Arrowstreet Capital Limited Partnership Increases Stock Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Arrowstreet Capital Limited Partnership lifted its position in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 54.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 288,805 shares of the company's stock after purchasing an additional 102,313 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.30% of Ranger Energy Services worth $4,471,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RNGR. AlphaQuest LLC raised its position in shares of Ranger Energy Services by 77.1% during the 4th 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. Quantbot Technologies LP purchased a new position in Ranger Energy Services in the fourth quarter valued at approximately $103,000. Globeflex Capital L P acquired a new stake in Ranger Energy Services during the fourth quarter worth approximately $115,000. SG Americas Securities LLC lifted its position in shares of 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 buying an additional 2,114 shares during the last quarter. Finally, Semanteon Capital Management LP acquired a new position in shares of Ranger Energy Services in the 4th quarter valued at $287,000. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Brett T. Agee sold 13,343 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $14.52, for a total value of $193,740.36. Following the completion of the sale, the director now owns 1,782,232 shares in the company, valued at $25,878,008.64. This represents a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 43,882 shares of company stock valued at $639,858. Insiders own 3.00% of the company's stock.

Ranger Energy Services Trading Up 0.5 %

NYSE:RNGR traded up $0.06 during midday trading on Monday, hitting $12.31. 5,613 shares of the company were exchanged, compared to its average volume of 110,216. Ranger Energy Services, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $18.45. The company has a market capitalization of $273.93 million, a PE ratio of 18.49 and a beta of 0.27. The company has a fifty day simple moving average of $15.12 and a 200 day simple moving average of $15.02.

Ranger Energy Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.95%. This is a boost from Ranger Energy Services's previous quarterly dividend of $0.05. Ranger Energy Services's payout ratio is 29.27%.

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.