Semanteon Capital Management LP Invests $287,000 in Ranger Energy Services, Inc. (NYSE:RNGR)

Semanteon Capital Management LP purchased a new position in Ranger Energy Services, Inc. (NYSE:RNGR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,562 shares of the company’s stock, valued at approximately $287,000. Semanteon Capital Management LP owned 0.08% of Ranger Energy Services at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RNGR. Acuitas Investments LLC bought a new position in shares of Ranger Energy Services in the fourth quarter worth $2,294,000. Royce & Associates LP boosted its holdings in shares of Ranger Energy Services by 5.8% in the fourth quarter. Royce & Associates LP now owns 1,038,772 shares of the company’s stock worth $16,080,000 after acquiring an additional 56,774 shares during the period. Foundry Partners LLC boosted its holdings in shares of Ranger Energy Services by 10.1% in the third quarter. Foundry Partners LLC now owns 450,897 shares of the company’s stock worth $5,370,000 after acquiring an additional 41,321 shares during the period. Ritholtz Wealth Management boosted its holdings in shares of Ranger Energy Services by 58.2% in the fourth quarter. Ritholtz Wealth Management now owns 97,559 shares of the company’s stock worth $1,510,000 after acquiring an additional 35,904 shares during the period. Finally, Inspire Advisors LLC bought a new stake in Ranger Energy Services during the fourth quarter valued at $411,000. 68.10% of the stock is owned by institutional investors.

Insider Activity at Ranger Energy Services

In related news, Director Brett T. Agee sold 30,000 shares of Ranger Energy Services stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $14.61, for a total transaction of $438,300.00. Following the completion of the sale, the director now owns 1,803,539 shares of the company’s stock, valued at approximately $26,349,704.79. This trade represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 43,882 shares of company stock valued at $639,858. Company insiders own 2.00% of the company’s stock.

Ranger Energy Services Stock Performance

NYSE:RNGR opened at $14.17 on Friday. The firm has a market capitalization of $315.33 million, a price-to-earnings ratio of 21.47 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 stock has a fifty day moving average of $16.47 and a 200 day moving average of $14.84.

Ranger Energy Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.06 per share. This is a positive change from Ranger Energy Services’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, March 14th. This represents a $0.24 annualized dividend and a 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.