Royce & Associates LP Grows Position in Ranger Energy Services, Inc. (NYSE:RNGR)

Royce & Associates LP increased its holdings in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 5.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 981,998 shares of the company's stock after buying an additional 54,737 shares during the quarter. Royce & Associates LP owned about 4.41% of Ranger Energy Services worth $11,696,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RNGR. Magnolia Capital Advisors LLC acquired a new stake in Ranger Energy Services during the second quarter worth about $5,337,000. Gendell Jeffrey L grew its stake in shares of Ranger Energy Services by 409.6% during the 1st quarter. Gendell Jeffrey L now owns 538,190 shares of the company's stock worth $6,076,000 after purchasing an additional 432,570 shares during the period. Kestrel Investment Management Corp acquired a new stake in shares of Ranger Energy Services during the 2nd quarter worth approximately $1,551,000. AQR Capital Management LLC increased its holdings in shares of 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 purchasing an additional 112,634 shares in the last quarter. Finally, Foundry Partners LLC lifted its stake in shares of Ranger Energy Services by 36.3% in the 2nd quarter. Foundry Partners LLC now owns 409,576 shares of the company's stock valued at $4,309,000 after purchasing an additional 109,081 shares during the period. 68.10% of the stock is owned by hedge funds and other institutional investors.

Ranger Energy Services Price Performance

NYSE RNGR traded down $0.22 during trading hours on Friday, reaching $15.10. The company's stock had a trading volume of 249,146 shares, compared to its average volume of 123,918. The firm has a market capitalization of $335.98 million, a price-to-earnings ratio of 22.88 and a beta of 0.49. The company's 50-day moving average is $12.75 and its two-hundred day moving average is $11.55. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $15.57.

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

Ranger Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, November 8th. Ranger Energy Services's payout ratio is 30.30%.

Wall Street Analyst Weigh In

Separately, Barclays raised their price target on shares of Ranger Energy Services from $12.00 to $13.00 and gave the company an "equal weight" rating in a research report on Friday, August 16th.

Insider Activity

In related news, SVP J. Matt Hooker sold 7,803 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $11.92, for a total value of $93,011.76. Following the completion of the transaction, the senior vice president now directly owns 100,403 shares of the company's stock, valued at approximately $1,196,803.76. This represents a 7.21 % 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. Company insiders own 3.00% of the company's stock.

Ranger Energy Services Company 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.