Inspire Advisors LLC Buys New Shares in Ranger Energy Services, Inc. (NYSE:RNGR)

Inspire Advisors LLC bought a new stake in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,556 shares of the company's stock, valued at approximately $411,000. Inspire Advisors LLC owned approximately 0.12% of Ranger Energy Services at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC increased 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 purchasing an additional 723 shares during the period. AlphaQuest LLC raised its stake in Ranger Energy Services by 77.1% during the 4th quarter. AlphaQuest LLC now owns 6,529 shares of the company's stock valued at $101,000 after acquiring an additional 2,842 shares during 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 period. Raymond James Financial Inc. purchased a new position in shares of Ranger Energy Services in the 4th quarter valued at approximately $318,000. Finally, Bailard Inc. acquired a new stake in shares of Ranger Energy Services during the fourth quarter worth $338,000. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Ranger Energy Services Stock Down 6.1 %

NYSE:RNGR traded down $0.90 during midday trading on Thursday, reaching $13.91. The stock had a trading volume of 94,504 shares, compared to its average volume of 111,605. The stock has a market cap of $309.45 million, a P/E ratio of 21.08 and a beta of 0.56. The firm has a fifty day simple moving average of $16.70 and a two-hundred day simple moving average of $14.77. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $18.45.

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Ranger Energy Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.73%. 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 payout ratio is currently 29.27%.

Insiders Place Their Bets

In other Ranger Energy Services news, Director Brett T. Agee sold 19,209 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $15.30, for a total value of $293,897.70. Following the completion of the transaction, the director now directly owns 1,843,999 shares of the company's stock, valued at approximately $28,213,184.70. This trade represents a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by insiders.

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.