Dimensional Fund Advisors LP Boosts Stake in Ranger Energy Services, Inc. (NYSE:RNGR)

Dimensional Fund Advisors LP increased its holdings in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,034,476 shares of the company's stock after buying an additional 75,088 shares during the quarter. Dimensional Fund Advisors LP owned 4.65% of Ranger Energy Services worth $16,013,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Barclays PLC raised its position in shares of Ranger Energy Services by 82.9% in the 3rd quarter. Barclays PLC now owns 33,404 shares of the company's stock worth $398,000 after acquiring an additional 15,139 shares in the last quarter. Ritholtz Wealth Management raised its position in Ranger Energy Services by 58.2% in the 4th 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 last quarter. SG Americas Securities LLC boosted its stake in shares of Ranger Energy Services by 17.2% in the 4th quarter. SG Americas Securities LLC now owns 14,417 shares of the company's stock worth $223,000 after buying an additional 2,114 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Ranger Energy Services by 5.1% during 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 during the period. Finally, Acuitas Investments LLC bought a new stake in Ranger Energy Services in the fourth quarter worth about $2,294,000. 68.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Brett T. Agee sold 13,343 shares of the company's stock in a transaction 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 completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 43,882 shares of company stock worth $639,858. 2.80% of the stock is owned by corporate insiders.

Ranger Energy Services Stock Up 1.3 %

RNGR traded up $0.15 during trading hours on Friday, hitting $11.31. The stock had a trading volume of 168,306 shares, compared to its average volume of 108,031. The stock has a market cap of $251.68 million, a PE ratio of 17.14 and a beta of 0.33. Ranger Energy Services, Inc. has a 1 year low of $9.57 and a 1 year high of $18.45. The company's fifty day simple moving average is $13.06 and its 200 day simple moving average is $14.97.

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

Ranger Energy Services Dividend Announcement

The business also recently disclosed 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. This represents a $0.24 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, May 9th. Ranger Energy Services's payout ratio is currently 27.27%.

Ranger Energy Services 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.