Inspire Advisors LLC Purchases New Position in Ranger Energy Services, Inc. (NYSE:RNGR)

Inspire Advisors LLC purchased a new stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 26,556 shares of the company’s stock, valued at approximately $411,000. Inspire Advisors LLC owned about 0.12% of Ranger Energy Services at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in RNGR. Acuitas Investments LLC acquired a new stake in Ranger Energy Services during the 4th quarter worth approximately $2,294,000. GSA Capital Partners LLP boosted its position in Ranger Energy Services by 391.4% during the 3rd quarter. GSA Capital Partners LLP now owns 118,744 shares of the company’s stock worth $1,414,000 after buying an additional 94,580 shares during the period. Royce & Associates LP boosted its position in Ranger Energy Services by 5.9% during the 3rd quarter. Royce & Associates LP now owns 981,998 shares of the company’s stock worth $11,696,000 after buying an additional 54,737 shares during the period. Foundry Partners LLC boosted its position in Ranger Energy Services by 10.1% during the 3rd quarter. Foundry Partners LLC now owns 450,897 shares of the company’s stock worth $5,370,000 after buying an additional 41,321 shares during the period. Finally, Ritholtz Wealth Management boosted its position in Ranger Energy Services by 58.2% during the 4th quarter. Ritholtz Wealth Management now owns 97,559 shares of the company’s stock worth $1,510,000 after buying an additional 35,904 shares during the period. 68.10% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Ranger Energy Services Stock Performance

Ranger Energy Services stock opened at $14.84 on Thursday. Ranger Energy Services, Inc. has a 52-week low of $9.27 and a 52-week high of $18.45. The firm has a 50 day moving average price of $16.70 and a two-hundred day moving average price of $14.77. The firm has a market cap of $330.00 million, a price-to-earnings ratio of 22.48 and a beta of 0.56.

Ranger Energy Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.06 per share. 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. This represents a $0.24 annualized dividend and a yield of 1.62%. Ranger Energy Services’s dividend payout ratio (DPR) is presently 29.27%.

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.