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

Two Sigma Investments LP lifted its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 60.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 77,056 shares of the company's stock after buying an additional 28,965 shares during the quarter. Two Sigma Investments LP owned about 0.35% of Ranger Energy Services worth $1,193,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insiders Place Their Bets

In other Ranger Energy Services news, Director Brett T. Agee sold 13,343 shares of Ranger Energy Services stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $14.52, for a total transaction of $193,740.36. Following the completion of the transaction, the director now owns 1,782,232 shares in the company, valued at approximately $25,878,008.64. The trade was a 0.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 43,882 shares of company stock worth $639,858. Insiders own 2.80% of the company's stock.

Ranger Energy Services Trading Up 3.4%

RNGR stock traded up $0.40 during trading on Friday, reaching $12.03. 223,586 shares of the stock were exchanged, compared to its average volume of 115,460. The firm's 50 day moving average is $11.83 and its 200 day moving average is $14.59. The firm has a market cap of $270.54 million, a P/E ratio of 18.22 and a beta of 0.33. Ranger Energy Services, Inc. has a twelve month low of $9.68 and a twelve month high of $18.45.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.05 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $135.20 million for the quarter, compared to the consensus estimate of $137.50 million.

Ranger Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend 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 (DPR) is presently 27.27%.

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.