Foundry Partners LLC Lowers Stake in Ranger Energy Services, Inc. (NYSE:RNGR)

Foundry Partners LLC decreased its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 414,535 shares of the company's stock after selling 36,362 shares during the quarter. Foundry Partners LLC owned about 1.86% of Ranger Energy Services worth $6,417,000 at the end of the most recent quarter.

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

Insider Activity at Ranger Energy Services

In related news, Director Brett T. Agee sold 30,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $14.61, for a total value of $438,300.00. Following the completion of the sale, the director now directly owns 1,803,539 shares in the company, valued at $26,349,704.79. This trade represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 43,882 shares of company stock valued at $639,858. Insiders own 3.00% of the company's stock.

Ranger Energy Services Stock Up 0.2 %

RNGR stock traded up $0.03 during trading on Wednesday, reaching $11.33. The company's stock had a trading volume of 31,601 shares, compared to its average volume of 109,997. The company's fifty day moving average is $15.47 and its 200-day moving average is $15.00. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $18.45. The company has a market capitalization of $252.02 million, a P/E ratio of 17.08 and a beta of 0.27.

Ranger Energy Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.06 dividend. The ex-dividend date was Friday, March 14th. This is an increase from Ranger Energy Services's previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.12%. Ranger Energy Services's payout ratio is 29.27%.

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.