Tower Research Capital LLC TRC Raises Stock Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Tower Research Capital LLC TRC increased its position in Ranger Energy Services, Inc. (NYSE:RNGR) by 425.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,934 shares of the company’s stock after acquiring an additional 3,186 shares during the period. Tower Research Capital LLC TRC’s holdings in Ranger Energy Services were worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Copeland Capital Management LLC purchased a new position in shares of Ranger Energy Services during the 4th quarter valued at about $29,000. Quantbot Technologies LP purchased a new position in shares of Ranger Energy Services during the 3rd quarter valued at about $45,000. Barclays PLC raised its stake in shares of Ranger Energy Services by 50.2% during the 3rd quarter. Barclays PLC now owns 4,713 shares of the company’s stock valued at $67,000 after buying an additional 1,575 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Ranger Energy Services during the 4th quarter valued at about $96,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Ranger Energy Services during the 3rd quarter valued at about $105,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Trading Up 1.4 %

Shares of NYSE RNGR traded up $0.14 during trading on Thursday, reaching $9.94. 281,711 shares of the company traded hands, compared to its average volume of 181,184. The firm’s fifty day simple moving average is $11.02 and its 200 day simple moving average is $10.77. The stock has a market cap of $225.24 million, a P/E ratio of 10.20 and a beta of 0.66. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $14.64.

Ranger Energy Services (NYSE:RNGR) last posted its earnings results on Tuesday, March 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.24). Ranger Energy Services had a net margin of 3.74% and a return on equity of 8.67%. The business had revenue of $151.50 million for the quarter, compared to analyst estimates of $151.00 million. During the same quarter last year, the business earned $0.30 earnings per share. As a group, research analysts expect that Ranger Energy Services, Inc. will post 0.84 EPS for the current year.

Ranger Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.01%. The ex-dividend date was Thursday, March 14th. Ranger Energy Services’s payout ratio is 20.83%.

Insider Transactions at Ranger Energy Services

In other news, Director Charles S. Leykum sold 132,000 shares of Ranger Energy Services stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $11.08, for a total transaction of $1,462,560.00. Following the sale, the director now owns 3,562,000 shares of the company’s stock, valued at approximately $39,466,960. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Charles S. Leykum sold 6,000 shares of Ranger Energy Services stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $11.64, for a total transaction of $69,840.00. Following the sale, the director now owns 3,994,000 shares of the company’s stock, valued at approximately $46,490,160. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles S. Leykum sold 132,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $11.08, for a total value of $1,462,560.00. Following the completion of the sale, the director now directly owns 3,562,000 shares in the company, valued at approximately $39,466,960. The disclosure for this sale can be found here. Insiders have sold a total of 378,000 shares of company stock worth $4,212,500 in the last ninety days. Insiders own 3.00% of the company’s stock.

Ranger Energy Services 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.