Rhumbline Advisers Purchases 3,528 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

Rhumbline Advisers lifted its position in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 18.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,034 shares of the company’s stock after purchasing an additional 3,528 shares during the period. Rhumbline Advisers’ holdings in Ranger Energy Services were worth $242,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Ranger Energy Services by 0.8% in the first quarter. Vanguard Group Inc. now owns 704,514 shares of the company’s stock valued at $7,954,000 after acquiring an additional 5,869 shares during the last quarter. Gendell Jeffrey L boosted its holdings in shares of Ranger Energy Services by 409.6% in the 1st quarter. Gendell Jeffrey L now owns 538,190 shares of the company’s stock worth $6,076,000 after purchasing an additional 432,570 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Ranger Energy Services by 6.3% in the 4th quarter. Franklin Resources Inc. now owns 419,900 shares of the company’s stock valued at $4,296,000 after purchasing an additional 24,900 shares in the last quarter. Foundry Partners LLC lifted its stake in shares of Ranger Energy Services by 17.5% in the 1st quarter. Foundry Partners LLC now owns 300,495 shares of the company’s stock valued at $3,393,000 after acquiring an additional 44,665 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Ranger Energy Services by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 220,488 shares of the company’s stock worth $2,320,000 after purchasing an additional 8,798 shares during the last quarter. 68.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP J. Matt Hooker sold 7,803 shares of Ranger Energy Services stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $12.27, for a total transaction of $95,742.81. Following the completion of the transaction, the senior vice president now directly owns 92,600 shares of the company’s stock, valued at approximately $1,136,202. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Ranger Energy Services Trading Up 2.4 %

NYSE:RNGR opened at $11.71 on Friday. The company has a 50 day simple moving average of $11.87 and a two-hundred day simple moving average of $11.08. The company has a market cap of $260.20 million, a PE ratio of 17.22 and a beta of 0.49. Ranger Energy Services, Inc. has a 12 month low of $9.27 and a 12 month high of $14.64.

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

Ranger Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.20 annualized dividend and a yield of 1.71%. Ranger Energy Services’s payout ratio is 29.41%.

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.