Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) Director Brett T. Agee sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $14.61, for a total transaction of $438,300.00. Following the completion of the transaction, the director now owns 1,803,539 shares in the company, valued at approximately $26,349,704.79. This represents a 1.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Ranger Energy Services Stock Up 2.0 %
Shares of NYSE RNGR traded up $0.28 during midday trading on Friday, hitting $14.23. The stock had a trading volume of 116,131 shares, compared to its average volume of 111,073. The business's 50 day moving average is $16.61 and its 200-day moving average is $14.80. The company has a market cap of $316.52 million, a P/E ratio of 21.56 and a beta of 0.56. Ranger Energy Services, Inc. has a 52 week low of $9.27 and a 52 week high of $18.45.
Ranger Energy Services Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.69%. This is a boost from Ranger Energy Services's previous quarterly dividend of $0.05. The ex-dividend date is Friday, March 14th. Ranger Energy Services's payout ratio is presently 29.27%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in RNGR. GSA Capital Partners LLP raised its holdings in shares of Ranger Energy Services by 391.4% during the third quarter. GSA Capital Partners LLP now owns 118,744 shares of the company's stock valued at $1,414,000 after purchasing an additional 94,580 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Ranger Energy Services by 5.9% during the third quarter. Royce & Associates LP now owns 981,998 shares of the company's stock valued at $11,696,000 after purchasing an additional 54,737 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Ranger Energy Services by 15.0% during the third quarter. Empowered Funds LLC now owns 124,244 shares of the company's stock valued at $1,480,000 after purchasing an additional 16,178 shares during the last quarter. Quest Partners LLC increased 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 valued at $44,000 after buying an additional 723 shares during the last quarter. Finally, Foundry Partners LLC increased its holdings in Ranger Energy Services by 10.1% during the third quarter. Foundry Partners LLC now owns 450,897 shares of the company's stock valued at $5,370,000 after buying an additional 41,321 shares during the last quarter. 68.10% of the stock is owned by hedge funds and other institutional investors.
Ranger Energy Services Company Profile
(
Get 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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