Raymond James Financial Inc. Purchases New Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Raymond James Financial Inc. purchased a new stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 20,516 shares of the company's stock, valued at approximately $318,000. Raymond James Financial Inc. owned 0.09% of Ranger Energy Services as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bailard Inc. bought a new position in Ranger Energy Services in the 4th quarter worth about $338,000. Acuitas Investments LLC bought a new position in shares of Ranger Energy Services in the fourth quarter worth approximately $2,294,000. Empowered Funds LLC increased its position in shares of Ranger Energy Services by 5.1% in the fourth 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 during the last quarter. SG Americas Securities LLC raised its stake in Ranger Energy Services by 17.2% in the fourth quarter. SG Americas Securities LLC now owns 14,417 shares of the company's stock valued at $223,000 after purchasing an additional 2,114 shares in the last quarter. Finally, Ritholtz Wealth Management grew its stake in Ranger Energy Services by 58.2% in the 4th quarter. Ritholtz Wealth Management now owns 97,559 shares of the company's stock worth $1,510,000 after buying an additional 35,904 shares in the last quarter. 68.10% of the stock is owned by hedge funds and other institutional investors.

Ranger Energy Services Trading Up 0.3 %

Shares of Ranger Energy Services stock traded up $0.04 on Tuesday, hitting $12.29. 7,135 shares of the company traded hands, compared to its average volume of 110,177. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $18.45. The company has a market cap of $273.49 million, a P/E ratio of 18.63 and a beta of 0.27. The firm's 50-day simple moving average is $15.03 and its 200 day simple moving average is $15.02.

Ranger Energy Services Increases Dividend

The company also recently announced 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 represents a $0.24 annualized dividend and a yield of 1.95%. This is a positive change from Ranger Energy Services's previous quarterly dividend of $0.05. Ranger Energy Services's dividend payout ratio is currently 29.27%.

Insider Transactions at Ranger Energy Services

In other news, Director Brett T. Agee sold 13,343 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $14.52, for a total transaction of $193,740.36. Following the completion of the sale, the director now 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 43,882 shares of company stock worth $639,858. 3.00% of the stock is currently owned by insiders.

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.