Raffles Associates LP Sells 49,620 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

Raffles Associates LP lowered its position in Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 43.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,380 shares of the company's stock after selling 49,620 shares during the quarter. Ranger Energy Services comprises approximately 1.1% of Raffles Associates LP's portfolio, making the stock its 24th largest holding. Raffles Associates LP owned approximately 0.29% of Ranger Energy Services worth $1,012,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RNGR. Meeder Asset Management Inc. purchased a new stake in shares of Ranger Energy Services during the 4th quarter valued at $26,000. Quarry LP purchased a new stake in Ranger Energy Services during the fourth quarter valued at about $65,000. AlphaQuest LLC raised its position in Ranger Energy Services by 77.1% during 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 in the last quarter. Quantbot Technologies LP bought a new stake in Ranger Energy Services during the fourth quarter worth about $103,000. Finally, Globeflex Capital L P bought a new position in shares of Ranger Energy Services during the 4th quarter valued at about $115,000. Institutional investors own 68.10% of the company's stock.

Insider Activity

In other news, Director Brett T. Agee sold 13,343 shares of the stock in a transaction that occurred on 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 sale, the director now owns 1,782,232 shares of the company's stock, valued at approximately $25,878,008.64. This represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 43,882 shares of company stock valued at $639,858. 2.80% of the stock is currently owned by insiders.

Ranger Energy Services Stock Performance

NYSE:RNGR traded up $0.86 during mid-day trading on Friday, reaching $12.33. The stock had a trading volume of 233,218 shares, compared to its average volume of 107,832. The stock has a market capitalization of $274.27 million, a P/E ratio of 18.67 and a beta of 0.33. The firm has a 50 day moving average price of $13.56 and a two-hundred day moving average price of $15.00. Ranger Energy Services, Inc. has a one year low of $9.27 and a one year high of $18.45.

Ranger Energy Services (NYSE:RNGR - Get Free Report) last posted its quarterly earnings results 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 return on equity of 5.54% and a net margin of 2.54%. The business had revenue of $135.20 million for the quarter, compared to analysts' expectations of $137.50 million.

Ranger Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, May 9th. This represents a $0.24 annualized dividend and a yield of 1.95%. Ranger Energy Services's payout ratio is 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.