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

WINTON GROUP Ltd acquired a new stake in Ranger Energy Services, Inc. (NYSE:RNGR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 36,670 shares of the company’s stock, valued at approximately $386,000. WINTON GROUP Ltd owned about 0.16% of Ranger Energy Services at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. CWM LLC lifted its holdings in Ranger Energy Services by 60.2% in the second quarter. CWM LLC now owns 3,512 shares of the company’s stock worth $37,000 after buying an additional 1,320 shares during the period. Victory Capital Management Inc. boosted its stake in shares of 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 acquiring an additional 1,576 shares during the last quarter. Gladius Capital Management LP purchased a new position in shares of Ranger Energy Services during the 2nd quarter worth $30,000. Rhumbline Advisers lifted its stake in shares of Ranger Energy Services by 18.1% during the 2nd quarter. Rhumbline Advisers now owns 23,034 shares of the company’s stock valued at $242,000 after buying an additional 3,528 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Ranger Energy Services by 10.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 44,860 shares of the company’s stock valued at $506,000 after buying an additional 4,072 shares in the last quarter. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on RNGR shares. Barclays upped their target price 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. Piper Sandler dropped their price objective 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.

Insider Buying and Selling

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

Ranger Energy Services Price Performance

Shares of Ranger Energy Services stock opened at $12.13 on Thursday. Ranger Energy Services, Inc. has a 1 year low of $9.27 and a 1 year high of $14.64. The firm has a fifty day moving average price of $11.73 and a 200 day moving average price of $11.03. The stock has a market cap of $277.57 million, a PE ratio of 17.84 and a beta of 0.49.

Ranger Energy Services (NYSE:RNGR) last announced its earnings results on Monday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, beating 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 business had revenue of $138.10 million for the quarter, compared to analyst estimates of $138.00 million. During the same quarter last year, the business earned $0.24 earnings per share.

Ranger Energy Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.05 per share. The ex-dividend date was Friday, August 9th. This represents a $0.20 dividend on an annualized basis and a yield of 1.65%. Ranger Energy Services’s payout ratio is presently 29.41%.

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.