Acadian Asset Management LLC Invests $125,000 in Ranger Energy Services, Inc. (NYSE:RNGR)

Acadian Asset Management LLC acquired a new stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,899 shares of the company’s stock, valued at approximately $125,000. Acadian Asset Management LLC owned about 0.05% of Ranger Energy Services at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Foundry Partners LLC boosted its position in Ranger Energy Services by 36.3% in the second quarter. Foundry Partners LLC now owns 409,576 shares of the company’s stock valued at $4,309,000 after buying an additional 109,081 shares during the last quarter. Victory Capital Management Inc. lifted 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 valued at $409,000 after acquiring an additional 1,576 shares during the period. Rhumbline Advisers boosted its holdings in shares of Ranger Energy Services by 18.1% in the 2nd quarter. Rhumbline Advisers now owns 23,034 shares of the company’s stock valued at $242,000 after acquiring an additional 3,528 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Ranger Energy Services by 27.9% in the second quarter. Ritholtz Wealth Management now owns 48,406 shares of the company’s stock worth $509,000 after acquiring an additional 10,560 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Ranger Energy Services by 4.2% during 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 owned by institutional investors and hedge funds.

Insider Transactions at Ranger Energy Services

In other Ranger Energy Services news, SVP J. Matt Hooker sold 7,803 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 100,403 shares of the company’s stock, valued at $1,196,803.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Ranger Energy Services Stock Performance

RNGR stock opened at $12.15 on Friday. Ranger Energy Services, Inc. has a one year low of $9.27 and a one year high of $14.64. The firm’s fifty day moving average is $11.79 and its 200 day moving average is $11.05. The firm has a market cap of $269.97 million, a PE ratio of 17.87 and a beta of 0.49.

Ranger Energy Services (NYSE:RNGR) last posted its earnings results on Monday, July 29th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.15. The firm had revenue of $138.10 million for the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.24 EPS.

Ranger Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend 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%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RNGR shares. Piper Sandler decreased their price objective on Ranger Energy Services from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, July 15th. Barclays boosted their price target on Ranger Energy Services from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Friday, August 16th.

Ranger Energy Services 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.