12,730 Shares in Ranger Energy Services, Inc. (NYSE:RNGR) Purchased by Algert Global LLC

Algert Global LLC purchased a new position in Ranger Energy Services, Inc. (NYSE:RNGR) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 12,730 shares of the company’s stock, valued at approximately $197,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new position in Ranger Energy Services in the fourth quarter valued at $26,000. Quarry LP purchased a new position in shares of Ranger Energy Services in the 4th quarter worth about $65,000. AlphaQuest LLC lifted its stake 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 valued at $101,000 after purchasing an additional 2,842 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Ranger Energy Services during the 4th quarter worth about $103,000. Finally, Globeflex Capital L P acquired a new stake in Ranger Energy Services during the 4th quarter worth approximately $115,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Stock Up 1.0%

Shares of RNGR stock opened at $12.03 on Wednesday. Ranger Energy Services, Inc. has a fifty-two week low of $9.57 and a fifty-two week high of $18.45. The firm’s 50 day moving average price is $12.94 and its two-hundred day moving average price is $14.96. The stock has a market cap of $267.70 million, a price-to-earnings ratio of 18.23 and a beta of 0.33.

Ranger Energy Services (NYSE:RNGR) last issued its earnings results on Tuesday, April 29th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%. The business had revenue of $135.20 million during the quarter, compared to analysts’ expectations of $137.50 million.

Ranger Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Friday, May 9th. Ranger Energy Services’s dividend payout ratio (DPR) is presently 27.27%.

Insiders Place Their Bets

In other news, Director Brett T. Agee sold 13,343 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $14.52, for a total value of $193,740.36. Following the completion of the sale, the director now 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 43,882 shares of company stock worth $639,858 over the last quarter. 2.80% of the stock is owned by corporate insiders.

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.