Brett T. Agee Sells 30,000 Shares of Ranger Energy Services, Inc. (NYSE:RNGR) Stock

Ranger Energy Services, Inc. (NYSE:RNGR) Director Brett T. Agee sold 30,000 shares of Ranger Energy Services stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $14.61, for a total transaction of $438,300.00. Following the completion of the transaction, the director now directly owns 1,803,539 shares of the company’s stock, valued at $26,349,704.79. This trade represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ranger Energy Services Stock Performance

Shares of Ranger Energy Services stock opened at $14.23 on Friday. The stock has a market capitalization of $316.52 million, a PE ratio of 21.56 and a beta of 0.56. Ranger Energy Services, Inc. has a 52-week low of $9.27 and a 52-week high of $18.45. The company has a 50-day simple moving average of $16.61 and a two-hundred day simple moving average of $14.80.

Ranger Energy Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.06 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Ranger Energy Services’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.69%. Ranger Energy Services’s payout ratio is 29.27%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. PharVision Advisers LLC purchased a new position in Ranger Energy Services in the fourth quarter worth about $245,000. Squarepoint Ops LLC bought a new stake in shares of Ranger Energy Services in the fourth quarter worth approximately $429,000. Two Sigma Advisers LP grew its stake in shares of Ranger Energy Services by 49.4% in the fourth quarter. Two Sigma Advisers LP now owns 34,500 shares of the company’s stock worth $534,000 after acquiring an additional 11,400 shares during the period. Two Sigma Investments LP grew its stake in shares of Ranger Energy Services by 60.2% in the fourth quarter. Two Sigma Investments LP now owns 77,056 shares of the company’s stock worth $1,193,000 after acquiring an additional 28,965 shares during the period. Finally, Man Group plc bought a new stake in shares of Ranger Energy Services in the fourth quarter worth approximately $887,000. 68.10% of the stock is owned by hedge funds and other institutional investors.

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.