10,011 Shares in Ranger Energy Services, Inc. (NYSE:RNGR) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in Ranger Energy Services, Inc. (NYSE:RNGR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,011 shares of the company’s stock, valued at approximately $155,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in Ranger Energy Services by 3.5% during the third quarter. Geode Capital Management LLC now owns 351,793 shares of the company’s stock worth $4,190,000 after acquiring an additional 11,921 shares during the last quarter. Barclays PLC boosted its holdings in shares of Ranger Energy Services by 82.9% during the 3rd quarter. Barclays PLC now owns 33,404 shares of the company’s stock worth $398,000 after purchasing an additional 15,139 shares during the last quarter. Inspire Advisors LLC purchased a new stake in shares of Ranger Energy Services in the fourth quarter valued at approximately $411,000. Ritholtz Wealth Management grew its position in shares of Ranger Energy Services by 58.2% in the fourth quarter. Ritholtz Wealth Management now owns 97,559 shares of the company’s stock valued at $1,510,000 after purchasing an additional 35,904 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Ranger Energy Services by 17.2% in the fourth quarter. SG Americas Securities LLC now owns 14,417 shares of the company’s stock valued at $223,000 after purchasing an additional 2,114 shares during the last quarter. Institutional investors and hedge funds own 68.10% of the company’s stock.

Insider Activity at Ranger Energy Services

In other Ranger Energy Services news, Director Brett T. Agee sold 13,343 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $14.52, for a total value of $193,740.36. Following the transaction, the director now directly owns 1,782,232 shares in the company, valued at $25,878,008.64. The trade was a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 43,882 shares of company stock valued at $639,858. 3.00% of the stock is owned by company insiders.

Ranger Energy Services Stock Performance

NYSE RNGR opened at $12.24 on Friday. The stock’s fifty day moving average is $15.12 and its two-hundred day moving average is $14.99. The firm has a market capitalization of $272.38 million, a P/E ratio of 18.55 and a beta of 0.27. Ranger Energy Services, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $18.45.

Ranger Energy Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.06 per share. This is a boost from Ranger Energy Services’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.96%. Ranger Energy Services’s payout ratio is presently 29.27%.

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.