Millennium Management LLC Takes $477,000 Position in Ranger Energy Services, Inc. (NYSE:RNGR)

Millennium Management LLC bought a new stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 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.

Other institutional investors have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. bought a new stake in Ranger Energy Services in the 4th quarter valued at about $3,756,000. Acuitas Investments LLC bought a new stake in shares of Ranger Energy Services during the fourth quarter valued at approximately $2,294,000. Prudential Financial Inc. boosted its position in shares of Ranger Energy Services by 102.4% during the fourth quarter. Prudential Financial Inc. now owns 219,222 shares of the company's stock worth $3,394,000 after buying an additional 110,907 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Ranger Energy Services by 54.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 288,805 shares of the company's stock worth $4,471,000 after buying an additional 102,313 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in Ranger Energy Services in the 4th quarter valued at approximately $1,570,000. Institutional investors own 68.10% of the company's stock.

Ranger Energy Services Stock Up 0.9%

Ranger Energy Services stock traded up $0.12 during mid-day trading on Friday, hitting $12.86. 289,591 shares of the company's stock traded hands, compared to its average volume of 118,674. Ranger Energy Services, Inc. has a one year low of $9.68 and a one year high of $18.45. The firm has a 50 day moving average price of $11.78 and a 200 day moving average price of $14.45. The company has a market cap of $289.32 million, a PE ratio of 19.49 and a beta of 0.34.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.10). The company had revenue of $135.20 million for the quarter, compared to the consensus estimate of $137.50 million. Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%.

Ranger Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, May 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.87%. Ranger Energy Services's dividend payout ratio is presently 27.27%.

Insiders Place Their Bets

In other news, Director Brett T. Agee sold 13,343 shares of Ranger Energy Services stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $14.52, for a total value of $193,740.36. Following the transaction, the director now owns 1,782,232 shares of the company's stock, valued at $25,878,008.64. The trade was a 0.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.80% of the stock is currently owned by insiders.

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.