Ranger Energy Services, Inc. (NYSE:RNGR - Get Free Report) Director Brett T. Agee sold 13,343 shares of the company'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 directly owns 1,782,232 shares of the company's stock, valued at $25,878,008.64. The trade was a 0.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Ranger Energy Services Price Performance
RNGR opened at $14.50 on Friday. The business's 50-day moving average price is $16.50 and its two-hundred day moving average price is $14.83. The company has a market capitalization of $322.65 million, a price-to-earnings ratio of 21.97 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.
Ranger Energy Services Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost 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
Several hedge funds and other institutional investors have recently modified their holdings of RNGR. PharVision Advisers LLC bought a new stake in Ranger Energy Services in the 4th quarter valued at about $245,000. Squarepoint Ops LLC acquired a new position in Ranger Energy Services during the 4th quarter worth approximately $429,000. Two Sigma Advisers LP lifted its stake in shares of Ranger Energy Services by 49.4% in the 4th quarter. Two Sigma Advisers LP now owns 34,500 shares of the company's stock valued at $534,000 after acquiring an additional 11,400 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Ranger Energy Services by 60.2% in the fourth quarter. Two Sigma Investments LP now owns 77,056 shares of the company's stock valued at $1,193,000 after buying an additional 28,965 shares during the period. Finally, Man Group plc acquired a new position in shares of Ranger Energy Services during the fourth quarter worth $887,000. Institutional investors own 68.10% of the company's stock.
About Ranger Energy Services
(
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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.
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