First Wilshire Securities Management Inc. Acquires 83,959 Shares of SandRidge Energy, Inc. $SD

First Wilshire Securities Management Inc. raised its holdings in shares of SandRidge Energy, Inc. (NYSE:SD) by 7.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,238,581 shares of the oil and natural gas company’s stock after acquiring an additional 83,959 shares during the period. SandRidge Energy makes up 3.6% of First Wilshire Securities Management Inc.’s holdings, making the stock its 7th largest position. First Wilshire Securities Management Inc. owned approximately 3.37% of SandRidge Energy worth $13,401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nuveen LLC acquired a new position in SandRidge Energy during the 1st quarter valued at about $2,932,000. Signaturefd LLC boosted its holdings in shares of SandRidge Energy by 229.3% in the second quarter. Signaturefd LLC now owns 3,056 shares of the oil and natural gas company’s stock valued at $33,000 after acquiring an additional 2,128 shares in the last quarter. Azarias Capital Management L.P. boosted its holdings in shares of SandRidge Energy by 384.2% in the second quarter. Azarias Capital Management L.P. now owns 346,070 shares of the oil and natural gas company’s stock valued at $3,744,000 after acquiring an additional 274,594 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of SandRidge Energy by 138.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,134 shares of the oil and natural gas company’s stock valued at $348,000 after acquiring an additional 18,631 shares during the period. Finally, Deutsche Bank AG raised its holdings in SandRidge Energy by 29.7% during the first quarter. Deutsche Bank AG now owns 18,259 shares of the oil and natural gas company’s stock worth $209,000 after purchasing an additional 4,179 shares in the last quarter. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

NYSE SD opened at $15.21 on Monday. The stock has a market capitalization of $559.38 million, a P/E ratio of 8.55 and a beta of 0.54. SandRidge Energy, Inc. has a 1 year low of $8.81 and a 1 year high of $15.56. The business’s fifty day moving average is $12.74 and its two-hundred day moving average is $11.60.

SandRidge Energy (NYSE:SD) last released its quarterly earnings data on Wednesday, November 5th. The oil and natural gas company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.10. The business had revenue of $39.82 million during the quarter, compared to analyst estimates of $38.80 million. SandRidge Energy had a return on equity of 11.58% and a net margin of 42.42%.

SandRidge Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a $0.12 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.2%. SandRidge Energy’s dividend payout ratio (DPR) is 26.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SD shares. Wall Street Zen raised SandRidge Energy from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of SandRidge Energy in a report on Monday, December 1st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

About SandRidge Energy

SandRidge Energy, Inc engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company was incorporated in 2006 and is headquartered in Oklahoma City, Oklahoma.