Meeder Asset Management Inc. Acquires New Holdings in Ranger Energy Services, Inc. (NYSE:RNGR)

Meeder Asset Management Inc. bought a new position in Ranger Energy Services, Inc. (NYSE:RNGR) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,702 shares of the company’s stock, valued at approximately $26,000.

Several other hedge funds have also modified their holdings of RNGR. O Shaughnessy Asset Management LLC increased its position in shares of Ranger Energy Services by 42.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 196,423 shares of the company’s stock worth $3,041,000 after purchasing an additional 58,234 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Ranger Energy Services by 54.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 288,805 shares of the company’s stock worth $4,471,000 after buying an additional 102,313 shares during the last quarter. JPMorgan Chase & Co. increased its position in Ranger Energy Services by 502.5% during the 4th quarter. JPMorgan Chase & Co. now owns 42,153 shares of the company’s stock valued at $653,000 after buying an additional 35,157 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Ranger Energy Services in the fourth quarter worth about $308,000. Finally, Prudential Financial Inc. grew its stake in shares of Ranger Energy Services by 102.4% during the fourth quarter. Prudential Financial Inc. now owns 219,222 shares of the company’s stock worth $3,394,000 after acquiring an additional 110,907 shares during the last quarter. 68.10% of the stock is owned by hedge funds and other institutional investors.

Ranger Energy Services Stock Up 0.6 %

RNGR stock opened at $14.47 on Thursday. The stock has a market capitalization of $322.00 million, a PE ratio of 21.92 and a beta of 0.56. Ranger Energy Services, Inc. has a 52 week low of $9.27 and a 52 week high of $18.45. The firm has a 50 day moving average of $16.01 and a 200 day moving average of $15.02.

Ranger Energy Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Ranger Energy Services’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.66%. Ranger Energy Services’s payout ratio is 29.27%.

Insider Activity at Ranger Energy Services

In related news, Director Brett T. Agee sold 30,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 approximately $26,349,704.79. This represents a 1.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 43,882 shares of company stock valued at $639,858 in the last ninety days. Company insiders own 3.00% of the company’s stock.

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.