EntryPoint Capital LLC Makes New $308,000 Investment in Ranger Energy Services, Inc. (NYSE:RNGR)

EntryPoint Capital LLC purchased a new stake in Ranger Energy Services, Inc. (NYSE:RNGR) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 19,876 shares of the company’s stock, valued at approximately $308,000.

Several other institutional investors and hedge funds have also made changes to their positions in RNGR. Royce & Associates LP raised its holdings in shares of Ranger Energy Services by 5.8% during the fourth 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 during the period. American Century Companies Inc. lifted its holdings 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 acquiring an additional 45,074 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Ranger Energy Services by 3.5% during the third quarter. Geode Capital Management LLC now owns 351,793 shares of the company’s stock valued at $4,190,000 after purchasing an additional 11,921 shares during the last quarter. State Street Corp lifted its holdings in shares of Ranger Energy Services by 2.5% in the 3rd quarter. State Street Corp now owns 323,244 shares of the company’s stock worth $3,850,000 after purchasing an additional 8,008 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in Ranger Energy Services during the 4th quarter valued at approximately $3,756,000. 68.10% of the stock is owned by institutional investors and hedge funds.

Ranger Energy Services Price Performance

Shares of NYSE RNGR opened at $14.88 on Friday. The firm has a market capitalization of $331.01 million, a PE ratio of 22.54 and a beta of 0.56. Ranger Energy Services, Inc. has a 1-year low of $9.27 and a 1-year high of $18.45. The business’s fifty day moving average price is $16.28 and its two-hundred day moving average price is $14.92.

Ranger Energy Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.61%. This is a positive change from Ranger Energy Services’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, March 14th. Ranger Energy Services’s payout ratio is presently 29.27%.

Insiders Place Their Bets

In other news, Director Brett T. Agee sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $14.61, for a total transaction of $438,300.00. Following the completion of the transaction, the director now directly owns 1,803,539 shares in the company, valued at approximately $26,349,704.79. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 43,882 shares of company stock worth $639,858. Insiders own 3.00% of the company’s stock.

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.