Brett T. Agee Sells 13,343 Shares of Ranger Energy Services, Inc. (NYSE:RNGR) Stock

Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) Director Brett T. Agee sold 13,343 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was 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 of the company's stock, valued at approximately $25,878,008.64. This represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ranger Energy Services Price Performance

Shares of Ranger Energy Services stock traded up $0.38 during trading on Monday, reaching $14.53. 83,720 shares of the company traded hands, compared to its average volume of 110,144. The company has a 50 day moving average price of $16.47 and a 200-day moving average price of $14.88. The firm has a market capitalization of $323.22 million, a PE ratio of 22.01 and a beta of 0.56. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $18.45.

Ranger Energy Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.65%. 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 presently 29.27%.

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Institutional Trading of Ranger Energy Services

Several institutional investors and hedge funds have recently modified their holdings of the business. Royce & Associates LP increased its stake in shares of Ranger Energy Services by 5.8% in the fourth quarter. Royce & Associates LP now owns 1,038,772 shares of the company's stock worth $16,080,000 after buying an additional 56,774 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Ranger Energy Services by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,034,476 shares of the company's stock valued at $16,013,000 after acquiring an additional 75,088 shares in the last quarter. Foundry Partners LLC grew its holdings in shares of 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. American Century Companies Inc. increased its holdings in shares of Ranger Energy Services by 12.4% in the 4th quarter. American Century Companies Inc. now owns 408,927 shares of the company's stock worth $6,330,000 after purchasing an additional 45,074 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of Ranger Energy Services by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 377,231 shares of the company's stock valued at $5,840,000 after acquiring an additional 4,381 shares during the last quarter. Hedge funds and other institutional investors own 68.10% of the company's stock.

About Ranger Energy Services

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.