Acadian Asset Management LLC Buys 26,076 Shares of Ranger Energy Services, Inc. $RNGR

Key Points

• Acadian Asset Management LLC increased its stake in Ranger Energy Services by 9.8%, acquiring an additional 26,076 shares during Q1, bringing its total ownership to around 291,632 shares valued at approximately $4.14 million.
• Ranger Energy Services recently reported earnings of $0.32 EPS for the quarter, exceeding analysts' expectations of $0.24, though revenue of $140.6 million fell slightly short of the expected $141.7 million.
• The company declared a quarterly dividend of $0.06 per share, representing an annualized yield of 1.8%, with a payout ratio currently at 24.24%.

Acadian Asset Management LLC raised its stake in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 9.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 291,632 shares of the company's stock after acquiring an additional 26,076 shares during the period. Acadian Asset Management LLC owned approximately 1.30% of Ranger Energy Services worth $4,135,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. US Bancorp DE purchased a new position in shares of Ranger Energy Services in the 1st quarter worth $25,000. Pinnacle Holdings LLC purchased a new position in shares of Ranger Energy Services in the 1st quarter worth $29,000. CWM LLC grew its stake in shares of Ranger Energy Services by 28.3% in the 1st quarter. CWM LLC now owns 5,850 shares of the company's stock worth $83,000 after buying an additional 1,289 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of Ranger Energy Services during the 4th quarter worth about $92,000. Finally, GAMMA Investing LLC boosted its stake in shares of Ranger Energy Services by 1,523.0% during the 1st quarter. GAMMA Investing LLC now owns 7,563 shares of the company's stock worth $107,000 after purchasing an additional 7,097 shares during the period. 68.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on RNGR shares. Wall Street Zen raised shares of Ranger Energy Services from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Piper Sandler started coverage on shares of Ranger Energy Services in a research note on Monday, July 14th. They set a "neutral" rating and a $13.00 price target for the company. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $13.00.

Insider Activity

In other Ranger Energy Services news, Director Brett T. Agee sold 11,147 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $12.63, for a total value of $140,786.61. Following the completion of the transaction, the director owned 1,070,552 shares of the company's stock, valued at approximately $13,521,071.76. This trade represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 24,285 shares of company stock valued at $309,184 over the last three months. Company insiders own 2.80% of the company's stock.

Ranger Energy Services Stock Down 2.5%

NYSE:RNGR opened at $13.64 on Monday. Ranger Energy Services, Inc. has a 52 week low of $10.56 and a 52 week high of $18.45. The firm has a 50 day moving average of $12.98 and a 200 day moving average of $12.77. The stock has a market capitalization of $297.96 million, a price-to-earnings ratio of 13.78 and a beta of 0.45.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.08. Ranger Energy Services had a net margin of 3.92% and a return on equity of 8.36%. The company had revenue of $140.60 million during the quarter, compared to analysts' expectations of $141.70 million.

Ranger Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.8%. Ranger Energy Services's dividend payout ratio (DPR) is currently 24.24%.

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.

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