Foundry Partners LLC Reduces Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Foundry Partners LLC reduced its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 8.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 414,535 shares of the company's stock after selling 36,362 shares during the period. Foundry Partners LLC owned approximately 1.86% of Ranger Energy Services worth $6,417,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Trexquant Investment LP grew its stake in Ranger Energy Services by 605.8% during the 4th quarter. Trexquant Investment LP now owns 79,110 shares of the company's stock valued at $1,225,000 after purchasing an additional 67,901 shares during the last quarter. Geode Capital Management LLC increased its holdings in Ranger Energy Services by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 355,976 shares of the company's stock worth $5,511,000 after buying an additional 4,183 shares during the period. Alliancebernstein L.P. acquired a new stake in Ranger Energy Services during the 4th quarter valued at approximately $1,570,000. Meeder Asset Management Inc. purchased a new stake in Ranger Energy Services in the fourth quarter valued at $26,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Ranger Energy Services by 42.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 196,423 shares of the company's stock worth $3,041,000 after buying an additional 58,234 shares during the last quarter. 68.10% of the stock is owned by hedge funds and other institutional investors.

Ranger Energy Services Stock Down 1.6 %

Shares of NYSE RNGR traded down $0.19 during midday trading on Monday, reaching $11.60. 226,834 shares of the stock were exchanged, compared to its average volume of 110,209. The firm has a 50-day simple moving average of $15.81 and a two-hundred day simple moving average of $15.04. 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 $258.16 million, a price-to-earnings ratio of 17.58 and a beta of 0.27.

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Ranger Energy Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Ranger Energy Services's previous quarterly dividend of $0.05. Ranger Energy Services's payout ratio is currently 29.27%.

Insider Transactions at Ranger Energy Services

In related news, Director Brett T. Agee sold 13,343 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $14.52, for a total value of $193,740.36. Following the completion of the transaction, the director now directly owns 1,782,232 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Insiders sold a total of 43,882 shares of company stock valued at $639,858 in the last three months. 3.00% of the stock is currently owned by company insiders.

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.