Inspire Advisors LLC Purchases Shares of 26,556 Ranger Energy Services, Inc. (NYSE:RNGR)

Inspire Advisors LLC acquired a new position in shares of Ranger Energy Services, Inc. (NYSE:RNGR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 26,556 shares of the company’s stock, valued at approximately $411,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AlphaQuest LLC increased its holdings in Ranger Energy Services by 77.1% during the 4th quarter. AlphaQuest LLC now owns 6,529 shares of the company’s stock worth $101,000 after purchasing an additional 2,842 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Ranger Energy Services during the 4th quarter worth approximately $318,000. Bailard Inc. bought a new stake in Ranger Energy Services during the 4th quarter worth approximately $338,000. Acuitas Investments LLC bought a new stake in Ranger Energy Services during the 4th quarter worth approximately $2,294,000. Finally, Empowered Funds LLC boosted its stake in shares of Ranger Energy Services by 5.1% in the 4th quarter. Empowered Funds LLC now owns 130,625 shares of the company’s stock worth $2,022,000 after buying an additional 6,381 shares during the last quarter. 68.10% of the stock is owned by institutional investors.

Ranger Energy Services Stock Up 2.3 %

Shares of NYSE RNGR opened at $14.84 on Thursday. Ranger Energy Services, Inc. has a twelve month low of $9.27 and a twelve month high of $18.45. The stock’s 50 day moving average price is $16.70 and its 200-day moving average price is $14.77. The company has a market capitalization of $330.00 million, a PE ratio of 22.48 and a beta of 0.56.

Ranger Energy Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, March 14th. This is an increase from Ranger Energy Services’s previous quarterly dividend of $0.05. Ranger Energy Services’s payout ratio is presently 29.27%.

Insider Transactions at Ranger Energy Services

In other news, Director Brett T. Agee sold 19,209 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $15.30, for a total value of $293,897.70. Following the transaction, the director now owns 1,843,999 shares in the company, valued at $28,213,184.70. The trade was a 1.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.

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.