Bailard Inc. Raises Position in Ranger Energy Services, Inc. (NYSE:RNGR)

Bailard Inc. raised its position in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 40.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,600 shares of the company’s stock after acquiring an additional 7,400 shares during the quarter. Bailard Inc. owned approximately 0.10% of Ranger Energy Services worth $262,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Copeland Capital Management LLC purchased a new position in shares of Ranger Energy Services in the 4th quarter valued at approximately $29,000. Barclays PLC boosted its holdings in shares of Ranger Energy Services by 120.8% during the 2nd quarter. Barclays PLC now owns 3,138 shares of the company’s stock valued at $33,000 after buying an additional 1,717 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Ranger Energy Services in the 3rd quarter worth about $45,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Ranger Energy Services in the 3rd quarter worth about $105,000. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Ranger Energy Services in the 3rd quarter worth about $161,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.

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 dated Wednesday, March 27th. The stock was sold at an average price of $11.08, for a total value of $1,462,560.00. Following the completion of the transaction, 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 legal filing with the SEC, which is available through the SEC website. In other news, Director Charles S. Leykum sold 215,000 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $11.14, for a total value of $2,395,100.00. Following the completion of the transaction, the director now owns 3,754,000 shares in the company, valued at $41,819,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles S. Leykum sold 132,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 3,562,000 shares in the company, valued at $39,466,960. The disclosure for this sale can be found here. Over the last three months, insiders have sold 378,000 shares of company stock valued at $4,212,500. Insiders own 2.00% of the company’s stock.

Ranger Energy Services Price Performance

Shares of NYSE RNGR opened at $10.25 on Monday. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $14.64. The firm has a 50-day moving average of $11.03 and a 200 day moving average of $10.83. The stock has a market cap of $232.27 million, a P/E ratio of 10.68 and a beta of 0.60.

Ranger Energy Services (NYSE:RNGR) last announced its earnings results on Tuesday, March 5th. The company reported $0.09 earnings per share 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 the consensus estimate of $151.00 million. During the same period in the prior year, the business posted $0.30 EPS. Research analysts expect that Ranger Energy Services, Inc. will post 0.84 earnings per share for the current fiscal year.

Ranger Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.95%. The ex-dividend date was Thursday, March 14th. Ranger Energy Services’s dividend payout ratio (DPR) is 20.83%.

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.