WINTON GROUP Ltd Makes New $386,000 Investment in Ranger Energy Services, Inc. (NYSE:RNGR)

WINTON GROUP Ltd bought a new position in shares of Ranger Energy Services, Inc. (NYSE:RNGR) during the second quarter, Holdings Channel reports. The fund bought 36,670 shares of the company’s stock, valued at approximately $386,000.

A number of other institutional investors also recently bought and sold shares of RNGR. American Century Companies Inc. raised its stake in shares of Ranger Energy Services by 29.4% in the 2nd quarter. American Century Companies Inc. now owns 277,403 shares of the company’s stock valued at $2,918,000 after acquiring an additional 63,006 shares during the period. Koss Olinger Consulting LLC purchased a new stake in shares of Ranger Energy Services in the 2nd quarter valued at approximately $484,000. Acadian Asset Management LLC purchased a new stake in shares of Ranger Energy Services in the 2nd quarter valued at approximately $125,000. Foundry Partners LLC raised its stake in shares of Ranger Energy Services by 36.3% in the 2nd quarter. Foundry Partners LLC now owns 409,576 shares of the company’s stock valued at $4,309,000 after acquiring an additional 109,081 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Ranger Energy Services by 4.2% during the 2nd quarter. Victory Capital Management Inc. now owns 38,834 shares of the company’s stock worth $409,000 after buying an additional 1,576 shares during the period. 68.10% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Ranger Energy Services news, SVP J. Matt Hooker sold 7,803 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $11.92, for a total transaction of $93,011.76. Following the completion of the transaction, the senior vice president now owns 100,403 shares in the company, valued at approximately $1,196,803.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by company insiders.

Ranger Energy Services Stock Down 1.1 %

Shares of RNGR opened at $12.13 on Thursday. Ranger Energy Services, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $14.64. The company has a market cap of $277.57 million, a P/E ratio of 17.84 and a beta of 0.49. The firm’s 50 day moving average price is $11.73 and its 200 day moving average price is $11.03.

Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.06 by $0.15. Ranger Energy Services had a net margin of 2.61% and a return on equity of 5.73%. The company had revenue of $138.10 million during the quarter, compared to analysts’ expectations of $138.00 million. During the same quarter in the previous year, the business posted $0.24 EPS.

Ranger Energy Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Friday, August 9th. Ranger Energy Services’s dividend payout ratio (DPR) is presently 29.41%.

Analyst Ratings Changes

Several brokerages recently weighed in on RNGR. Piper Sandler cut their target price on shares of Ranger Energy Services from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Barclays upped their target price on shares of Ranger Energy Services from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Friday, August 16th.

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.