D. E. Shaw & Co. Inc. Takes $687,000 Position in Ranger Energy Services, Inc. (NYSE:RNGR)

D. E. Shaw & Co. Inc. 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 & Exchange Commission. The fund bought 44,394 shares of the company's stock, valued at approximately $687,000. D. E. Shaw & Co. Inc. owned 0.20% of Ranger Energy Services as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RNGR. Meeder Asset Management Inc. purchased a new stake in Ranger Energy Services in the 4th quarter worth approximately $26,000. Quarry LP acquired a new position in shares of Ranger Energy Services during the fourth quarter worth approximately $65,000. AlphaQuest LLC raised its stake in Ranger Energy Services by 77.1% during the 4th quarter. AlphaQuest LLC now owns 6,529 shares of the company's stock valued at $101,000 after purchasing an additional 2,842 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Ranger Energy Services in the 4th quarter worth approximately $103,000. Finally, Globeflex Capital L P acquired a new stake in shares of Ranger Energy Services during the 4th quarter valued at about $115,000. 68.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ranger Energy Services news, Director Brett T. Agee sold 13,343 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $14.52, for a total transaction of $193,740.36. Following the completion of the sale, the director now directly owns 1,782,232 shares in the company, valued at $25,878,008.64. This trade represents a 0.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 43,882 shares of company stock worth $639,858. 2.80% of the stock is owned by corporate insiders.

Ranger Energy Services Stock Performance

Shares of NYSE RNGR traded up $0.30 during midday trading on Thursday, reaching $11.08. 119,395 shares of the company traded hands, compared to its average volume of 109,954. The firm has a market cap of $249.35 million, a PE ratio of 16.79 and a beta of 0.33. Ranger Energy Services, Inc. has a 12 month low of $9.57 and a 12 month high of $18.45. The stock's 50-day simple moving average is $12.18 and its 200-day simple moving average is $14.73.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.10). Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%. The firm had revenue of $135.20 million during the quarter, compared to analyst estimates of $137.50 million.

Ranger Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Friday, May 9th. Ranger Energy Services's payout ratio is presently 27.27%.

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.