GSA Capital Partners LLP boosted its holdings in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 391.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,744 shares of the company's stock after purchasing an additional 94,580 shares during the period. GSA Capital Partners LLP owned about 0.53% of Ranger Energy Services worth $1,414,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Copeland Capital Management LLC bought a new position in Ranger Energy Services in the third quarter valued at $51,000. Ritholtz Wealth Management grew its position in Ranger Energy Services by 27.4% in the third quarter. Ritholtz Wealth Management now owns 61,655 shares of the company's stock valued at $734,000 after purchasing an additional 13,249 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Ranger Energy Services in the 3rd quarter valued at about $147,000. Aristides Capital LLC bought a new position in shares of Ranger Energy Services in the 2nd quarter valued at about $196,000. Finally, Magnolia Capital Advisors LLC bought a new position in shares of Ranger Energy Services in the 2nd quarter valued at about $5,337,000. Institutional investors own 68.10% of the company's stock.
Ranger Energy Services Price Performance
Ranger Energy Services stock traded down $0.26 during midday trading on Thursday, hitting $15.09. The company's stock had a trading volume of 31,207 shares, compared to its average volume of 121,262. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $15.57. The company has a 50-day moving average price of $12.61 and a two-hundred day moving average price of $11.47. The company has a market cap of $335.68 million, a price-to-earnings ratio of 23.24 and a beta of 0.49.
Ranger Energy Services (NYSE:RNGR - Get Free Report) last released its earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%. The firm had revenue of $153.00 million for the quarter. During the same period in the prior year, the business earned $0.38 earnings per share.
Ranger Energy Services Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, November 8th. Ranger Energy Services's dividend payout ratio is currently 30.30%.
Insider Activity at Ranger Energy Services
In related news, SVP J. Matt Hooker sold 7,803 shares of Ranger Energy Services stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $12.27, for a total transaction of $95,742.81. Following the sale, the senior vice president now directly owns 92,600 shares of the company's stock, valued at approximately $1,136,202. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by insiders.
Analyst Ratings Changes
Separately, Barclays raised their target price on shares of Ranger Energy Services from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Friday, August 16th.
Read Our Latest Research Report on Ranger Energy Services
Ranger Energy Services Company Profile
(
Free Report)
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.
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