Bailard Inc. Boosts Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Bailard Inc. raised its position in Ranger Energy Services, Inc. (NYSE:RNGR) by 40.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,600 shares of the company’s stock after acquiring an additional 7,400 shares during the period. Bailard Inc.’s holdings in Ranger Energy Services were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of RNGR. Barclays PLC boosted its position in shares of Ranger Energy Services by 120.8% in the 2nd quarter. Barclays PLC now owns 3,138 shares of the company’s stock worth $33,000 after purchasing an additional 1,717 shares in the last quarter. Strs Ohio boosted its holdings in Ranger Energy Services by 23.9% in the third quarter. Strs Ohio now owns 42,500 shares of the company’s stock worth $602,000 after acquiring an additional 8,200 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Ranger Energy Services during the third quarter worth about $105,000. Los Angeles Capital Management LLC acquired a new position in shares of Ranger Energy Services during the third quarter valued at about $2,229,000. Finally, Quantbot Technologies LP acquired a new stake in Ranger Energy Services in the 3rd quarter worth approximately $45,000. 68.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ranger Energy Services

In other Ranger Energy Services news, Director Charles S. Leykum sold 25,000 shares of Ranger Energy Services stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $11.40, for a total transaction of $285,000.00. Following the completion of the transaction, the director now owns 3,969,000 shares in the company, valued at approximately $45,246,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Charles S. Leykum sold 132,000 shares of Ranger Energy Services stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $11.08, for a total transaction of $1,462,560.00. Following the completion of the transaction, the director now directly owns 3,562,000 shares of the company’s stock, valued at approximately $39,466,960. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Charles S. Leykum sold 25,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $11.40, for a total transaction of $285,000.00. Following the completion of the transaction, the director now owns 3,969,000 shares of the company’s stock, valued at $45,246,600. The disclosure for this sale can be found here. Over the last three months, insiders have sold 378,000 shares of company stock valued at $4,212,500. 2.00% of the stock is owned by insiders.

Ranger Energy Services Stock Performance

NYSE:RNGR opened at $10.25 on Monday. Ranger Energy Services, Inc. has a twelve month low of $9.27 and a twelve month high of $14.64. The company has a market cap of $232.27 million, a PE ratio of 10.68 and a beta of 0.60. The company’s 50 day moving average is $11.03 and its two-hundred day moving average is $10.83.

Ranger Energy Services (NYSE:RNGR) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.24). Ranger Energy Services had a return on equity of 8.67% and a net margin of 3.74%. The firm had revenue of $151.50 million during the quarter, compared to analysts’ expectations of $151.00 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. As a group, analysts expect that Ranger Energy Services, Inc. will post 0.84 EPS for the current fiscal year.

Ranger Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.95%. Ranger Energy Services’s dividend payout ratio is presently 20.83%.

About Ranger Energy Services

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.