Foundry Partners LLC Reduces Stock Position in Ranger Energy Services, Inc. (NYSE:RNGR)

Foundry Partners LLC trimmed its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 10.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 369,276 shares of the company's stock after selling 45,259 shares during the quarter. Foundry Partners LLC owned 1.66% of Ranger Energy Services worth $5,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of RNGR. Victory Capital Management Inc. lifted its stake in shares of Ranger Energy Services by 20.0% during the 1st quarter. Victory Capital Management Inc. now owns 47,659 shares of the company's stock valued at $676,000 after buying an additional 7,958 shares in the last quarter. CWM LLC increased its stake in 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 acquiring an additional 1,289 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Ranger Energy Services by 8.5% during the first quarter. Rhumbline Advisers now owns 24,277 shares of the company's stock valued at $344,000 after buying an additional 1,906 shares during the last quarter. GAMMA Investing LLC boosted its position in Ranger Energy Services by 1,523.0% during the 1st quarter. GAMMA Investing LLC now owns 7,563 shares of the company's stock valued at $107,000 after acquiring an additional 7,097 shares in the last quarter. Finally, PharVision Advisers LLC acquired a new position in Ranger Energy Services in the 4th quarter worth approximately $245,000. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Piper Sandler initiated coverage on Ranger Energy Services in a report on Monday, July 14th. They set a "neutral" rating and a $13.00 price objective on the stock.

Ranger Energy Services Trading Up 5.9%

NYSE:RNGR traded up $0.69 during trading hours on Wednesday, hitting $12.36. 51,883 shares of the stock traded hands, compared to its average volume of 133,122. The firm has a 50 day moving average price of $11.90 and a 200 day moving average price of $13.83. Ranger Energy Services, Inc. has a fifty-two week low of $10.56 and a fifty-two week high of $18.45. The firm has a market cap of $278.12 million, a price-to-earnings ratio of 14.09 and a beta of 0.38.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last announced 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). The business 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 3.48% and a return on equity of 7.52%.

Ranger Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.94%. Ranger Energy Services's dividend 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.