CSL Capital Management Amends Ranger Energy Services Stake

TL;DR

CSL Capital Management updated their Ranger Energy Services filing on 3/26. Watch for potential moves.

AI Summary

CSL Capital Management, L.P. and its affiliates have amended their Schedule 13D filing regarding Ranger Energy Services, Inc. as of March 26, 2024. The filing indicates a change in beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt. The group, which includes entities like CSL CM GP, LLC and Ranger Energy Holdings, LLC, is based in Houston, TX.

Why It Matters

Amendments to Schedule 13D filings signal potential shifts in significant shareholder positions, which can influence stock price and corporate strategy.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or changes in control, introducing uncertainty.

Key Players & Entities

• CSL Capital Management, L.P. (company) — Filing entity
• Ranger Energy Services, Inc. (company) — Subject company
• Charles S. Leykum (person) — Filing individual
• 10350 RICHMOND AVENUE, SUITE 550, HOUSTON, TX 77042 (address) — Business and mailing address for Ranger Energy Services, Inc.
• 1000 LOUISIANA STREET, SUITE 3850, HOUSTON, TX 77002 (address) — Mail address for Charles S. Leykum

FAQ

Key Financial Figures

• $0.01 — Name of Issuer) CLASS A COMMON STOCK, $0.01 PAR VALUE (Title of Class of Securiti
• $11.64 — d Holdings Open Market Sale 6,000 $11.64 3/22/2024 CSL Preferred Holdings O
• $11.40 — Holdings Open Market Sale 25,000 $11.40 3/25/2024 CSL Preferred Holdings O
• $11.14 — Holdings Open Market Sale 215,000 $11.14 3/26/2024 CSL Preferred Holdings O
• $11.24 — Holdings Open Market Sale 60,000 $11.24

Filing Documents

• d803462dsc13da.htm (SC 13D/A) — 222KB
• 0001193125-24-077919.txt ( ) — 223KB

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: (a)-(b) Calculations of the percentage of shares of Class A Common Stock beneficially owned are calculated in accordance with Rule 13d-3 and assume that there are 22,662,569 shares of Class A Common Stock outstanding (based on the Issuers Annual Report on Form 10-K filed on March 5, 2024). The aggregate number and percentage of shares of Class A Common Stock beneficially owned by each Reporting Person and, for each Reporting Person, the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule 13D and are incorporated herein by reference. Charles S. Leykum (Leykum) is the record holder of 41,324 shares of Class A Common Stock and CSL Energy Opportunity GP I, LLC (CSL GP I) is the record holder of 1,816 shares of Class A Common Stock. CSL Fund II Preferred Holdings LLC (CSL Preferred Holdings) is the record holder of 3,694,000 shares of Class A Common Stock. CSL Energy Opportunities Fund II, L.P. (CSL OII) and CSL Energy Holdings II, LLC (CSL HII) are members of CSL Preferred Holdings. CSL Energy Opportunity GP II, LLC (CSL GP II) is (i) the general partner of CSL OII and (ii) the managing member of CSL HII. CSL Capital Management, L.P. (CSL Capital Management) is the investment advisor to the CSL GP II and CSL Preferred Holdings. CSL CM GP, LLC (CSL CM GP) is the general partner of CSL Capital Management. Leykum is the managing member of each of CSL GP I, CSL GP II and CSL CM GP. Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission that any of the Reporting Persons (other than Leykum, CSL GP I and CSL Preferred Holdings to the extent any of such persons directly hold

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: March 26, 2024 Charles S. Leykum /s/ Charles S. Leykum Charles S. Leykum CSL Energy Opportunity GP I, LLC By: /s/ Charles S. Leykum Name: Charles S. Leykum Title: Managing Member CSL Energy Opportunity GP II, LLC By: /s/ Charles S. Leykum Name: Charles S. Leykum Title: Managing Member Ranger Energy Holdings, LLC By: /s/ Charles S. Leykum Name: Charles S. Leykum Title: Senior Vice President Torrent Energy Holdings, LLC By: /s/ Charles S. Leykum Name: Charles S. Leykum Title: Senior Vice President Ranger Energy Holdings II, LLC By: /s/ Charles S. Leykum Name: Charles S. Leykum Title: Manager Torrent Energy Holdings II, LLC By: CSL Energy Holdings I, LLC, its managing member By: CSL Energy Opportunity GP I, LLC its managing member By: /s/ Charles S. Leykum Name: Charles S. Leykum Title: Manager CSL Energy Holdings I, LLC By: CSL Energy Opportunity GP I, LLC, its managing member By: /s/ Charles S. Leykum Name: Charles S. Leykum Title: Managing Member CSL Energy Holdings II, LLC By: CSL Energy Opportunity GP II, LLC, its managing member By: /s/ Charles S. Leykum Name: Charles S. Leykum Title: Managing Member CSL CM GP, LLC By: /s/ Charles S. Leykum Name: Charles S. Leykum Title: Managing Member CSL Capital Management, L.P. By: CSL CM GP, LLC, its general partner By: /s/ Charles S. Leykum Name: Charles S. Leykum Title: Managing Member CSL Fund II Preferred Holdings LLC By: CSL Capital Management, L.P. By: CSL CM GP, LLC, its general partner By: /s/ Charles S. Leykum Name: Charles S. Leykum Title: Managing Member CSL Energy Opportunities Fund I, L.P. By: CSL Energy Opportunity GP I, LLC, its general partner By: /s/ Charles S. L

View Full Filing

View this SC 13D/A filing on SEC EDGAR