Squarepoint Ops LLC Takes Position in Ranger Energy Services, Inc. (NYSE:RNGR)

Squarepoint Ops LLC bought a new position in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,707 shares of the company's stock, valued at approximately $429,000. Squarepoint Ops LLC owned 0.12% of Ranger Energy Services at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in Ranger Energy Services by 17.2% in the 4th quarter. SG Americas Securities LLC now owns 14,417 shares of the company's stock valued at $223,000 after acquiring an additional 2,114 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Ranger Energy Services by 5.1% in the 4th quarter. Empowered Funds LLC now owns 130,625 shares of the company's stock worth $2,022,000 after purchasing an additional 6,381 shares in the last quarter. Acuitas Investments LLC acquired a new stake in Ranger Energy Services during the fourth quarter valued at approximately $2,294,000. Bailard Inc. bought a new stake in Ranger Energy Services during the fourth quarter worth approximately $338,000. Finally, Raymond James Financial Inc. bought a new stake in Ranger Energy Services during the fourth quarter worth approximately $318,000. 68.10% of the stock is owned by institutional investors.

Ranger Energy Services Stock Performance

Shares of NYSE RNGR traded up $0.40 during trading on Friday, hitting $12.03. The company had a trading volume of 223,586 shares, compared to its average volume of 115,788. Ranger Energy Services, Inc. has a 52 week low of $9.68 and a 52 week high of $18.45. The business's 50-day moving average is $11.79 and its 200 day moving average is $14.53. The company has a market cap of $270.54 million, a P/E ratio of 18.22 and a beta of 0.34.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $137.50 million.

Ranger Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.06 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.24 dividend on an annualized basis and a yield of 2.00%. Ranger Energy Services's dividend payout ratio is currently 27.27%.

Insiders Place Their Bets

In other news, Director Brett T. Agee sold 30,000 shares of Ranger Energy Services stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $14.61, for a total value of $438,300.00. Following the transaction, the director now directly owns 1,803,539 shares of the company's stock, valued at $26,349,704.79. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders have sold 43,882 shares of company stock worth $639,858. Company insiders own 2.80% of the company's stock.

About Ranger Energy Services

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.