First Wilshire Securities Management Inc. Acquires 69,093 Shares of SandRidge Energy, Inc. $SD

First Wilshire Securities Management Inc. increased its holdings in shares of SandRidge Energy, Inc. (NYSE:SD) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,400,977 shares of the oil and natural gas company’s stock after acquiring an additional 69,093 shares during the quarter. SandRidge Energy comprises 5.1% of First Wilshire Securities Management Inc.’s investment portfolio, making the stock its 5th biggest position. First Wilshire Securities Management Inc. owned about 3.81% of SandRidge Energy worth $20,216,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in SandRidge Energy by 92.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,852 shares of the oil and natural gas company’s stock worth $42,000 after acquiring an additional 1,854 shares during the last quarter. State of Alaska Department of Revenue boosted its position in SandRidge Energy by 391.0% during the fourth quarter. State of Alaska Department of Revenue now owns 6,604 shares of the oil and natural gas company’s stock worth $94,000 after acquiring an additional 5,259 shares during the last quarter. NewEdge Advisors LLC boosted its position in SandRidge Energy by 11.1% during the third quarter. NewEdge Advisors LLC now owns 10,000 shares of the oil and natural gas company’s stock worth $113,000 after acquiring an additional 1,000 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in SandRidge Energy during the third quarter worth about $123,000. Finally, GSA Capital Partners LLP boosted its position in SandRidge Energy by 15.3% during the third quarter. GSA Capital Partners LLP now owns 13,113 shares of the oil and natural gas company’s stock worth $148,000 after acquiring an additional 1,738 shares during the last quarter. 61.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SD shares. Wall Street Zen upgraded shares of SandRidge Energy from a “hold” rating to a “buy” rating in a research report on Monday, May 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of SandRidge Energy in a report on Wednesday, June 3rd. Finally, Freedom Capital upgraded shares of SandRidge Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

SandRidge Energy Stock Performance

SandRidge Energy stock opened at $14.80 on Friday. The company’s 50 day simple moving average is $15.12 and its 200-day simple moving average is $15.46. The company has a market capitalization of $546.38 million, a price-to-earnings ratio of 7.22 and a beta of 0.54. SandRidge Energy, Inc. has a 1 year low of $9.89 and a 1 year high of $18.45.

SandRidge Energy (NYSE:SD) last announced its earnings results on Wednesday, May 6th. The oil and natural gas company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.18. SandRidge Energy had a net margin of 46.37% and a return on equity of 12.31%. The firm had revenue of $49.78 million for the quarter, compared to the consensus estimate of $45.00 million.

SandRidge Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, May 20th. This is an increase from SandRidge Energy’s previous quarterly dividend of $0.12. SandRidge Energy’s payout ratio is currently 25.37%.

SandRidge Energy Profile

SandRidge Energy, Inc (NYSE: SD) is an independent exploration and production company focused on the development of onshore oil and natural gas resources in the United States. The company concentrates its operations primarily in the Anadarko Basin, applying horizontal drilling and multi-stage hydraulic fracturing techniques to exploit unconventional reservoirs. SandRidge’s asset portfolio includes both crude oil and natural gas liquids, complemented by associated gas production, with infrastructure investments designed to optimize midstream availability and enhance capital efficiency.

Founded in 2006 by industry veteran Tom L.