Two Sigma Advisers LP Grows Position in Ranger Energy Services, Inc. (NYSE:RNGR)

Two Sigma Advisers LP lifted its holdings in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 49.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,500 shares of the company’s stock after buying an additional 11,400 shares during the period. Two Sigma Advisers LP owned approximately 0.16% of Ranger Energy Services worth $534,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RNGR. Hillsdale Investment Management Inc. purchased a new position in Ranger Energy Services in the fourth quarter worth about $3,756,000. Acuitas Investments LLC purchased a new position in Ranger Energy Services in the fourth quarter worth about $2,294,000. Prudential Financial Inc. boosted its position in Ranger Energy Services by 102.4% in the fourth quarter. Prudential Financial Inc. now owns 219,222 shares of the company’s stock worth $3,394,000 after purchasing an additional 110,907 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Ranger Energy Services by 54.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 288,805 shares of the company’s stock worth $4,471,000 after purchasing an additional 102,313 shares during the last quarter. Finally, Alliancebernstein L.P. purchased a new position in Ranger Energy Services in the fourth quarter worth about $1,570,000. 68.10% of the stock is owned by hedge funds and other institutional investors.

Ranger Energy Services Stock Performance

Shares of NYSE:RNGR opened at $11.17 on Wednesday. The stock has a market capitalization of $251.28 million, a price-to-earnings ratio of 16.92 and a beta of 0.33. The stock’s 50-day simple moving average is $11.94 and its two-hundred day simple moving average is $14.64. Ranger Energy Services, Inc. has a 52-week low of $9.57 and a 52-week high of $18.45.

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

Ranger Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, May 9th. Ranger Energy Services’s dividend payout ratio (DPR) is currently 27.27%.

Insider Transactions at Ranger Energy Services

In other news, Director Brett T. Agee sold 13,343 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $14.52, for a total value of $193,740.36. Following the transaction, the director now owns 1,782,232 shares of the company’s stock, valued at $25,878,008.64. This trade represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 43,882 shares of company stock valued at $639,858 over the last quarter. 2.80% of the stock is currently owned by company insiders.

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.