Ranger Energy Services, Inc. (NYSE:RNGR) Shares Sold by Gladius Capital Management LP

Gladius Capital Management LP trimmed its stake in Ranger Energy Services, Inc. (NYSE:RNGR) by 23.9% in the third quarter, HoldingsChannel.com reports. The fund owned 2,148 shares of the company’s stock after selling 676 shares during the quarter. Gladius Capital Management LP’s holdings in Ranger Energy Services were worth $26,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Barclays PLC raised its holdings in shares of Ranger Energy Services by 82.9% in the third quarter. Barclays PLC now owns 33,404 shares of the company’s stock worth $398,000 after acquiring an additional 15,139 shares during the last quarter. State Street Corp grew its position in shares of Ranger Energy Services by 2.5% in the third quarter. State Street Corp now owns 323,244 shares of the company’s stock valued at $3,850,000 after purchasing an additional 8,008 shares during the period. JB Capital Partners LP grew its position in shares of Ranger Energy Services by 46.3% in the third quarter. JB Capital Partners LP now owns 36,576 shares of the company’s stock valued at $434,000 after purchasing an additional 11,576 shares during the period. Foundry Partners LLC grew 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 valued at $5,370,000 after purchasing an additional 41,321 shares during the period. Finally, Quest Partners LLC grew its position in shares of Ranger Energy Services by 24.4% in the third quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock valued at $44,000 after purchasing an additional 723 shares during the period. 68.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ranger Energy Services

In other Ranger Energy Services news, SVP J. Matt Hooker sold 7,803 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $12.27, for a total transaction of $95,742.81. Following the completion of the sale, the senior vice president now owns 92,600 shares of the company’s stock, valued at approximately $1,136,202. The trade was a 7.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by company insiders.

Ranger Energy Services Stock Up 1.5 %

Shares of NYSE:RNGR traded up $0.22 during midday trading on Monday, reaching $15.32. The company’s stock had a trading volume of 35,140 shares, compared to its average volume of 121,773. The firm has a market cap of $340.79 million, a price-to-earnings ratio of 22.88 and a beta of 0.49. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $15.57. The business has a 50 day moving average price of $12.75 and a 200 day moving average price of $11.56.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%. The business had revenue of $153.00 million during the quarter. During the same period in the prior year, the firm earned $0.38 EPS.

Ranger Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Friday, November 8th. Ranger Energy Services’s dividend payout ratio (DPR) is presently 30.30%.

Wall Street Analyst Weigh In

Separately, Barclays lifted their price objective on Ranger Energy Services from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Friday, August 16th.

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.