Ranger Energy Services, Inc. (NYSE:RNGR) Director Sells $438,300.00 in 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 Monday. 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 $14.81.

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 Trading of Ranger Energy Services

A number of large investors have recently made changes to their positions in the stock. Royce & Associates LP grew its stake in shares of Ranger Energy Services by 5.8% in the fourth quarter. Royce & Associates LP now owns 1,038,772 shares of the company’s stock worth $16,080,000 after acquiring an additional 56,774 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Ranger Energy Services by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,034,476 shares of the company’s stock worth $16,013,000 after acquiring an additional 75,088 shares during the period. Foundry Partners LLC grew its stake in shares of Ranger Energy Services by 10.1% in the third quarter. Foundry Partners LLC now owns 450,897 shares of the company’s stock worth $5,370,000 after acquiring an additional 41,321 shares during the period. American Century Companies Inc. grew its stake in shares of Ranger Energy Services by 12.4% in the fourth quarter. American Century Companies Inc. now owns 408,927 shares of the company’s stock worth $6,330,000 after acquiring an additional 45,074 shares during the period. Finally, Bridgeway Capital Management LLC grew its stake in shares of Ranger Energy Services by 1.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 377,231 shares of the company’s stock worth $5,840,000 after acquiring an additional 4,381 shares during the period. 68.10% of the stock is currently owned by 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.