Hillsdale Investment Management Inc. Buys New Position in Ranger Energy Services, Inc. (NYSE:RNGR)

Hillsdale Investment Management Inc. purchased a new position in Ranger Energy Services, Inc. (NYSE:RNGR) during the 4th quarter, Holdings Channel reports. The fund purchased 242,650 shares of the company’s stock, valued at approximately $3,756,000.

Several other institutional investors and hedge funds have also modified their holdings of RNGR. Royce & Associates LP increased its stake in shares of Ranger Energy Services by 5.8% in the 4th quarter. Royce & Associates LP now owns 1,038,772 shares of the company’s stock worth $16,080,000 after purchasing an additional 56,774 shares in the last quarter. American Century Companies Inc. increased its position in Ranger Energy Services by 12.4% in the fourth quarter. American Century Companies Inc. now owns 408,927 shares of the company’s stock worth $6,330,000 after buying an additional 45,074 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Ranger Energy Services by 3.5% in the third quarter. Geode Capital Management LLC now owns 351,793 shares of the company’s stock worth $4,190,000 after buying an additional 11,921 shares during the period. State Street Corp lifted its position in shares of Ranger Energy Services by 2.5% during the 3rd quarter. State Street Corp now owns 323,244 shares of the company’s stock valued at $3,850,000 after buying an additional 8,008 shares in the last quarter. Finally, Acuitas Investments LLC bought a new position in shares of Ranger Energy Services during the 4th quarter valued at approximately $2,294,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Insider Activity

In other news, Director Brett T. Agee sold 13,343 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $14.52, for a total value of $193,740.36. Following the completion of the transaction, the director now owns 1,782,232 shares of the company’s stock, valued at $25,878,008.64. This represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 43,882 shares of company stock worth $639,858 in the last three months. Company insiders own 2.00% of the company’s stock.

Ranger Energy Services Trading Down 2.3 %

Ranger Energy Services stock opened at $14.17 on Friday. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $18.45. The firm has a market capitalization of $315.33 million, a price-to-earnings ratio of 21.47 and a beta of 0.56. The firm has a 50 day moving average of $16.47 and a 200 day moving average of $14.86.

Ranger Energy Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Ranger Energy Services’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.69%. Ranger Energy Services’s dividend payout ratio is 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.