GSA Capital Partners LLP Decreases Position in Ranger Energy Services, Inc. (NYSE:RNGR)

GSA Capital Partners LLP reduced its stake in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 49.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,336 shares of the company's stock after selling 49,934 shares during the period. GSA Capital Partners LLP owned 0.23% of Ranger Energy Services worth $728,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Ranger Energy Services in the fourth quarter valued at approximately $65,000. 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 valued at $83,000 after buying an additional 1,289 shares during the period. Deutsche Bank AG purchased a new stake in shares of Ranger Energy Services in the fourth quarter valued at about $92,000. GAMMA Investing LLC lifted its position in Ranger Energy Services by 1,523.0% in 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 during the period. Finally, Wells Fargo & Company MN increased its position in Ranger Energy Services by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,195 shares of the company's stock worth $142,000 after purchasing an additional 2,003 shares during the period. Hedge funds and other institutional investors 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 report on Monday, July 14th. They set a "neutral" rating and a $13.00 price objective on the stock.

Ranger Energy Services Trading Down 5.1%

Shares of RNGR opened at $12.71 on Friday. The company has a 50-day moving average of $12.18 and a two-hundred day moving average of $13.62. The stock has a market cap of $285.98 million, a P/E ratio of 12.84 and a beta of 0.43. Ranger Energy Services, Inc. has a 12-month low of $10.56 and a 12-month high of $18.45.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.32 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $140.60 million for the quarter, compared to analysts' expectations of $141.70 million.

Ranger Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, August 8th. Ranger Energy Services's dividend payout ratio is 24.24%.

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.

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