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

EntryPoint Capital LLC bought a new stake in Ranger Energy Services, Inc. (NYSE:RNGR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 19,876 shares of the company’s stock, valued at approximately $308,000. EntryPoint Capital LLC owned 0.09% of Ranger Energy Services at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RNGR. Quest Partners LLC increased its holdings in Ranger Energy Services by 24.4% in the 3rd quarter. Quest Partners LLC now owns 3,687 shares of the company’s stock valued at $44,000 after purchasing an additional 723 shares in the last quarter. AlphaQuest LLC boosted its position in shares of 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 during the period. Quantbot Technologies LP acquired a new stake in shares of Ranger Energy Services in the fourth quarter valued at about $103,000. Globeflex Capital L P purchased a new stake in shares of Ranger Energy Services during the 4th quarter valued at about $115,000. Finally, SG Americas Securities LLC lifted its position in Ranger Energy Services by 17.2% during the 4th quarter. SG Americas Securities LLC now owns 14,417 shares of the company’s stock worth $223,000 after acquiring an additional 2,114 shares in the last quarter. Institutional investors and hedge funds own 68.10% of the company’s stock.

Ranger Energy Services Stock Up 0.2 %

Shares of NYSE:RNGR opened at $14.88 on Friday. The company has a market capitalization of $331.01 million, a price-to-earnings ratio of 22.54 and a beta of 0.56. The company has a 50 day moving average of $16.28 and a two-hundred day moving average of $14.92. Ranger Energy Services, Inc. has a 52-week low of $9.27 and a 52-week high of $18.45.

Ranger Energy Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued 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 dividend payout ratio (DPR) is presently 29.27%.

Insiders Place Their Bets

In other news, Director Brett T. Agee sold 13,343 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $14.52, for a total transaction of $193,740.36. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 43,882 shares of company stock worth $639,858 in the last quarter. 3.00% of the stock is owned by corporate insiders.

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.