Ranger Energy Services, Inc. (NYSE:RNGR) Stock Holdings Lowered by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 10.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 141,519 shares of the company’s stock after selling 15,680 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Ranger Energy Services were worth $1,448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Foundry Partners LLC increased its position in Ranger Energy Services by 419.5% in the 4th quarter. Foundry Partners LLC now owns 255,830 shares of the company’s stock worth $2,617,000 after purchasing an additional 206,580 shares during the last quarter. EAM Investors LLC acquired a new position in shares of Ranger Energy Services during the 3rd quarter worth about $1,951,000. Acadian Asset Management LLC bought a new stake in Ranger Energy Services during the 3rd quarter valued at approximately $917,000. Boston Partners acquired a new stake in Ranger Energy Services in the 3rd quarter valued at approximately $872,000. Finally, Russell Investments Group Ltd. increased its position in Ranger Energy Services by 53.3% in the 4th quarter. Russell Investments Group Ltd. now owns 166,319 shares of the company’s stock worth $1,701,000 after buying an additional 57,818 shares during the period. 68.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Charles S. Leykum sold 25,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $11.40, for a total value of $285,000.00. Following the completion of the transaction, the director now owns 3,969,000 shares of the company’s stock, valued at $45,246,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Charles S. Leykum sold 215,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $11.14, for a total transaction of $2,395,100.00. Following the completion of the sale, the director now directly owns 3,754,000 shares of the company’s stock, valued at approximately $41,819,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles S. Leykum sold 25,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $11.40, for a total value of $285,000.00. Following the sale, the director now owns 3,969,000 shares in the company, valued at approximately $45,246,600. The disclosure for this sale can be found here. Insiders have sold 378,000 shares of company stock worth $4,212,500 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Ranger Energy Services Trading Down 0.3 %

Shares of RNGR stock opened at $9.98 on Wednesday. The firm has a market capitalization of $226.15 million, a P/E ratio of 10.40 and a beta of 0.66. The firm’s fifty day simple moving average is $10.99 and its 200 day simple moving average is $10.64. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $14.64.

Ranger Energy Services (NYSE:RNGR) last released its earnings results on Tuesday, March 5th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.24). Ranger Energy Services had a return on equity of 8.67% and a net margin of 3.74%. The firm had revenue of $151.50 million for the quarter, compared to analyst estimates of $151.00 million. During the same period last year, the business earned $0.30 earnings per share. Equities research analysts anticipate that Ranger Energy Services, Inc. will post 0.84 EPS for the current fiscal year.

Ranger Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.05 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.20 annualized dividend and a yield of 2.00%. Ranger Energy Services’s dividend payout ratio (DPR) is currently 20.83%.

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.