O Shaughnessy Asset Management LLC Purchases 58,234 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

O Shaughnessy Asset Management LLC boosted its position in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 42.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,423 shares of the company's stock after purchasing an additional 58,234 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.88% of Ranger Energy Services worth $3,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. AlphaQuest LLC boosted its stake in shares of Ranger Energy Services by 77.1% during the fourth quarter. AlphaQuest LLC now owns 6,529 shares of the company's stock valued at $101,000 after purchasing an additional 2,842 shares during the period. Quantbot Technologies LP purchased a new stake in Ranger Energy Services in the 4th quarter valued at about $103,000. Globeflex Capital L P bought a new position in Ranger Energy Services in the 4th quarter worth about $115,000. SG Americas Securities LLC increased its position in shares of Ranger Energy Services by 17.2% during the fourth 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. Finally, Semanteon Capital Management LP bought a new stake in shares of Ranger Energy Services during the fourth quarter valued at approximately $287,000. Hedge funds and other institutional investors own 68.10% of the company's stock.

Insider Activity

In related news, Director Brett T. Agee sold 30,000 shares of Ranger Energy Services stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $14.61, for a total transaction of $438,300.00. Following the transaction, the director now directly owns 1,803,539 shares of the company's stock, valued at $26,349,704.79. This trade represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 43,882 shares of company stock worth $639,858. Company insiders own 3.00% of the company's stock.

Ranger Energy Services Trading Up 2.7 %

Shares of NYSE RNGR traded up $0.31 during trading hours on Tuesday, reaching $11.94. The stock had a trading volume of 76,748 shares, compared to its average volume of 117,440. The business's fifty day moving average price is $15.70 and its two-hundred day moving average price is $15.04. The firm has a market cap of $265.70 million, a price-to-earnings ratio of 18.12 and a beta of 0.27. 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 company also recently declared 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. This is an increase from Ranger Energy Services's previous quarterly dividend of $0.05. 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 2.01%. Ranger Energy Services's dividend payout ratio is presently 29.27%.

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.