Two Sigma Investments LP Buys 28,965 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

Two Sigma Investments LP raised its holdings in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 60.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,056 shares of the company's stock after purchasing an additional 28,965 shares during the quarter. Two Sigma Investments LP owned approximately 0.35% of Ranger Energy Services worth $1,193,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RNGR. Meeder Asset Management Inc. bought a new stake in Ranger Energy Services in the fourth quarter valued at about $26,000. Wells Fargo & Company MN increased its holdings in Ranger Energy Services by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,195 shares of the company's stock valued at $142,000 after purchasing an additional 2,003 shares during the last quarter. SG Americas Securities LLC increased its holdings in Ranger Energy Services by 17.2% in the fourth quarter. SG Americas Securities LLC now owns 14,417 shares of the company's stock valued at $223,000 after purchasing an additional 2,114 shares during the last quarter. AlphaQuest LLC increased its holdings in Ranger Energy Services by 77.1% in the fourth quarter. AlphaQuest LLC now owns 6,529 shares of the company's stock valued at $101,000 after purchasing an additional 2,842 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Ranger Energy Services by 7.6% in the fourth quarter. Invesco Ltd. now owns 52,470 shares of the company's stock valued at $812,000 after purchasing an additional 3,711 shares during the last quarter. Institutional investors own 68.10% of the company's stock.

Insider Activity at Ranger Energy Services

In related news, Director Brett T. Agee sold 30,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $14.61, for a total transaction of $438,300.00. Following the sale, the director now owns 1,803,539 shares of the company's stock, valued at $26,349,704.79. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 43,882 shares of company stock valued at $639,858. Insiders own 2.80% of the company's stock.

Ranger Energy Services Stock Up 3.4%

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

Ranger Energy Services (NYSE:RNGR - Get Free Report) last posted 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 net margin of 2.54% and a return on equity of 5.54%. The business 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 given a dividend of $0.06 per share. The ex-dividend date was Friday, May 9th. This represents a $0.24 annualized dividend and a yield of 2.00%. Ranger Energy Services's dividend payout ratio (DPR) is presently 27.27%.

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.