EntryPoint Capital LLC Purchases New Shares in Ranger Energy Services, Inc. (NYSE:RNGR)

EntryPoint Capital LLC purchased a new position in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 19,876 shares of the company's stock, valued at approximately $308,000. EntryPoint Capital LLC owned 0.09% of Ranger Energy Services as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Quest Partners LLC lifted its stake in Ranger Energy Services by 24.4% in the third quarter. Quest Partners LLC now owns 3,687 shares of the company's stock valued at $44,000 after buying an additional 723 shares during the period. SG Americas Securities LLC increased its stake in Ranger Energy Services by 17.2% in the fourth 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 in the last quarter. AlphaQuest LLC raised its holdings in shares of Ranger Energy Services by 77.1% during the fourth quarter. AlphaQuest LLC now owns 6,529 shares of the company's stock valued at $101,000 after purchasing an additional 2,842 shares during the period. Empowered Funds LLC boosted its position in shares of Ranger Energy Services by 5.1% during the 4th quarter. Empowered Funds LLC now owns 130,625 shares of the company's stock worth $2,022,000 after purchasing an additional 6,381 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Ranger Energy Services in the 4th quarter valued at about $103,000. 68.10% of the stock is owned by institutional investors.

Remove Ads

Ranger Energy Services Trading Up 1.0 %

RNGR stock traded up $0.14 during trading on Tuesday, reaching $14.33. 104,786 shares of the stock were exchanged, compared to its average volume of 109,048. The firm's 50 day moving average is $16.08 and its 200 day moving average is $15.02. The firm has a market cap of $318.80 million, a P/E ratio of 21.71 and a beta of 0.56. Ranger Energy Services, Inc. has a twelve month low of $9.27 and a twelve month high of $18.45.

Ranger Energy Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.68%. 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 presently 29.27%.

Insider Buying and Selling

In related news, Director Brett T. Agee sold 13,343 shares of the company'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 sale, the director now owns 1,782,232 shares in the company, valued at $25,878,008.64. This represents a 0.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 43,882 shares of company stock worth $639,858 in the last ninety days. Corporate insiders own 3.00% of the company's stock.

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.