Hillsdale Investment Management Inc. Takes Position in Ranger Energy Services, Inc. (NYSE:RNGR)

Hillsdale Investment Management Inc. bought a new stake in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 242,650 shares of the company's stock, valued at approximately $3,756,000. Hillsdale Investment Management Inc. owned 1.09% of Ranger Energy Services at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC raised 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 during the last quarter. SG Americas Securities LLC increased its position in shares of Ranger Energy Services by 17.2% during the fourth 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 in the last quarter. AlphaQuest LLC increased its position 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 worth $101,000 after acquiring an additional 2,842 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Ranger Energy Services by 5.1% in the 4th quarter. Empowered Funds LLC now owns 130,625 shares of the company's stock worth $2,022,000 after acquiring an additional 6,381 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Ranger Energy Services in the 4th quarter valued at about $103,000. 68.10% of the stock is owned by institutional investors.

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Insider Activity at Ranger Energy Services

In related 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 transaction of $193,740.36. Following the transaction, the director now directly owns 1,782,232 shares in the company, valued at approximately $25,878,008.64. The trade was a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 43,882 shares of company stock valued at $639,858. 3.00% of the stock is owned by insiders.

Ranger Energy Services Stock Performance

RNGR traded up $0.04 during midday trading on Thursday, reaching $14.88. 60,400 shares of the company were exchanged, compared to its average volume of 108,232. The company has a market cap of $331.01 million, a price-to-earnings ratio of 22.54 and a beta of 0.56. Ranger Energy Services, Inc. has a one year low of $9.27 and a one year high of $18.45. The company's fifty day moving average price is $16.34 and its 200 day moving average price is $14.92.

Ranger Energy Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, March 14th. This represents a $0.24 annualized dividend and a yield of 1.61%. This is an increase from Ranger Energy Services's previous quarterly dividend of $0.05. Ranger Energy Services's dividend payout ratio is 29.27%.

Ranger Energy Services Company 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.