Magnolia Capital Advisors LLC Has $205,000 Stock Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Magnolia Capital Advisors LLC cut its stake in Ranger Energy Services, Inc. (NYSE:RNGR) by 71.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,273 shares of the company’s stock after selling 33,000 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in Ranger Energy Services were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Quest Partners LLC boosted its holdings in Ranger Energy Services by 24.4% in the third quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock worth $44,000 after purchasing an additional 723 shares in the last quarter. Copeland Capital Management LLC bought a new stake in Ranger Energy Services in the third quarter worth $51,000. Hsbc Holdings PLC bought a new stake in Ranger Energy Services in the second quarter worth $134,000. SG Americas Securities LLC bought a new stake in Ranger Energy Services in the third quarter worth $147,000. Finally, Barclays PLC boosted its holdings in 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 purchasing an additional 15,139 shares in the last quarter. 68.10% of the stock is owned by institutional investors and hedge funds.

Ranger Energy Services Trading Down 4.6 %

Shares of NYSE:RNGR opened at $16.40 on Monday. The stock has a market capitalization of $364.79 million, a PE ratio of 24.84 and a beta of 0.55. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $18.10. The firm has a fifty day moving average price of $16.12 and a 200 day moving average price of $13.80.

Insider Buying and Selling

In other Ranger Energy Services news, Director Brett T. Agee sold 61,905 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $16.67, for a total transaction of $1,031,956.35. Following the completion of the sale, the director now directly owns 31,905 shares in the company, valued at $531,856.35. This represents a 65.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brett T. Agee sold 8,236 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $16.73, for a total transaction of $137,788.28. Following the sale, the director now owns 2,350,664 shares of the company’s stock, valued at $39,326,608.72. This trade represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 415,836 shares of company stock worth $6,863,316. Corporate insiders own 2.00% 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.