Ranger Energy Services, Inc. (NYSE:RNGR) Short Interest Update

Ranger Energy Services, Inc. (NYSE:RNGR) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 121,700 shares, a drop of 29.0% from the March 31st total of 171,300 shares. Based on an average daily trading volume, of 110,200 shares, the short-interest ratio is presently 1.1 days. Currently, 0.6% of the shares of the company are short sold.

Insiders Place Their Bets

In related news, Director Brett T. Agee sold 13,343 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $14.52, for a total value of $193,740.36. Following the sale, the director now directly owns 1,782,232 shares of the company’s stock, valued at $25,878,008.64. This trade represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 43,882 shares of company stock worth $639,858 in the last 90 days. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Ranger Energy Services

A number of hedge funds have recently added to or reduced their stakes in RNGR. Royce & Associates LP increased its holdings in shares of Ranger Energy Services by 5.8% during the fourth quarter. Royce & Associates LP now owns 1,038,772 shares of the company’s stock valued at $16,080,000 after acquiring an additional 56,774 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ranger Energy Services by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,034,476 shares of the company’s stock valued at $16,013,000 after buying an additional 75,088 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Ranger Energy Services by 12.4% during the fourth quarter. American Century Companies Inc. now owns 408,927 shares of the company’s stock valued at $6,330,000 after buying an additional 45,074 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Ranger Energy Services by 1.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 377,231 shares of the company’s stock valued at $5,840,000 after buying an additional 4,381 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Ranger Energy Services by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 355,976 shares of the company’s stock valued at $5,511,000 after buying an additional 4,183 shares during the last quarter. 68.10% of the stock is currently owned by institutional investors.

Ranger Energy Services Price Performance

Ranger Energy Services stock opened at $12.59 on Wednesday. The stock’s 50 day moving average is $13.90 and its 200 day moving average is $15.02. The firm has a market cap of $280.17 million, a P/E ratio of 19.08 and a beta of 0.27. Ranger Energy Services has a one year low of $9.27 and a one year high of $18.45.

Ranger Energy Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.06 dividend. This is an increase from Ranger Energy Services’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Friday, March 14th. Ranger Energy Services’s payout ratio is presently 29.27%.

Ranger Energy Services Company 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.