Bridgeway Capital Management LLC Sells 17,550 Shares of Ranger Energy Services, Inc. $RNGR

Key Points

• Bridgeway Capital Management LLC reduced its holdings in Ranger Energy Services by 4.7%, selling 17,550 shares and owning approximately 1.62% of the company, valued at over $5 million at the end of the most recent quarter.
• Shares of Ranger Energy Services recently saw a 4.1% increase in stock price, currently priced at $14.29, with a market capitalization of approximately $312 million.
• The company announced a quarterly dividend of $0.06, representing a 1.7% yield, with a payout ratio of 24.24% based on its earnings.

Bridgeway Capital Management LLC lowered its position in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 4.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 359,681 shares of the company's stock after selling 17,550 shares during the period. Bridgeway Capital Management LLC owned about 1.62% of Ranger Energy Services worth $5,104,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of RNGR. Wells Fargo & Company MN grew its holdings in shares of Ranger Energy Services by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,195 shares of the company's stock worth $142,000 after acquiring an additional 2,003 shares during the period. Raymond James Financial Inc. bought a new stake in Ranger Energy Services during the fourth quarter valued at about $318,000. Barclays PLC grew its holdings in Ranger Energy Services by 13.9% during the fourth quarter. Barclays PLC now owns 38,045 shares of the company's stock valued at $589,000 after purchasing an additional 4,641 shares during the period. Dimensional Fund Advisors LP grew its holdings in Ranger Energy Services by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,034,476 shares of the company's stock valued at $16,013,000 after purchasing an additional 75,088 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in Ranger Energy Services by 40.4% during the fourth quarter. Hsbc Holdings PLC now owns 20,804 shares of the company's stock valued at $321,000 after purchasing an additional 5,983 shares during the period. Institutional investors own 68.10% of the company's stock.

Ranger Energy Services Stock Up 4.1%

Shares of Ranger Energy Services stock opened at $14.29 on Friday. The stock's 50-day simple moving average is $12.79 and its 200-day simple moving average is $12.98. Ranger Energy Services, Inc. has a 52 week low of $10.56 and a 52 week high of $18.45. The company has a market capitalization of $312.07 million, a price-to-earnings ratio of 14.43 and a beta of 0.45.

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

Ranger Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, August 8th. Ranger Energy Services's payout ratio is presently 24.24%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RNGR. Piper Sandler began coverage on Ranger Energy Services in a report on Monday, July 14th. They set a "neutral" rating and a $13.00 price target for the company. Wall Street Zen lowered Ranger Energy Services from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 17th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Ranger Energy Services currently has a consensus rating of "Hold" and a consensus price target of $13.00.

Insider Activity at Ranger Energy Services

In other news, Director Brett T. Agee sold 11,147 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $12.63, for a total value of $140,786.61. Following the transaction, the director directly owned 1,070,552 shares in the company, valued at $13,521,071.76. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 24,285 shares of company stock valued at $309,184 in the last quarter. 2.80% of the stock is owned by 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.

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