Brett T. Agee Sells 13,343 Shares of Ranger Energy Services, Inc. (NYSE:RNGR) Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 13,343 shares of the 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 $25,878,008.64. This trade represents a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ranger Energy Services Stock Down 2.3 %

NYSE:RNGR opened at $14.17 on Friday. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $18.45. The firm has a market capitalization of $315.33 million, a price-to-earnings ratio of 21.47 and a beta of 0.56. The stock has a fifty day simple moving average of $16.47 and a 200 day simple moving average of $14.84.

Ranger Energy Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.06 dividend. This is a positive change from Ranger Energy Services’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.69%. Ranger Energy Services’s dividend payout ratio (DPR) is 29.27%.

Hedge Funds Weigh In On Ranger Energy Services

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP boosted its position in shares of Ranger Energy Services by 5.8% in the 4th quarter. Royce & Associates LP now owns 1,038,772 shares of the company’s stock valued at $16,080,000 after purchasing an additional 56,774 shares during the period. Dimensional Fund Advisors LP boosted its position in Ranger Energy Services by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,034,476 shares of the company’s stock worth $16,013,000 after acquiring an additional 75,088 shares during the period. Foundry Partners LLC boosted its position in Ranger Energy Services by 10.1% during the 3rd quarter. Foundry Partners LLC now owns 450,897 shares of the company’s stock worth $5,370,000 after acquiring an additional 41,321 shares during the period. American Century Companies Inc. boosted its position in Ranger Energy Services by 12.4% during the 4th quarter. American Century Companies Inc. now owns 408,927 shares of the company’s stock worth $6,330,000 after acquiring an additional 45,074 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in Ranger Energy Services by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 377,231 shares of the company’s stock worth $5,840,000 after acquiring an additional 4,381 shares during the period. Institutional investors and hedge funds own 68.10% of the company’s stock.

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.