O Shaughnessy Asset Management LLC Boosts Stock Position in Ranger Energy Services, Inc. (NYSE:RNGR)

O Shaughnessy Asset Management LLC increased its holdings in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 42.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm 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 0.88% of Ranger Energy Services worth $3,041,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its stake in 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 purchasing an additional 2,114 shares during the last quarter. AlphaQuest LLC raised its holdings 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. Empowered Funds LLC lifted its holdings in shares of Ranger Energy Services by 5.1% in the 4th quarter. Empowered Funds LLC now owns 130,625 shares of the company's stock worth $2,022,000 after purchasing an additional 6,381 shares in the last quarter. Quantbot Technologies LP acquired a new position in Ranger Energy Services during the 4th quarter valued at about $103,000. Finally, Globeflex Capital L P purchased a new stake in shares of Ranger Energy Services in the fourth quarter valued at about $115,000. 68.10% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Brett T. Agee sold 13,343 shares of the stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 43,882 shares of company stock valued at $639,858 in the last quarter. Insiders own 3.00% of the company's stock.

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Ranger Energy Services Trading Down 10.7 %

Shares of NYSE:RNGR traded down $1.42 during mid-day trading on Friday, reaching $11.79. The company had a trading volume of 261,691 shares, compared to its average volume of 109,742. The firm has a market cap of $262.36 million, a price-to-earnings ratio of 17.86 and a beta of 0.27. Ranger Energy Services, Inc. has a one year low of $9.27 and a one year high of $18.45. The company's 50-day moving average price is $15.81 and its 200-day moving average price is $15.02.

Ranger Energy Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Ranger Energy Services's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 2.04%. Ranger Energy Services's payout ratio is currently 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.