Semanteon Capital Management LP Acquires New Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Semanteon Capital Management LP purchased a new position in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in RNGR. Quest Partners LLC increased its position in Ranger Energy Services by 24.4% in the third quarter. Quest Partners LLC now owns 3,687 shares of the company's stock worth $44,000 after buying an additional 723 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Ranger Energy Services by 17.2% during the 4th quarter. SG Americas Securities LLC now owns 14,417 shares of the company's stock worth $223,000 after acquiring an additional 2,114 shares during the period. AlphaQuest LLC increased its holdings in Ranger Energy Services by 77.1% in the 4th quarter. AlphaQuest LLC now owns 6,529 shares of the company's stock worth $101,000 after acquiring an additional 2,842 shares during the last quarter. Empowered Funds LLC raised its stake in Ranger Energy Services by 5.1% in the 4th quarter. Empowered Funds LLC now owns 130,625 shares of the company's stock valued at $2,022,000 after acquiring an additional 6,381 shares during the period. Finally, Globeflex Capital L P purchased a new stake in Ranger Energy Services during the fourth quarter valued at about $115,000. Institutional investors own 68.10% of the company's stock.

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Ranger Energy Services Price Performance

Shares of RNGR traded up $0.15 during trading hours on Tuesday, hitting $14.71. The company's stock had a trading volume of 115,460 shares, compared to its average volume of 108,969. The business has a 50 day simple moving average of $16.39 and a two-hundred day simple moving average of $14.92. Ranger Energy Services, Inc. has a 52-week low of $9.27 and a 52-week high of $18.45. The company has a market cap of $327.34 million, a price-to-earnings ratio of 22.29 and a beta of 0.56.

Ranger Energy Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.06 per share. This is a boost from Ranger Energy Services's previous quarterly dividend of $0.05. The ex-dividend date is Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.63%. Ranger Energy Services's payout ratio is presently 29.27%.

Insider Transactions at Ranger Energy Services

In related news, Director Brett T. Agee sold 13,343 shares of the business's stock in a transaction 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 sale, the director now directly owns 1,782,232 shares in the company, valued at approximately $25,878,008.64. The trade was a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 43,882 shares of company stock valued at $639,858 over the last three months. Company insiders own 3.00% of the company's stock.

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.