Boston Partners Sells 45,715 Shares of Ranger Energy Services, Inc. (NYSE:RNGR)

Boston Partners lowered its position in shares of Ranger Energy Services, Inc. (NYSE:RNGR) by 67.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 21,658 shares of the company’s stock after selling 45,715 shares during the quarter. Boston Partners’ holdings in Ranger Energy Services were worth $335,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RNGR. Royce & Associates LP boosted its position in shares of 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. Geode Capital Management LLC boosted its holdings in shares of Ranger Energy Services by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 351,793 shares of the company’s stock worth $4,190,000 after buying an additional 11,921 shares in the last quarter. State Street Corp grew its position in shares of Ranger Energy Services by 2.5% during the 3rd quarter. State Street Corp now owns 323,244 shares of the company’s stock worth $3,850,000 after buying an additional 8,008 shares during the period. Acuitas Investments LLC bought a new stake in shares of Ranger Energy Services in the 4th quarter valued at $2,294,000. Finally, Empowered Funds LLC lifted its position in shares of Ranger Energy Services by 5.1% during the 4th quarter. Empowered Funds LLC now owns 130,625 shares of the company’s stock valued at $2,022,000 after acquiring an additional 6,381 shares during the period. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ranger Energy Services

In other news, Director Brett T. Agee sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $14.61, for a total value of $438,300.00. Following the transaction, the director now owns 1,803,539 shares in the company, valued at $26,349,704.79. This trade represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 43,882 shares of company stock valued at $639,858 in the last three months. Corporate insiders own 2.00% of the company’s stock.

Ranger Energy Services Trading Down 2.3 %

NYSE:RNGR opened at $14.17 on Monday. Ranger Energy Services, Inc. has a 12 month low of $9.27 and a 12 month high of $18.45. The stock has a market capitalization of $315.33 million, a price-to-earnings ratio of 21.47 and a beta of 0.56. The firm has a fifty day simple moving average of $16.47 and a two-hundred day simple moving average of $14.88.

Ranger Energy Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Ranger Energy Services’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.69%. Ranger Energy Services’s dividend payout ratio (DPR) is currently 29.27%.

Ranger Energy Services 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.