Foundry Partners LLC Boosts Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Foundry Partners LLC raised its holdings in Ranger Energy Services, Inc. (NYSE:RNGR) by 419.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 255,830 shares of the company’s stock after acquiring an additional 206,580 shares during the period. Foundry Partners LLC’s holdings in Ranger Energy Services were worth $2,617,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Copeland Capital Management LLC purchased a new stake in Ranger Energy Services in the fourth quarter valued at $29,000. Barclays PLC boosted its stake 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 worth $33,000 after acquiring an additional 1,717 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Ranger Energy Services during the 3rd quarter worth about $45,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Ranger Energy Services during the 3rd quarter worth about $105,000. Finally, Brandywine Global Investment Management LLC purchased a new stake in shares of Ranger Energy Services during the 3rd quarter worth about $161,000. 68.10% of the stock is owned by hedge funds and other institutional investors.

Ranger Energy Services Stock Down 1.1 %

RNGR stock opened at $10.73 on Tuesday. The company’s 50-day simple moving average is $11.00 and its 200-day simple moving average is $10.92. Ranger Energy Services, Inc. has a 52-week low of $9.27 and a 52-week high of $14.64. The firm has a market cap of $243.14 million, a P/E ratio of 11.18 and a beta of 0.60.

Ranger Energy Services (NYSE:RNGR) last posted its earnings results on Tuesday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.24). Ranger Energy Services had a return on equity of 8.67% and a net margin of 3.74%. The firm had revenue of $151.50 million for the quarter, compared to analysts’ expectations of $151.00 million. During the same period in the previous year, the company earned $0.30 earnings per share. On average, analysts anticipate that Ranger Energy Services, Inc. will post 0.84 earnings per share for the current fiscal year.

Ranger Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Thursday, March 14th. Ranger Energy Services’s dividend payout ratio is presently 20.83%.

Insider Activity at Ranger Energy Services

In related news, Director Charles S. Leykum sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $11.64, for a total value of $69,840.00. Following the transaction, the director now directly owns 3,994,000 shares of the company’s stock, valued at approximately $46,490,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Charles S. Leykum sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $11.64, for a total value of $69,840.00. Following the transaction, the director now directly owns 3,994,000 shares of the company’s stock, valued at approximately $46,490,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles S. Leykum sold 215,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $11.14, for a total transaction of $2,395,100.00. Following the completion of the transaction, the director now directly owns 3,754,000 shares in the company, valued at $41,819,560. The disclosure for this sale can be found here. In the last three months, insiders have sold 378,000 shares of company stock valued at $4,212,500. 2.00% of the stock is owned by corporate 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.