Semanteon Capital Management LP bought a new position in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,562 shares of the company's stock, valued at approximately $287,000. Semanteon Capital Management LP owned about 0.08% of Ranger Energy Services at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC raised its position in shares of Ranger Energy Services by 15.0% in the third quarter. Empowered Funds LLC now owns 124,244 shares of the company's stock valued at $1,480,000 after purchasing an additional 16,178 shares during the period. Quest Partners LLC grew its stake in Ranger Energy Services by 24.4% in the 3rd quarter. Quest Partners LLC now owns 3,687 shares of the company's stock valued at $44,000 after buying an additional 723 shares during the last quarter. Foundry Partners LLC raised its holdings in 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 acquiring an additional 41,321 shares during the period. JB Capital Partners LP lifted its position in Ranger Energy Services by 46.3% during the 3rd quarter. JB Capital Partners LP now owns 36,576 shares of the company's stock worth $434,000 after acquiring an additional 11,576 shares during the last quarter. Finally, State Street Corp boosted its holdings in Ranger Energy Services by 2.5% during the third quarter. State Street Corp now owns 323,244 shares of the company's stock valued at $3,850,000 after acquiring an additional 8,008 shares during the period. Institutional investors and hedge funds own 68.10% of the company's stock.
Insider Activity
In other news, Director Brett T. Agee sold 30,000 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $14.61, for a total transaction of $438,300.00. Following the completion of the transaction, the director now owns 1,803,539 shares of the company's stock, valued at approximately $26,349,704.79. This represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 43,882 shares of company stock valued at $639,858. 3.00% of the stock is owned by company insiders.
Ranger Energy Services Price Performance
Shares of NYSE RNGR traded up $0.09 during trading hours on Wednesday, hitting $14.80. 79,621 shares of the company's stock were exchanged, compared to its average volume of 108,810. The company's 50-day moving average price is $16.39 and its 200-day moving average price is $14.92. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $18.45. The stock has a market capitalization of $329.37 million, a price-to-earnings ratio of 22.43 and a beta of 0.56.
Ranger Energy Services Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Ranger Energy Services's previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.62%. Ranger Energy Services's payout ratio is 29.27%.
Ranger Energy Services Profile
(
Free Report)
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.
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