Magnolia Capital Advisors LLC Trims Stake in Ranger Energy Services, Inc. (NYSE:RNGR)

Magnolia Capital Advisors LLC reduced its stake in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 71.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,273 shares of the company's stock after selling 33,000 shares during the period. Magnolia Capital Advisors LLC owned 0.06% of Ranger Energy Services worth $205,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC boosted its position in Ranger Energy Services by 33.5% during the 2nd quarter. AQR Capital Management LLC now owns 449,028 shares of the company's stock valued at $4,724,000 after acquiring an additional 112,634 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Ranger Energy Services by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 903,789 shares of the company's stock valued at $9,508,000 after purchasing an additional 107,853 shares during the last quarter. GSA Capital Partners LLP raised its holdings in Ranger Energy Services by 391.4% in the third quarter. GSA Capital Partners LLP now owns 118,744 shares of the company's stock worth $1,414,000 after purchasing an additional 94,580 shares in the last quarter. Royce & Associates LP lifted its position in shares of Ranger Energy Services by 5.9% during the third quarter. Royce & Associates LP now owns 981,998 shares of the company's stock valued at $11,696,000 after buying an additional 54,737 shares during the last quarter. Finally, Foundry Partners LLC grew its position in shares of 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 buying an additional 41,321 shares during the last quarter. 68.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Ranger Energy Services news, Director Brett T. Agee sold 61,905 shares of the firm's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $16.67, for a total value of $1,031,956.35. Following the completion of the transaction, the director now owns 31,905 shares of the company's stock, valued at approximately $531,856.35. This trade represents a 65.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Brett T. Agee sold 8,236 shares of Ranger Energy Services stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $16.73, for a total transaction of $137,788.28. Following the sale, the director now owns 2,350,664 shares of the company's stock, valued at $39,326,608.72. The trade was a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 415,836 shares of company stock worth $6,863,316. Insiders own 2.00% of the company's stock.

Ranger Energy Services Stock Performance

NYSE:RNGR traded down $0.48 during midday trading on Thursday, reaching $16.48. 76,596 shares of the stock traded hands, compared to its average volume of 122,808. The stock has a market capitalization of $366.75 million, a PE ratio of 24.97 and a beta of 0.55. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $18.10. The business has a 50-day moving average of $16.13 and a two-hundred day moving average of $13.91.

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.