Quantbot Technologies LP Takes $103,000 Position in Ranger Energy Services, Inc. (NYSE:RNGR)

Quantbot Technologies LP acquired a new position in Ranger Energy Services, Inc. (NYSE:RNGR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,628 shares of the company’s stock, valued at approximately $103,000.

A number of other institutional investors and hedge funds have also bought and sold shares of RNGR. Semanteon Capital Management LP bought a new position in Ranger Energy Services in the fourth quarter valued at $287,000. Royce & Associates LP increased its position in shares of Ranger Energy Services by 5.8% during the 4th quarter. Royce & Associates LP now owns 1,038,772 shares of the company’s stock valued at $16,080,000 after purchasing an additional 56,774 shares during the last quarter. Globeflex Capital L P purchased a new position in shares of Ranger Energy Services during the 4th quarter valued at about $115,000. Inspire Advisors LLC bought a new stake in Ranger Energy Services in the 4th quarter worth approximately $411,000. Finally, AlphaQuest LLC boosted its stake 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 buying an additional 2,842 shares in the last quarter. 68.10% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Ranger Energy Services news, Director Brett T. Agee sold 13,343 shares of Ranger Energy Services stock in a transaction that occurred on Wednesday, March 19th. The stock was 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 of the company’s stock, valued at $25,878,008.64. The trade was a 0.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 43,882 shares of company stock valued at $639,858 over the last three months. Insiders own 3.00% of the company’s stock.

Ranger Energy Services Stock Performance

RNGR stock opened at $14.15 on Tuesday. The company has a market capitalization of $314.88 million, a PE ratio of 21.44 and a beta of 0.56. Ranger Energy Services, Inc. has a one year low of $9.27 and a one year high of $18.45. The company’s 50 day moving average price is $16.15 and its two-hundred day moving average price is $15.00.

Ranger Energy Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Ranger Energy Services’s previous quarterly dividend of $0.05. Ranger Energy Services’s dividend payout ratio (DPR) is presently 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.