Man Group plc Makes New $887,000 Investment in Ranger Energy Services, Inc. (NYSE:RNGR)

Man Group plc purchased a new position in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 57,285 shares of the company's stock, valued at approximately $887,000. Man Group plc owned 0.26% of Ranger Energy Services as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Ranger Energy Services by 502.5% during the 4th quarter. JPMorgan Chase & Co. now owns 42,153 shares of the company's stock worth $653,000 after acquiring an additional 35,157 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Ranger Energy Services by 7.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,034,476 shares of the company's stock valued at $16,013,000 after buying an additional 75,088 shares during the period. Inspire Advisors LLC acquired a new position in shares of Ranger Energy Services in the 4th quarter valued at about $411,000. BNP Paribas Financial Markets lifted its holdings in shares of Ranger Energy Services by 916.2% in the 4th quarter. BNP Paribas Financial Markets now owns 36,348 shares of the company's stock valued at $563,000 after buying an additional 32,771 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Ranger Energy Services by 17.2% in the 4th quarter. SG Americas Securities LLC now owns 14,417 shares of the company's stock valued at $223,000 after buying an additional 2,114 shares during the period. Institutional investors and hedge funds own 68.10% of the company's stock.

Ranger Energy Services Stock Up 0.8%

Shares of RNGR stock traded up $0.09 on Thursday, hitting $10.87. The company had a trading volume of 46,668 shares, compared to its average volume of 121,453. The firm has a market cap of $244.55 million, a P/E ratio of 16.47 and a beta of 0.33. The company has a 50-day moving average price of $12.25 and a 200-day moving average price of $14.76. Ranger Energy Services, Inc. has a twelve month low of $9.57 and a twelve month high of $18.45.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.05 earnings per share (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 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.24 annualized dividend and a dividend yield of 2.21%. Ranger Energy Services's dividend payout ratio is presently 27.27%.

Insider Activity at Ranger Energy Services

In related news, Director Brett T. Agee sold 30,000 shares of Ranger Energy Services stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $14.61, for a total value of $438,300.00. Following the completion of the transaction, the director now owns 1,803,539 shares in the company, valued at $26,349,704.79. The trade was a 1.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 43,882 shares of company stock worth $639,858 in the last 90 days. Corporate insiders own 2.80% of the company's stock.

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.