Ranger Energy Services, Inc. (NYSE:RNGR) Stock Holdings Lifted by Trexquant Investment LP

Trexquant Investment LP raised its position in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 605.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,110 shares of the company's stock after buying an additional 67,901 shares during the period. Trexquant Investment LP owned approximately 0.36% of Ranger Energy Services worth $1,225,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Meeder Asset Management Inc. bought a new position in Ranger Energy Services during the fourth quarter worth $26,000. AlphaQuest LLC raised its stake in Ranger Energy Services by 77.1% during the fourth 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 period. Quantbot Technologies LP acquired a new position in Ranger Energy Services in the fourth quarter valued at approximately $103,000. Globeflex Capital L P acquired a new stake in shares of Ranger Energy Services during the 4th quarter worth approximately $115,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Ranger Energy Services by 17.2% in the 4th quarter. SG Americas Securities LLC now owns 14,417 shares of the company's stock worth $223,000 after purchasing an additional 2,114 shares during the last quarter. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Ranger Energy Services Stock Up 2.4 %

NYSE RNGR traded up $0.29 during trading hours on Wednesday, hitting $12.47. The company had a trading volume of 5,975 shares, compared to its average volume of 109,994. The business has a fifty day simple moving average of $14.94 and a 200-day simple moving average of $15.00. The firm has a market cap of $277.49 million, a P/E ratio of 18.89 and a beta of 0.27. Ranger Energy Services, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $18.45.

Ranger Energy Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Ranger Energy Services's previous quarterly dividend of $0.05. Ranger Energy Services's payout ratio is 29.27%.

Insider Buying and Selling at Ranger Energy Services

In other Ranger Energy Services news, Director Brett T. Agee sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $14.61, for a total value of $438,300.00. Following the completion of the sale, the director now directly owns 1,803,539 shares in the company, valued at $26,349,704.79. This represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 43,882 shares of company stock valued at $639,858 in the last quarter. Corporate 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.