Foundry Partners LLC Acquires 206,580 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

Foundry Partners LLC increased its holdings in Ranger Energy Services, Inc. (NYSE:RNGR) by 419.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 255,830 shares of the company’s stock after buying an additional 206,580 shares during the period. Foundry Partners LLC owned 1.05% of Ranger Energy Services worth $2,617,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Copeland Capital Management LLC bought a new position in Ranger Energy Services in the 4th quarter valued at $29,000. Barclays PLC boosted its holdings in Ranger Energy Services by 120.8% in the 2nd quarter. Barclays PLC now owns 3,138 shares of the company’s stock valued at $33,000 after purchasing an additional 1,717 shares during the period. Quantbot Technologies LP bought a new position in Ranger Energy Services in the 3rd quarter valued at $45,000. Allspring Global Investments Holdings LLC bought a new position in Ranger Energy Services in the 3rd quarter valued at $105,000. Finally, Brandywine Global Investment Management LLC bought a new stake in shares of Ranger Energy Services during the 3rd quarter worth $161,000. 68.10% of the stock is owned by institutional investors.

Insider Transactions at Ranger Energy Services

In other news, Director Charles S. Leykum sold 215,000 shares of Ranger Energy Services stock in a transaction on Monday, March 25th. The shares were sold at an average price of $11.14, for a total transaction of $2,395,100.00. Following the completion of the sale, the director now directly owns 3,754,000 shares of the company’s stock, valued at approximately $41,819,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Charles S. Leykum sold 215,000 shares of Ranger Energy Services stock in a transaction on Monday, March 25th. The shares were sold at an average price of $11.14, for a total value of $2,395,100.00. Following the transaction, the director now owns 3,754,000 shares in the company, valued at approximately $41,819,560. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles S. Leykum sold 25,000 shares of Ranger Energy Services stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $11.40, for a total transaction of $285,000.00. Following the completion of the transaction, the director now owns 3,969,000 shares in the company, valued at approximately $45,246,600. The disclosure for this sale can be found here. In the last ninety days, insiders sold 378,000 shares of company stock valued at $4,212,500. Insiders own 2.00% of the company’s stock.

Ranger Energy Services Stock Performance

NYSE RNGR opened at $10.73 on Tuesday. Ranger Energy Services, Inc. has a 52-week low of $9.27 and a 52-week high of $14.64. The company has a market capitalization of $243.14 million, a P/E ratio of 11.18 and a beta of 0.60. The company has a fifty day moving average of $11.00 and a 200-day moving average of $10.92.

Ranger Energy Services (NYSE:RNGR) last posted its quarterly earnings data on Tuesday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.24). Ranger Energy Services had a return on equity of 8.67% and a net margin of 3.74%. The company had revenue of $151.50 million for the quarter, compared to the consensus estimate of $151.00 million. During the same period in the prior year, the firm posted $0.30 earnings per share. As a group, analysts forecast that Ranger Energy Services, Inc. will post 0.84 EPS for the current fiscal year.

Ranger Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Thursday, March 14th. Ranger Energy Services’s dividend payout ratio is currently 20.83%.

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.