Brett T. Agee Sells 13,343 Shares of Ranger Energy Services, Inc. (NYSE:RNGR) Stock

Ranger Energy Services, Inc. (NYSE:RNGR) 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 transaction 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 approximately $25,878,008.64. This trade represents a 0.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ranger Energy Services Trading Up 0.3 %

Shares of Ranger Energy Services stock traded up $0.04 during trading hours on Thursday, reaching $14.50. The stock had a trading volume of 82,821 shares, compared to its average volume of 110,314. Ranger Energy Services, Inc. has a twelve month low of $9.27 and a twelve month high of $18.45. The stock’s 50 day moving average is $16.52 and its 200 day moving average is $14.83. The firm has a market capitalization of $322.65 million, a PE ratio of 21.97 and a beta of 0.56.

Ranger Energy Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, March 14th. This is an increase from Ranger Energy Services’s previous quarterly dividend of $0.05. Ranger Energy Services’s dividend payout ratio is 29.27%.

Institutional Trading of Ranger Energy Services

A number of hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new stake in shares of Ranger Energy Services in the 4th quarter valued at approximately $26,000. Quest Partners LLC boosted its position 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 purchasing an additional 723 shares during the period. Quarry LP acquired a new stake in Ranger Energy Services during the 4th quarter worth approximately $65,000. Deutsche Bank AG acquired a new stake in Ranger Energy Services during the 4th quarter worth approximately $92,000. Finally, AlphaQuest LLC lifted its holdings in Ranger Energy Services by 77.1% during the 4th 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. Institutional investors and hedge funds own 68.10% of the company’s stock.

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.