Lazard Asset Management LLC Has $75,000 Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Lazard Asset Management LLC decreased its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 76.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,892 shares of the company’s stock after selling 16,149 shares during the period. Lazard Asset Management LLC’s holdings in Ranger Energy Services were worth $75,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in RNGR. Royce & Associates LP grew its stake in Ranger Energy Services by 5.8% in the 4th quarter. Royce & Associates LP now owns 1,038,772 shares of the company’s stock valued at $16,080,000 after buying an additional 56,774 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ranger Energy Services by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,034,476 shares of the company’s stock worth $16,013,000 after purchasing an additional 75,088 shares during the period. American Century Companies Inc. lifted its position in shares of Ranger Energy Services by 12.4% during the 4th quarter. American Century Companies Inc. now owns 408,927 shares of the company’s stock worth $6,330,000 after purchasing an additional 45,074 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in Ranger Energy Services by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 377,231 shares of the company’s stock valued at $5,840,000 after purchasing an additional 4,381 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Ranger Energy Services by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 355,976 shares of the company’s stock valued at $5,511,000 after buying an additional 4,183 shares during the last quarter. Institutional investors and hedge funds own 68.10% of the company’s stock.

Insider Activity at Ranger Energy Services

In other Ranger Energy Services news, Director Brett T. Agee sold 13,343 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $14.52, for a total value of $193,740.36. Following the sale, the director now owns 1,782,232 shares of the company’s stock, valued at $25,878,008.64. The trade was a 0.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 43,882 shares of company stock worth $639,858. Company insiders own 2.80% of the company’s stock.

Ranger Energy Services Stock Down 1.6%

Shares of NYSE RNGR opened at $10.98 on Monday. Ranger Energy Services, Inc. has a 12 month low of $9.57 and a 12 month high of $18.45. The company has a market cap of $246.92 million, a P/E ratio of 16.63 and a beta of 0.33. The business’s 50 day moving average is $12.45 and its two-hundred day moving average is $14.85.

Ranger Energy Services (NYSE:RNGR) last released its earnings results on Tuesday, April 29th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.10). The company had revenue of $135.20 million for the quarter, compared to analyst estimates of $137.50 million. Ranger Energy Services had a net margin of 2.54% and a return on equity of 5.54%.

Ranger Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, May 9th. Ranger Energy Services’s payout ratio is presently 27.27%.

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.