GSA Capital Partners LLP Sells 49,934 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

Key Points

• GSA Capital Partners LLP cut its stake in Ranger Energy Services by 49.3%, leaving it with 51,336 shares valued at approximately $728,000.
• Ranger Energy Services reported a quarterly EPS of $0.32, surpassing analyst expectations, but its revenue of $140.6 million fell short of the projected $141.7 million.
• The company recently announced a $0.06 quarterly dividend, which will yield 1.9% annually, with the ex-dividend date set for August 8th.

GSA Capital Partners LLP reduced its holdings in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 49.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,336 shares of the company's stock after selling 49,934 shares during the period. GSA Capital Partners LLP owned about 0.23% of Ranger Energy Services worth $728,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Millennium Management LLC bought a new position in Ranger Energy Services during the 4th quarter valued at about $477,000. Two Sigma Investments LP raised its stake in shares of Ranger Energy Services by 60.2% in the fourth quarter. Two Sigma Investments LP now owns 77,056 shares of the company's stock worth $1,193,000 after acquiring an additional 28,965 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Ranger Energy Services in the fourth quarter worth about $429,000. BNP Paribas Financial Markets raised its stake in shares of Ranger Energy Services by 916.2% in the fourth quarter. BNP Paribas Financial Markets now owns 36,348 shares of the company's stock worth $563,000 after acquiring an additional 32,771 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Ranger Energy Services in the fourth quarter worth about $92,000. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Ranger Energy Services Stock Down 2.8%

NYSE RNGR traded down $0.36 during trading on Wednesday, reaching $12.68. 51,690 shares of the stock traded hands, compared to its average volume of 158,566. The firm has a market cap of $285.30 million, a price-to-earnings ratio of 12.81 and a beta of 0.43. The stock's 50-day moving average price is $12.25 and its 200 day moving average price is $13.55. Ranger Energy Services, Inc. has a fifty-two week low of $10.56 and a fifty-two week high of $18.45.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.08. The firm had revenue of $140.60 million during the quarter, compared to analysts' expectations of $141.70 million. Ranger Energy Services had a net margin of 3.92% and a return on equity of 8.36%.

Ranger Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend 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.