Insider Selling: Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells 30,000 Shares of Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 30,000 shares of Ranger Energy Services stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $14.61, for a total transaction of $438,300.00. Following the completion of the sale, the director now owns 1,803,539 shares of the company’s stock, valued at $26,349,704.79. This represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ranger Energy Services Trading Up 2.0 %

Shares of NYSE RNGR opened at $14.23 on Friday. The firm has a 50 day moving average of $16.61 and a 200 day moving average of $14.80. The firm has a market capitalization of $316.52 million, a price-to-earnings ratio of 21.56 and a beta of 0.56. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $18.45.

Ranger Energy Services Increases Dividend

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

Institutional Trading of Ranger Energy Services

Several large investors have recently added to or reduced their stakes in RNGR. Royce & Associates LP boosted its position in shares of Ranger Energy Services by 5.8% in the fourth quarter. Royce & Associates LP now owns 1,038,772 shares of the company’s stock worth $16,080,000 after purchasing an additional 56,774 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Ranger Energy Services by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,034,476 shares of the company’s stock worth $16,013,000 after purchasing an additional 75,088 shares during the period. Foundry Partners LLC boosted its position in shares of Ranger Energy Services by 10.1% in the third quarter. Foundry Partners LLC now owns 450,897 shares of the company’s stock worth $5,370,000 after purchasing an additional 41,321 shares during the period. American Century Companies Inc. boosted its position in shares of Ranger Energy Services by 12.4% in the fourth quarter. American Century Companies Inc. now owns 408,927 shares of the company’s stock worth $6,330,000 after purchasing an additional 45,074 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in shares of Ranger Energy Services by 1.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 377,231 shares of the company’s stock worth $5,840,000 after purchasing an additional 4,381 shares during the period. 68.10% of the stock is currently owned by institutional investors.

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.