20,516 Shares in Ranger Energy Services, Inc. (NYSE:RNGR) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,516 shares of the company’s stock, valued at approximately $318,000.

Several other large investors have also recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new position in Ranger Energy Services in the fourth quarter valued at about $26,000. AlphaQuest LLC grew 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 buying an additional 2,842 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Ranger Energy Services during the fourth quarter valued at approximately $103,000. Globeflex Capital L P purchased a new position in Ranger Energy Services in the fourth quarter worth $115,000. Finally, Wells Fargo & Company MN increased its position in shares of Ranger Energy Services by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,195 shares of the company’s stock worth $142,000 after purchasing an additional 2,003 shares in the last quarter. 68.10% of the stock is owned by institutional investors.

Insider Activity at Ranger Energy Services

In other Ranger Energy Services news, Director Brett T. Agee sold 30,000 shares of Ranger Energy Services stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $14.61, for a total transaction of $438,300.00. Following the completion of the sale, the director now directly owns 1,803,539 shares in the company, valued at approximately $26,349,704.79. The trade was a 1.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 43,882 shares of company stock valued at $639,858 in the last ninety days. Company insiders own 2.80% of the company’s stock.

Ranger Energy Services Price Performance

Ranger Energy Services stock opened at $11.31 on Friday. Ranger Energy Services, Inc. has a 1-year low of $9.57 and a 1-year high of $18.45. The business has a fifty day moving average price of $13.06 and a 200-day moving average price of $14.97. The stock has a market capitalization of $251.68 million, a price-to-earnings ratio of 17.14 and a beta of 0.33.

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

Ranger Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Friday, May 9th. Ranger Energy Services’s dividend payout ratio (DPR) is presently 27.27%.

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.