Susquehanna Fundamental Investments LLC purchased a new stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 32,412 shares of the company's stock, valued at approximately $502,000. Susquehanna Fundamental Investments LLC owned about 0.15% of Ranger Energy Services at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in RNGR. Geode Capital Management LLC raised its position in shares of Ranger Energy Services by 3.5% in the third quarter. Geode Capital Management LLC now owns 351,793 shares of the company's stock valued at $4,190,000 after buying an additional 11,921 shares in the last quarter. Barclays PLC increased its stake 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 valued at $398,000 after acquiring an additional 15,139 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Ranger Energy Services by 502.5% during the 4th quarter. JPMorgan Chase & Co. now owns 42,153 shares of the company's stock worth $653,000 after buying an additional 35,157 shares during the period. Inspire Advisors LLC bought a new position in shares of Ranger Energy Services in the fourth quarter valued at $411,000. Finally, Ritholtz Wealth Management increased its stake 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. Institutional investors own 68.10% of the company's stock.
Ranger Energy Services Price Performance
Shares of Ranger Energy Services stock traded down $0.22 on Wednesday, reaching $11.11. 94,472 shares of the company traded hands, compared to its average volume of 108,159. The firm has a market capitalization of $247.30 million, a PE ratio of 16.84 and a beta of 0.33. The company has a 50 day moving average of $13.36 and a 200 day moving average of $14.99. Ranger Energy Services, Inc. has a 52 week low of $9.27 and a 52 week high of $18.45.
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). The company had revenue of $135.20 million for the quarter, compared to the consensus estimate of $137.50 million. Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%.
Ranger Energy Services Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.24 dividend on an annualized basis and a yield of 2.16%. Ranger Energy Services's dividend payout ratio is presently 27.27%.
Insider Buying and Selling
In related news, Director Brett T. Agee sold 13,343 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $14.52, for a total value 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 $25,878,008.64. This trade represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 43,882 shares of company stock worth $639,858 in the last 90 days. 2.80% of the stock is owned by company insiders.
About Ranger Energy Services
(
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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