Boston Partners Sells 45,715 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

Boston Partners lowered its stake in Ranger Energy Services, Inc. (NYSE:RNGR) by 67.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,658 shares of the company’s stock after selling 45,715 shares during the quarter. Boston Partners owned approximately 0.10% of Ranger Energy Services worth $335,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in RNGR. Geode Capital Management LLC lifted its stake in Ranger Energy Services by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 351,793 shares of the company’s stock valued at $4,190,000 after purchasing 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 valued at $398,000 after acquiring an additional 15,139 shares in the last quarter. Quest Partners LLC grew its position in Ranger Energy Services by 24.4% during the 3rd quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock worth $44,000 after acquiring an additional 723 shares during the last quarter. Inspire Advisors LLC acquired a new position in Ranger Energy Services in the 4th quarter worth about $411,000. Finally, Ritholtz Wealth Management raised its position in 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 during the last quarter. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ranger Energy Services

In other Ranger Energy Services news, Director Brett T. Agee sold 30,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $14.61, for a total value of $438,300.00. Following the sale, the director now owns 1,803,539 shares in the company, valued at approximately $26,349,704.79. The trade was a 1.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 43,882 shares of company stock worth $639,858. 2.00% of the stock is currently owned by company insiders.

Ranger Energy Services Trading Down 2.3 %

NYSE:RNGR opened at $14.17 on Monday. The stock’s 50-day moving average is $16.47 and its 200-day moving average is $14.88. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $18.45. The stock has a market cap of $315.33 million, a P/E ratio of 21.47 and a beta of 0.56.

Ranger Energy Services Increases Dividend

The firm 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 dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.69%. This is a positive change from Ranger Energy Services’s previous quarterly dividend of $0.05. The ex-dividend date is 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.