President of Ranger Energy Services Stuart Bodden Buys 12% More Shares
Investors who take an interest in Ranger Energy Services, Inc. (NYSE:RNGR) should definitely note that the President, Stuart Bodden, recently paid US$9.80 per share to buy US$147k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 12%.
View our latest analysis for Ranger Energy Services
Ranger Energy Services Insider Transactions Over The Last Year
Notably, that recent purchase by Stuart Bodden is the biggest insider purchase of Ranger Energy Services shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$10.07. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Ranger Energy Services share holders is that insiders were buying at near the current price.
In the last twelve months insiders purchased 25.00k shares for US$247k. But insiders sold 10.44k shares worth US$125k. In the last twelve months there was more buying than selling by Ranger Energy Services insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Ranger Energy Services Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 4.0% of Ranger Energy Services shares, worth about US$9.5m, according to our data. However, it's possible that insiders might have an indirect interest through a more complex structure. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At Ranger Energy Services Tell Us?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Ranger Energy Services insiders are reasonably well aligned, and optimistic for the future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 1 warning sign for Ranger Energy Services you should be aware of.
Of course Ranger Energy Services may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
