Millennium Management LLC purchased a new stake in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 30,831 shares of the company's stock, valued at approximately $477,000. Millennium Management LLC owned about 0.14% of Ranger Energy Services at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Royce & Associates LP increased its position in Ranger Energy Services by 5.8% during the fourth quarter. Royce & Associates LP now owns 1,038,772 shares of the company's stock worth $16,080,000 after acquiring an additional 56,774 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Ranger Energy Services by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,034,476 shares of the company's stock worth $16,013,000 after purchasing an additional 75,088 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Ranger Energy Services by 12.4% during the fourth quarter. American Century Companies Inc. now owns 408,927 shares of the company's stock worth $6,330,000 after purchasing an additional 45,074 shares during the period. Bridgeway Capital Management LLC raised its position in shares of Ranger Energy Services by 1.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 377,231 shares of the company's stock valued at $5,840,000 after buying an additional 4,381 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Ranger Energy Services by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 355,976 shares of the company's stock valued at $5,511,000 after buying an additional 4,183 shares in the last quarter. Institutional investors and hedge funds own 68.10% of the company's stock.
Ranger Energy Services Price Performance
NYSE:RNGR traded up $0.29 during trading hours on Tuesday, reaching $12.62. 315,208 shares of the company were exchanged, compared to its average volume of 116,768. The business has a 50 day moving average of $11.74 and a 200 day moving average of $14.50. Ranger Energy Services, Inc. has a 1-year low of $9.68 and a 1-year high of $18.45. The company has a market capitalization of $283.92 million, a P/E ratio of 19.12 and a beta of 0.34.
Ranger Energy Services (NYSE:RNGR - Get Free Report) last released its 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 return on equity of 5.54% and a net margin of 2.54%. The company had revenue of $135.20 million for the quarter, compared to analyst estimates of $137.50 million.
Ranger Energy Services Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, May 9th. Ranger Energy Services's dividend payout ratio (DPR) is presently 27.27%.
Insider Buying and Selling
In related news, Director Brett T. Agee sold 13,343 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $14.52, for a total value of $193,740.36. Following the sale, the director now directly owns 1,782,232 shares of the company's stock, valued at $25,878,008.64. This trade represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 43,443 shares of company stock worth $633,492. Corporate insiders own 2.80% of the company's stock.
About Ranger Energy Services
(
Free Report)
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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