Quantbot Technologies LP Invests $103,000 in Ranger Energy Services, Inc. (NYSE:RNGR)

Quantbot Technologies LP purchased a new stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,628 shares of the company’s stock, valued at approximately $103,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of RNGR. AlphaQuest LLC lifted its position in shares of 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 purchasing an additional 2,842 shares during the period. Globeflex Capital L P bought a new position in Ranger Energy Services in the fourth quarter worth about $115,000. SG Americas Securities LLC lifted its holdings in Ranger Energy Services by 17.2% in the fourth quarter. SG Americas Securities LLC now owns 14,417 shares of the company’s stock worth $223,000 after buying an additional 2,114 shares during the period. Semanteon Capital Management LP bought a new stake in Ranger Energy Services during the 4th quarter valued at approximately $287,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Ranger Energy Services during the 4th quarter worth approximately $318,000. Institutional investors own 68.10% of the company’s stock.

Insider Transactions at Ranger Energy Services

In other news, Director Brett T. Agee sold 13,343 shares of Ranger Energy Services stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $14.52, for a total transaction of $193,740.36. Following the completion of the transaction, the director now directly owns 1,782,232 shares in the company, valued at approximately $25,878,008.64. This trade represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 43,882 shares of company stock valued at $639,858 in the last three months. 3.00% of the stock is currently owned by company insiders.

Ranger Energy Services Stock Down 0.8 %

RNGR opened at $14.15 on Tuesday. Ranger Energy Services, Inc. has a 52 week low of $9.27 and a 52 week high of $18.45. The stock has a market cap of $314.88 million, a PE ratio of 21.44 and a beta of 0.56. The business has a 50 day moving average of $16.15 and a 200-day moving average of $15.00.

Ranger Energy Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.06 per share. The ex-dividend date was Friday, March 14th. This represents a $0.24 annualized dividend and a yield of 1.70%. This is a positive change from Ranger Energy Services’s previous quarterly dividend of $0.05. Ranger Energy Services’s dividend payout ratio (DPR) is currently 29.27%.

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.