Foundry Partners LLC Has $5.37 Million Position in Ranger Energy Services, Inc. (NYSE:RNGR)

Foundry Partners LLC grew its position in Ranger Energy Services, Inc. (NYSE:RNGR) by 10.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 450,897 shares of the company’s stock after purchasing an additional 41,321 shares during the period. Foundry Partners LLC owned about 2.03% of Ranger Energy Services worth $5,370,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in RNGR. Magnolia Capital Advisors LLC bought a new stake in shares of Ranger Energy Services during the 2nd quarter worth approximately $5,337,000. Gendell Jeffrey L raised its position in Ranger Energy Services by 409.6% in the first quarter. Gendell Jeffrey L now owns 538,190 shares of the company’s stock valued at $6,076,000 after purchasing an additional 432,570 shares during the last quarter. Kestrel Investment Management Corp bought a new position in Ranger Energy Services in the second quarter valued at about $1,551,000. AQR Capital Management LLC raised its position in shares of Ranger Energy Services by 33.5% during the second quarter. AQR Capital Management LLC now owns 449,028 shares of the company’s stock worth $4,724,000 after acquiring an additional 112,634 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Ranger Energy Services by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 903,789 shares of the company’s stock worth $9,508,000 after purchasing an additional 107,853 shares in the last quarter. 68.10% of the stock is owned by institutional investors.

Ranger Energy Services Price Performance

RNGR opened at $16.70 on Friday. The business has a 50 day simple moving average of $13.11 and a two-hundred day simple moving average of $11.71. The firm has a market capitalization of $371.58 million, a price-to-earnings ratio of 25.30 and a beta of 0.49. Ranger Energy Services, Inc. has a one year low of $9.27 and a one year high of $17.04.

Ranger Energy Services (NYSE:RNGR) last posted its earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. Ranger Energy Services had a return on equity of 5.54% and a net margin of 2.54%. The business had revenue of $153.00 million during the quarter. During the same period in the previous year, the business posted $0.38 EPS.

Ranger Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.05 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.20 annualized dividend and a yield of 1.20%. Ranger Energy Services’s dividend payout ratio (DPR) is currently 30.30%.

Wall Street Analyst Weigh In

Separately, Barclays lifted their target price on Ranger Energy Services from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Friday, August 16th.

Insiders Place Their Bets

In related news, SVP J. Matt Hooker sold 7,803 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $12.27, for a total value of $95,742.81. Following the transaction, the senior vice president now directly owns 92,600 shares of the company’s stock, valued at approximately $1,136,202. This trade represents a 7.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by company insiders.

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.