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

D. E. Shaw & Co. Inc. purchased a new stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 44,394 shares of the company's stock, valued at approximately $687,000. D. E. Shaw & Co. Inc. owned approximately 0.20% of Ranger Energy Services at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RNGR. Meeder Asset Management Inc. bought a new position in Ranger Energy Services in the fourth quarter valued at $26,000. Quarry LP purchased a new stake in Ranger Energy Services during the fourth quarter valued at about $65,000. AlphaQuest LLC boosted its position in Ranger Energy Services by 77.1% during the fourth quarter. AlphaQuest LLC now owns 6,529 shares of the company's stock valued at $101,000 after buying an additional 2,842 shares during the period. Quantbot Technologies LP purchased a new stake in Ranger Energy Services during the fourth quarter valued at about $103,000. Finally, Globeflex Capital L P purchased a new stake in Ranger Energy Services during the fourth quarter valued at about $115,000. Hedge funds and other institutional investors own 68.10% of the company's stock.

Insiders Place Their Bets

In other news, Director Brett T. Agee sold 13,343 shares of Ranger Energy Services stock in a transaction 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 transaction, the director now owns 1,782,232 shares in the company, valued at $25,878,008.64. This trade represents a 0.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 43,882 shares of company stock valued at $639,858. Company insiders own 2.80% of the company's stock.

Ranger Energy Services Price Performance

NYSE RNGR traded down $0.33 during trading on Wednesday, hitting $10.84. 56,538 shares of the company's stock traded hands, compared to its average volume of 109,828. The stock has a fifty day moving average of $12.31 and a two-hundred day moving average of $14.79. Ranger Energy Services, Inc. has a 12-month low of $9.57 and a 12-month high of $18.45. The firm has a market cap of $243.77 million, a P/E ratio of 16.42 and a beta of 0.33.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last posted its quarterly earnings results 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). Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%. The business had revenue of $135.20 million for the quarter, compared to analysts' expectations of $137.50 million.

Ranger Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, May 9th. Ranger Energy Services's dividend payout ratio (DPR) is currently 27.27%.

Ranger Energy Services Company 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.