Ritholtz Wealth Management Sells 7,119 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

Ritholtz Wealth Management lessened its stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 7.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,440 shares of the company’s stock after selling 7,119 shares during the period. Ritholtz Wealth Management owned 0.41% of Ranger Energy Services worth $1,283,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in RNGR. Hillsdale Investment Management Inc. bought a new position in Ranger Energy Services during the 4th quarter worth $3,756,000. Acuitas Investments LLC bought a new position in Ranger Energy Services during the 4th quarter worth $2,294,000. Prudential Financial Inc. increased its stake in Ranger Energy Services by 102.4% during the 4th quarter. Prudential Financial Inc. now owns 219,222 shares of the company’s stock worth $3,394,000 after acquiring an additional 110,907 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Ranger Energy Services by 54.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 288,805 shares of the company’s stock worth $4,471,000 after acquiring an additional 102,313 shares during the period. Finally, Alliancebernstein L.P. bought a new position in Ranger Energy Services during the 4th quarter worth $1,570,000. Institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Stock Performance

Shares of RNGR stock opened at $12.78 on Wednesday. The stock’s fifty day moving average price is $11.84 and its two-hundred day moving average price is $14.36. The company has a market cap of $287.46 million, a PE ratio of 14.52 and a beta of 0.34. Ranger Energy Services, Inc. has a fifty-two week low of $9.92 and a fifty-two week high of $18.45.

Ranger Energy Services (NYSE:RNGR) last issued its earnings results on Tuesday, April 29th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). Ranger Energy Services had a net margin of 3.48% and a return on equity of 7.52%. The business had revenue of $135.20 million during the quarter, compared to analyst estimates of $137.50 million.

Ranger Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Friday, May 9th. Ranger Energy Services’s payout ratio is presently 27.27%.

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.