Ritholtz Wealth Management Boosts Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Ritholtz Wealth Management boosted its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 58.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,559 shares of the company's stock after acquiring an additional 35,904 shares during the quarter. Ritholtz Wealth Management owned 0.44% of Ranger Energy Services worth $1,510,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of RNGR. Encompass Capital Advisors LLC increased its stake in shares of Ranger Energy Services by 2.4% in the 2nd quarter. Encompass Capital Advisors LLC now owns 1,550,241 shares of the company's stock valued at $16,309,000 after purchasing an additional 36,946 shares in the last quarter. Royce & Associates LP grew its holdings in Ranger Energy Services by 5.9% in the third quarter. Royce & Associates LP now owns 981,998 shares of the company's stock valued at $11,696,000 after purchasing an additional 54,737 shares during the period. Dimensional Fund Advisors LP increased its position in shares of 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 buying an additional 107,853 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new position in shares of Ranger Energy Services during the 2nd quarter worth approximately $5,337,000. Finally, Foundry Partners LLC raised its stake in shares of Ranger Energy Services by 10.1% during 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 period. 68.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Brett T. Agee sold 61,905 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $16.67, for a total value of $1,031,956.35. Following the transaction, the director now owns 31,905 shares of the company's stock, valued at $531,856.35. This represents a 65.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brett T. Agee sold 91,488 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $16.68, for a total value of $1,526,019.84. Following the transaction, the director now owns 2,446,155 shares of the company's stock, valued at approximately $40,801,865.40. This represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 415,836 shares of company stock valued at $6,863,316. Insiders own 2.00% of the company's stock.

Ranger Energy Services Trading Down 0.3 %

NYSE:RNGR traded down $0.06 during trading hours on Friday, reaching $17.56. 128,435 shares of the company were exchanged, compared to its average volume of 116,877. The stock's 50-day moving average is $15.81 and its 200-day moving average is $13.34. Ranger Energy Services, Inc. has a twelve month low of $9.27 and a twelve month high of $17.90. The firm has a market cap of $390.71 million, a PE ratio of 26.61 and a beta of 0.54.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.29 by $0.10. The firm had revenue of $153.00 million during the quarter. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%. During the same quarter in the previous year, the firm posted $0.38 earnings per share.

Ranger Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.05 per share. The ex-dividend date was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 1.14%. Ranger Energy Services's payout ratio is 30.30%.

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.