Royce & Associates LP Acquires 56,774 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

Royce & Associates LP increased its position in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,038,772 shares of the company's stock after buying an additional 56,774 shares during the quarter. Royce & Associates LP owned 4.67% of Ranger Energy Services worth $16,080,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in RNGR. Acuitas Investments LLC acquired a new stake in Ranger Energy Services during the fourth quarter valued at approximately $2,294,000. Foundry Partners LLC raised its position in Ranger Energy Services by 10.1% in the 3rd quarter. Foundry Partners LLC now owns 450,897 shares of the company's stock worth $5,370,000 after purchasing an additional 41,321 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Ranger Energy Services by 58.2% during the 4th quarter. Ritholtz Wealth Management now owns 97,559 shares of the company's stock worth $1,510,000 after acquiring an additional 35,904 shares during the period. Inspire Advisors LLC acquired a new stake in Ranger Energy Services during the 4th quarter worth $411,000. Finally, Bailard Inc. acquired a new stake in Ranger Energy Services during the 4th quarter worth $338,000. 68.10% of the stock is owned by institutional investors and hedge funds.

Ranger Energy Services Trading Up 0.3 %

Shares of RNGR stock traded up $0.04 on Thursday, hitting $14.50. The stock had a trading volume of 82,821 shares, compared to its average volume of 110,314. Ranger Energy Services, Inc. has a twelve month low of $9.27 and a twelve month high of $18.45. The firm has a market cap of $322.65 million, a P/E ratio of 21.97 and a beta of 0.56. The company has a fifty day moving average price of $16.52 and a two-hundred day moving average price of $14.83.

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Ranger Energy Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.06 dividend. This is a positive change from Ranger Energy Services's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.66%. Ranger Energy Services's payout ratio is 29.27%.

Insider Buying and Selling

In related news, Director Brett T. Agee sold 30,000 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $14.61, for a total value of $438,300.00. Following the completion of the transaction, the director now directly owns 1,803,539 shares of the company's stock, valued at approximately $26,349,704.79. This represents a 1.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 30,539 shares of company stock valued at $446,118. Company insiders own 2.00% of the company's stock.

Ranger Energy Services 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.