Royce & Associates LP Buys 457,500 Shares of SandRidge Energy, Inc. (NYSE:SD)

Royce & Associates LP increased its stake in SandRidge Energy, Inc. (NYSE:SD) by 279.4% during the 3rd quarter, Holdings Channel reports. The firm owned 621,244 shares of the oil and natural gas company’s stock after purchasing an additional 457,500 shares during the quarter. Royce & Associates LP’s holdings in SandRidge Energy were worth $7,598,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. grew its position in SandRidge Energy by 88.4% during the first quarter. Russell Investments Group Ltd. now owns 227,320 shares of the oil and natural gas company’s stock valued at $3,312,000 after acquiring an additional 106,667 shares during the last quarter. Caxton Associates LP grew its position in SandRidge Energy by 690.0% during the first quarter. Caxton Associates LP now owns 118,492 shares of the oil and natural gas company’s stock valued at $1,726,000 after acquiring an additional 103,493 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of SandRidge Energy by 62.6% during the third quarter. Assenagon Asset Management S.A. now owns 133,952 shares of the oil and natural gas company’s stock valued at $1,638,000 after purchasing an additional 51,583 shares during the period. Denali Advisors LLC boosted its stake in shares of SandRidge Energy by 69.4% during the second quarter. Denali Advisors LLC now owns 292,800 shares of the oil and natural gas company’s stock valued at $3,786,000 after purchasing an additional 120,000 shares during the period. Finally, Privium Fund Management B.V. purchased a new stake in shares of SandRidge Energy during the second quarter valued at approximately $299,000. 61.84% of the stock is currently owned by institutional investors.

SandRidge Energy Stock Performance

NYSE:SD opened at $11.45 on Monday. The firm has a market cap of $426.05 million, a PE ratio of 8.95 and a beta of 2.10. SandRidge Energy, Inc. has a fifty-two week low of $10.94 and a fifty-two week high of $15.31. The business has a 50 day moving average price of $11.85 and a 200-day moving average price of $12.73.

SandRidge Energy (NYSE:SD) last released its quarterly earnings data on Wednesday, November 6th. The oil and natural gas company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). The company had revenue of $30.06 million for the quarter. SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%.

SandRidge Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Friday, November 15th. SandRidge Energy’s payout ratio is 34.38%.

SandRidge Energy Profile

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.