Janney Montgomery Scott LLC Buys 6,019 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

Janney Montgomery Scott LLC grew its holdings in Ranger Energy Services, Inc. (NYSE:RNGRFree Report) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,788 shares of the company’s stock after purchasing an additional 6,019 shares during the quarter. Janney Montgomery Scott LLC owned about 0.17% of Ranger Energy Services worth $417,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Copeland Capital Management LLC acquired a new position in Ranger Energy Services in the fourth quarter worth $29,000. Quantbot Technologies LP acquired a new position in Ranger Energy Services in the third quarter worth $45,000. Barclays PLC boosted its stake in Ranger Energy Services by 50.2% in the third quarter. Barclays PLC now owns 4,713 shares of the company’s stock worth $67,000 after purchasing an additional 1,575 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Ranger Energy Services in the fourth quarter worth $96,000. Finally, Brandywine Global Investment Management LLC acquired a new position in Ranger Energy Services in the third quarter worth $161,000. Institutional investors and hedge funds own 68.10% of the company’s stock.

Insider Activity

In other news, Director Charles S. Leykum sold 6,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $11.64, for a total transaction of $69,840.00. Following the transaction, the director now owns 3,994,000 shares of the company’s stock, valued at $46,490,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Ranger Energy Services news, Director Charles S. Leykum sold 6,000 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $11.64, for a total value of $69,840.00. Following the transaction, the director now owns 3,994,000 shares of the company’s stock, valued at $46,490,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles S. Leykum sold 215,000 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $11.14, for a total value of $2,395,100.00. Following the completion of the transaction, the director now directly owns 3,754,000 shares in the company, valued at approximately $41,819,560. The disclosure for this sale can be found here. Insiders have sold 378,000 shares of company stock valued at $4,212,500 over the last 90 days. 2.00% of the stock is owned by company insiders.

Ranger Energy Services Price Performance

Ranger Energy Services stock opened at $9.90 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.90 and a current ratio of 2.01. Ranger Energy Services, Inc. has a 52 week low of $9.27 and a 52 week high of $14.64. The firm has a market cap of $226.51 million, a P/E ratio of 14.56 and a beta of 0.61. The business’s fifty day moving average is $10.65 and its two-hundred day moving average is $10.44.

Ranger Energy Services (NYSE:RNGRGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.08). Ranger Energy Services had a net margin of 2.73% and a return on equity of 6.18%. The firm had revenue of $136.90 million for the quarter, compared to analyst estimates of $135.00 million. Equities research analysts forecast that Ranger Energy Services, Inc. will post 0.43 earnings per share for the current fiscal year.

Ranger Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Thursday, May 16th. Ranger Energy Services’s dividend payout ratio (DPR) is presently 29.41%.

About Ranger Energy Services

(Free Report)

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.

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Institutional Ownership by Quarter for Ranger Energy Services (NYSE:RNGR)

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