Alliancebernstein L.P. Invests $1.57 Million in Ranger Energy Services, Inc. (NYSE:RNGR)

Alliancebernstein L.P. purchased a new position in shares of Ranger Energy Services, Inc. (NYSE:RNGR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 101,400 shares of the company’s stock, valued at approximately $1,570,000. Alliancebernstein L.P. owned about 0.46% of Ranger Energy Services as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RNGR. Meeder Asset Management Inc. purchased a new position in shares of Ranger Energy Services in the 4th quarter valued at approximately $26,000. SG Americas Securities LLC grew its position in Ranger Energy Services by 17.2% in the 4th quarter. SG Americas Securities LLC now owns 14,417 shares of the company’s stock valued at $223,000 after buying an additional 2,114 shares during the last quarter. AlphaQuest LLC increased its stake in Ranger Energy Services by 77.1% in the 4th quarter. AlphaQuest LLC now owns 6,529 shares of the company’s stock valued at $101,000 after buying an additional 2,842 shares during the period. Empowered Funds LLC raised its position in Ranger Energy Services by 5.1% during the 4th quarter. Empowered Funds LLC now owns 130,625 shares of the company’s stock worth $2,022,000 after buying an additional 6,381 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Ranger Energy Services during the 4th quarter worth $103,000. Institutional investors and hedge funds own 68.10% of the company’s stock.

Insider Buying and Selling

In related news, Director Brett T. Agee sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $14.61, for a total value of $438,300.00. Following the completion of the sale, the director now directly owns 1,803,539 shares in the company, valued at approximately $26,349,704.79. The trade was a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders sold 43,882 shares of company stock worth $639,858. 3.00% of the stock is owned by corporate insiders.

Ranger Energy Services Trading Up 2.1 %

RNGR stock opened at $12.64 on Friday. The company’s 50-day moving average price is $14.76 and its 200 day moving average price is $14.99. Ranger Energy Services, Inc. has a 52 week low of $9.27 and a 52 week high of $18.45. The company has a market cap of $281.34 million, a P/E ratio of 19.16 and a beta of 0.27.

Ranger Energy Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.90%. This is a boost from Ranger Energy Services’s previous quarterly dividend of $0.05. Ranger Energy Services’s payout ratio is presently 29.27%.

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.