Raffles Associates LP trimmed its position in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 43.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,380 shares of the company's stock after selling 49,620 shares during the quarter. Ranger Energy Services comprises 1.1% of Raffles Associates LP's holdings, making the stock its 24th largest position. Raffles Associates LP owned approximately 0.29% of Ranger Energy Services worth $1,012,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of RNGR. Geode Capital Management LLC raised its position in Ranger Energy Services by 3.5% during the third quarter. Geode Capital Management LLC now owns 351,793 shares of the company's stock valued at $4,190,000 after acquiring an additional 11,921 shares in the last quarter. Barclays PLC increased its holdings in shares of Ranger Energy Services by 82.9% during the 3rd quarter. Barclays PLC now owns 33,404 shares of the company's stock valued at $398,000 after purchasing an additional 15,139 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Ranger Energy Services by 502.5% in the 4th quarter. JPMorgan Chase & Co. now owns 42,153 shares of the company's stock valued at $653,000 after purchasing an additional 35,157 shares during the period. Inspire Advisors LLC purchased a new stake in Ranger Energy Services during the fourth quarter worth $411,000. Finally, Ritholtz Wealth Management grew its position in Ranger Energy Services by 58.2% during the fourth quarter. Ritholtz Wealth Management now owns 97,559 shares of the company's stock valued at $1,510,000 after buying an additional 35,904 shares during the period. Institutional investors and hedge funds own 68.10% of the company's stock.
Insider Transactions at Ranger Energy Services
In other Ranger Energy Services news, Director Brett T. Agee sold 13,343 shares of the firm's 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 43,882 shares of company stock valued at $639,858 over the last ninety days. Insiders own 2.80% of the company's stock.
Ranger Energy Services Trading Down 3.2 %
Shares of Ranger Energy Services stock traded down $0.38 during trading hours on Tuesday, reaching $11.51. The stock had a trading volume of 51,910 shares, compared to its average volume of 118,831. The stock's 50 day moving average is $13.46 and its 200 day moving average is $15.02. Ranger Energy Services, Inc. has a twelve month low of $9.27 and a twelve month high of $18.45. The firm has a market capitalization of $256.18 million, a PE ratio of 17.51 and a beta of 0.33.
Ranger Energy Services (NYSE:RNGR - Get Free Report) last issued its quarterly 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). The business had revenue of $135.20 million for the quarter, compared to analysts' expectations of $137.50 million. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%.
Ranger Energy Services Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.24 annualized dividend and a dividend yield of 2.08%. Ranger Energy Services's dividend payout ratio (DPR) is presently 27.27%.
Ranger Energy Services Profile
(
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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