Foundry Partners LLC Trims Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Foundry Partners LLC decreased 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 13F filing 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 about 1.66% of Ranger Energy Services worth $5,240,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in Ranger Energy Services by 20.0% during the first quarter. Victory Capital Management Inc. now owns 47,659 shares of the company's stock worth $676,000 after buying an additional 7,958 shares in the last quarter. CWM LLC lifted its holdings in Ranger Energy Services by 28.3% during the first quarter. CWM LLC now owns 5,850 shares of the company's stock valued at $83,000 after purchasing an additional 1,289 shares in the last quarter. Rhumbline Advisers lifted its holdings in 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 purchasing an additional 1,906 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Ranger Energy Services by 1,523.0% during the first quarter. GAMMA Investing LLC now owns 7,563 shares of the company's stock valued at $107,000 after purchasing an additional 7,097 shares in the last quarter. Finally, PharVision Advisers LLC purchased a new position in Ranger Energy Services during the fourth quarter valued at $245,000. Institutional investors and hedge funds own 68.10% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler started coverage on shares of Ranger Energy Services in a research note on Monday, July 14th. They issued a "neutral" rating and a $13.00 price target on the stock.

Ranger Energy Services Stock Performance

Ranger Energy Services stock traded up $0.16 during trading hours on Tuesday, reaching $11.70. 132,254 shares of the stock were exchanged, compared to its average volume of 132,809. The stock has a market cap of $263.23 million, a P/E ratio of 13.31 and a beta of 0.38. Ranger Energy Services, Inc. has a 52-week low of $10.56 and a 52-week high of $18.45. The firm's 50 day moving average is $11.90 and its 200 day moving average is $13.83.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.10). The firm had revenue of $135.20 million for the quarter, compared to analysts' expectations of $137.50 million. Ranger Energy Services had a return on equity of 7.52% and a net margin of 3.48%.

Ranger Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.06 per share. 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 2.05%. Ranger Energy Services's dividend payout ratio (DPR) 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.