Cubist Systematic Strategies LLC Acquires Shares of 57,471 Ranger Energy Services, Inc. (NYSE:RNGR)

Cubist Systematic Strategies LLC bought a new position in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 57,471 shares of the company's stock, valued at approximately $890,000. Cubist Systematic Strategies LLC owned 0.26% of Ranger Energy Services at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Ranger Energy Services during the fourth quarter valued at about $26,000. Quarry LP acquired a new stake in shares of Ranger Energy Services during the fourth quarter valued at about $65,000. AlphaQuest LLC grew its holdings 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 purchasing an additional 2,842 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Ranger Energy Services in the fourth quarter valued at approximately $103,000. Finally, Globeflex Capital L P acquired a new position in shares of Ranger Energy Services in the fourth quarter valued at approximately $115,000. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ranger Energy Services

In other Ranger Energy Services news, Director Brett T. Agee sold 13,343 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 of the company's stock, valued at approximately $25,878,008.64. This represents a 0.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders sold 43,882 shares of company stock worth $639,858. Corporate insiders own 2.80% of the company's stock.

Ranger Energy Services Price Performance

Shares of RNGR stock traded up $0.06 during trading on Tuesday, reaching $11.22. The company's stock had a trading volume of 12,615 shares, compared to its average volume of 108,112. The company has a market capitalization of $252.41 million, a price-to-earnings ratio of 16.95 and a beta of 0.33. The stock's 50-day moving average price is $12.69 and its 200 day moving average price is $14.94. Ranger Energy Services, Inc. has a 1-year low of $9.57 and a 1-year high of $18.45.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.10). The business had revenue of $135.20 million during the quarter, compared to analyst estimates 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Friday, May 9th. Ranger Energy Services's dividend payout ratio (DPR) is currently 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.