Foundry Partners LLC Has $5.37 Million Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Foundry Partners LLC increased its position in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 10.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 450,897 shares of the company’s stock after buying an additional 41,321 shares during the period. Foundry Partners LLC’s holdings in Ranger Energy Services were worth $5,370,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC boosted its holdings in shares of Ranger Energy Services by 24.4% during the 3rd quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock worth $44,000 after buying an additional 723 shares in the last quarter. CWM LLC grew its stake in shares of Ranger Energy Services by 60.2% during the 2nd quarter. CWM LLC now owns 3,512 shares of the company’s stock worth $37,000 after acquiring an additional 1,320 shares during the period. Victory Capital Management Inc. boosted its stake in Ranger Energy Services by 4.2% in the 2nd quarter. Victory Capital Management Inc. now owns 38,834 shares of the company’s stock worth $409,000 after purchasing an additional 1,576 shares during the period. Gladius Capital Management LP bought a new stake in shares of Ranger Energy Services during the 2nd quarter valued at about $30,000. Finally, Rhumbline Advisers boosted its position 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 acquiring an additional 3,528 shares during the last quarter. 68.10% of the stock is owned by institutional investors.

Ranger Energy Services Trading Up 0.8 %

Shares of RNGR opened at $16.70 on Friday. The business’s 50 day moving average is $13.11 and its 200 day moving average is $11.71. The company has a market capitalization of $371.58 million, a PE ratio of 25.30 and a beta of 0.49. Ranger Energy Services, Inc. has a 12-month low of $9.27 and a 12-month high of $17.04.

Ranger Energy Services (NYSE:RNGR) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The firm had revenue of $153.00 million during the quarter. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%. During the same period in the prior year, the business posted $0.38 earnings per share.

Ranger Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 1.20%. Ranger Energy Services’s payout ratio is 30.30%.

Wall Street Analyst Weigh In

Separately, Barclays lifted their price target on Ranger Energy Services from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Friday, August 16th.

Insider Buying and Selling at Ranger Energy Services

In other news, SVP J. Matt Hooker sold 7,803 shares of Ranger Energy Services stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $12.27, for a total transaction of $95,742.81. Following the sale, the senior vice president now owns 92,600 shares in the company, valued at approximately $1,136,202. The trade was a 7.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.00% of the company’s stock.

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.