Squarepoint Ops LLC Purchases New Position in Ranger Energy Services, Inc. (NYSE:RNGR)

Squarepoint Ops LLC purchased a new position in Ranger Energy Services, Inc. (NYSE:RNGR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,707 shares of the company’s stock, valued at approximately $429,000. Squarepoint Ops LLC owned approximately 0.12% of Ranger Energy Services at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RNGR. Meeder Asset Management Inc. purchased a new position in Ranger Energy Services during the fourth quarter valued at $26,000. Quarry LP bought a new position in shares of Ranger Energy Services in the 4th quarter worth about $65,000. Deutsche Bank AG purchased a new position in Ranger Energy Services during the 4th quarter valued at about $92,000. AlphaQuest LLC lifted its position in Ranger Energy Services by 77.1% during the 4th quarter. AlphaQuest LLC now owns 6,529 shares of the company’s stock valued at $101,000 after acquiring an additional 2,842 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Ranger Energy Services during the fourth quarter worth about $103,000. 68.10% of the stock is currently owned by hedge funds and other institutional investors.

Ranger Energy Services Stock Performance

Shares of NYSE RNGR opened at $11.35 on Thursday. Ranger Energy Services, Inc. has a fifty-two week low of $9.62 and a fifty-two week high of $18.45. The company has a 50 day simple moving average of $11.88 and a two-hundred day simple moving average of $14.62. The company has a market capitalization of $255.35 million, a price-to-earnings ratio of 17.20 and a beta of 0.33.

Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $135.20 million during the quarter, compared to the consensus estimate of $137.50 million.

Ranger Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.06 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.11%. Ranger Energy Services’s dividend payout ratio is currently 27.27%.

Insider Transactions at Ranger Energy Services

In other Ranger Energy Services news, Director Brett T. Agee sold 13,343 shares of Ranger Energy Services stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $14.52, for a total value of $193,740.36. Following the completion of the transaction, the director now directly owns 1,782,232 shares of the company’s stock, valued at approximately $25,878,008.64. The trade was a 0.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 43,882 shares of company stock valued at $639,858. Insiders own 2.80% of the company’s stock.

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.