Los Angeles Capital Management LLC Sells 12,100 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

Los Angeles Capital Management LLC trimmed its holdings in Ranger Energy Services, Inc. (NYSE:RNGR) by 10.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,589 shares of the company’s stock after selling 12,100 shares during the period. Los Angeles Capital Management LLC owned about 0.47% of Ranger Energy Services worth $1,246,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Gladius Capital Management LP bought a new stake in Ranger Energy Services in the 2nd quarter valued at $30,000. CWM LLC increased its holdings in shares of Ranger Energy Services by 60.2% in the second quarter. CWM LLC now owns 3,512 shares of the company’s stock worth $37,000 after purchasing an additional 1,320 shares during the last quarter. Copeland Capital Management LLC bought a new position in Ranger Energy Services during the third quarter valued at approximately $51,000. Acadian Asset Management LLC purchased a new position in Ranger Energy Services during the 2nd quarter valued at approximately $125,000. Finally, Hsbc Holdings PLC bought a new stake in Ranger Energy Services in the 2nd quarter worth approximately $134,000. Institutional investors own 68.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays raised their target price on shares of Ranger Energy Services from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Friday, August 16th.

Ranger Energy Services Trading Down 0.2 %

RNGR opened at $15.32 on Friday. Ranger Energy Services, Inc. has a 12 month low of $9.27 and a 12 month high of $15.57. The stock has a 50-day moving average of $12.61 and a 200 day moving average of $11.47. The firm has a market cap of $340.79 million, a P/E ratio of 23.24 and a beta of 0.49.

Ranger Energy Services (NYSE:RNGR) last released its earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.10. The firm had revenue of $153.00 million for the quarter. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%. During the same period in the prior year, the firm posted $0.38 EPS.

Ranger Energy Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 1.31%. Ranger Energy Services’s dividend payout ratio (DPR) is presently 30.30%.

Insider Buying and Selling

In other Ranger Energy Services news, SVP J. Matt Hooker sold 7,803 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $12.27, for a total transaction of $95,742.81. Following the completion of the transaction, the senior vice president now owns 92,600 shares in the company, valued at $1,136,202. The trade was a 7.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by corporate insiders.

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.