Bailard Inc. Acquires Shares of 21,850 Ranger Energy Services, Inc. (NYSE:RNGR)

Bailard Inc. bought a new position in shares of Ranger Energy Services, Inc. (NYSE:RNGR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,850 shares of the company’s stock, valued at approximately $338,000.

Several other hedge funds and other institutional investors have also modified their holdings of RNGR. Royce & Associates LP raised its holdings in Ranger Energy Services by 5.9% in the 3rd quarter. Royce & Associates LP now owns 981,998 shares of the company’s stock valued at $11,696,000 after acquiring an additional 54,737 shares during the period. Foundry Partners LLC increased its stake in shares of Ranger Energy Services by 10.1% during 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. Geode Capital Management LLC increased its stake in shares of Ranger Energy Services by 3.5% during the third quarter. Geode Capital Management LLC now owns 351,793 shares of the company’s stock worth $4,190,000 after purchasing an additional 11,921 shares during the period. State Street Corp lifted its holdings in Ranger Energy Services by 2.5% during the 3rd quarter. State Street Corp now owns 323,244 shares of the company’s stock worth $3,850,000 after purchasing an additional 8,008 shares during the last quarter. Finally, Acuitas Investments LLC bought a new stake in Ranger Energy Services in the 4th quarter valued at $2,294,000. Institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Price Performance

RNGR stock opened at $15.80 on Wednesday. Ranger Energy Services, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $18.45. The stock has a market capitalization of $351.47 million, a price-to-earnings ratio of 23.94 and a beta of 0.56. The business’s fifty day moving average price is $16.74 and its two-hundred day moving average price is $14.67.

Ranger Energy Services Increases Dividend

The firm 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 dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.52%. 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 dividend payout ratio (DPR) is currently 24.39%.

Insiders Place Their Bets

In other Ranger Energy Services news, Director Brett T. Agee sold 19,209 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $15.30, for a total transaction of $293,897.70. Following the transaction, the director now owns 1,843,999 shares in the company, valued at $28,213,184.70. This trade represents a 1.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 126,337 shares of company stock worth $2,047,139 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

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.