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

Hillsdale Investment Management Inc. purchased a new stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 242,650 shares of the company’s stock, valued at approximately $3,756,000. Hillsdale Investment Management Inc. owned approximately 1.09% of Ranger Energy Services as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Royce & Associates LP increased its stake in Ranger Energy Services by 5.8% during the 4th quarter. Royce & Associates LP now owns 1,038,772 shares of the company’s stock valued at $16,080,000 after purchasing an additional 56,774 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Ranger Energy Services by 12.4% during the fourth quarter. American Century Companies Inc. now owns 408,927 shares of the company’s stock valued at $6,330,000 after buying an additional 45,074 shares during the last quarter. Geode Capital Management LLC increased its position 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 acquiring an additional 11,921 shares in the last quarter. State Street Corp raised its holdings in 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 acquiring an additional 8,008 shares during the last quarter. Finally, Acuitas Investments LLC bought a new position in Ranger Energy Services in the 4th quarter valued at approximately $2,294,000. 68.10% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 value of $193,740.36. Following the sale, the director now owns 1,782,232 shares in the company, valued at approximately $25,878,008.64. This trade represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders sold 43,882 shares of company stock valued at $639,858. 2.00% of the stock is owned by insiders.

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 stock has a fifty day simple moving average of $16.47 and a two-hundred day simple moving average of $14.86. The firm has a market cap of $315.33 million, a price-to-earnings ratio of 21.47 and a beta of 0.56.

Ranger Energy Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.69%. This is an increase 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%.

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.