger Energy Services at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Meeder Asset Management Inc. bought a new position in shares of Ranger Energy Services during the 4th quarter worth approximately $26,000. AlphaQuest LLC raised its stake in Ranger Energy Services by 77.1% during the fourth quarter. AlphaQuest LLC now owns 6,529 shares of the company's stock worth $101,000 after acquiring an additional 2,842 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Ranger Energy Services in the 4th quarter worth about $103,000. Globeflex Capital L P acquired a new stake in shares of Ranger Energy Services during the 4th quarter worth about $115,000. Finally, Wells Fargo & Company MN lifted its holdings in Ranger Energy Services by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,195 shares of the company's stock valued at $142,000 after purchasing an additional 2,003 shares during the last quarter. Institutional investors and hedge funds own 68.10% of the company's stock.

Ranger Energy Services Stock Up 0.8 %

NYSE:RNGR traded up $0.10 on Tuesday, reaching $12.40. The stock had a trading volume of 36,448 shares, compared to its average volume of 115,323. The company has a market capitalization of $275.83 million, a P/E ratio of 18.78 and a beta of 0.27. The stock has a fifty day moving average price of $14.56 and a 200-day moving average price of $15.03. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $18.45.

Ranger Energy Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.94%. This is a boost 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 (DPR) is currently 29.27%.

Insiders Place Their Bets

In other Ranger Energy Services news, Director Brett T. Agee sold 13,343 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $14.52, for a total value of $193,740.36. Following the completion of the transaction, the director now directly owns 1,782,232 shares of the company's stock, valued at approximately $25,878,008.64. The trade was a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 43,882 shares of company stock valued at $639,858. 2.80% of the stock is currently owned by corporate insiders.

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.