Man Group plc Purchases New Stake in Ranger Energy Services, Inc. (NYSE:RNGR)

Man Group plc purchased a new stake in Ranger Energy Services, Inc. (NYSE:RNGR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 57,285 shares of the company’s stock, valued at approximately $887,000.

Other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of Ranger Energy Services in the fourth quarter valued at approximately $26,000. Quarry LP purchased a new stake in shares of Ranger Energy Services in the fourth quarter valued at approximately $65,000. Deutsche Bank AG purchased a new stake in shares of Ranger Energy Services in the fourth quarter valued at approximately $92,000. AlphaQuest LLC boosted its stake in shares of Ranger Energy Services by 77.1% in the fourth quarter. AlphaQuest LLC now owns 6,529 shares of the company’s stock valued at $101,000 after buying an additional 2,842 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Ranger Energy Services during the fourth quarter worth $103,000. 68.10% of the stock is currently owned by hedge funds and other institutional investors.

Ranger Energy Services Stock Performance

RNGR opened at $10.98 on Friday. The business’s fifty day moving average is $12.45 and its two-hundred day moving average is $14.85. The company has a market cap of $246.92 million, a price-to-earnings ratio of 16.63 and a beta of 0.33. Ranger Energy Services, Inc. has a one year low of $9.57 and a one year high of $18.45.

Ranger Energy Services (NYSE:RNGR) last posted 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). The firm had revenue of $135.20 million for the quarter, compared to analysts’ expectations of $137.50 million. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%.

Ranger Energy Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a dividend of $0.06 per share. The ex-dividend date was Friday, May 9th. This represents a $0.24 dividend on an annualized basis and a yield of 2.19%. Ranger Energy Services’s payout ratio is 27.27%.

Insiders Place Their Bets

In other news, Director Brett T. Agee sold 13,343 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $14.52, for a total value of $193,740.36. Following the sale, the director now directly owns 1,782,232 shares in the company, valued at $25,878,008.64. This represents a 0.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 43,882 shares of company stock worth $639,858. 2.80% of the stock is owned by corporate insiders.

Ranger Energy Services 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.