Meeder Asset Management Inc. Invests $26,000 in Ranger Energy Services, Inc. (NYSE:RNGR)

Meeder Asset Management Inc. purchased a new stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,702 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors have also added to or reduced their stakes in the company. AlphaQuest LLC grew its position in Ranger Energy Services by 77.1% in the fourth quarter. AlphaQuest LLC now owns 6,529 shares of the company’s stock worth $101,000 after acquiring an additional 2,842 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Ranger Energy Services in the 4th quarter worth approximately $103,000. Globeflex Capital L P bought a new position in shares of Ranger Energy Services during the 4th quarter valued at approximately $115,000. SG Americas Securities LLC raised its holdings in Ranger Energy Services by 17.2% during the 4th quarter. SG Americas Securities LLC now owns 14,417 shares of the company’s stock valued at $223,000 after buying an additional 2,114 shares during the period. Finally, Semanteon Capital Management LP bought a new stake in Ranger Energy Services in the fourth quarter worth $287,000. Hedge funds and other institutional investors 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 company’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. This represents a 0.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 43,882 shares of company stock worth $639,858 in the last quarter. 3.00% of the stock is owned by company insiders.

Ranger Energy Services Price Performance

Ranger Energy Services stock opened at $14.47 on Thursday. The firm has a market capitalization of $322.00 million, a P/E ratio of 21.92 and a beta of 0.56. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $18.45. The company’s 50-day moving average is $16.01 and its 200 day moving average is $15.02.

Ranger Energy Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.06 per share. This is a positive change from Ranger Energy Services’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, March 14th. Ranger Energy Services’s dividend payout ratio (DPR) is currently 29.27%.

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.