Exchange Traded Concepts LLC Invests $305,000 in SandRidge Energy, Inc. (NYSE:SD)

Exchange Traded Concepts LLC acquired a new position in SandRidge Energy, Inc. (NYSE:SD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,936 shares of the oil and natural gas company’s stock, valued at approximately $305,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in SandRidge Energy during the 2nd quarter valued at approximately $25,000. Quarry LP purchased a new stake in shares of SandRidge Energy during the second quarter valued at $25,000. The Manufacturers Life Insurance Company increased its position in shares of SandRidge Energy by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,496 shares of the oil and natural gas company’s stock valued at $162,000 after acquiring an additional 756 shares during the period. Lakewood Asset Management LLC raised its stake in SandRidge Energy by 9.0% in the 3rd quarter. Lakewood Asset Management LLC now owns 15,265 shares of the oil and natural gas company’s stock worth $187,000 after acquiring an additional 1,265 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in SandRidge Energy during the 2nd quarter worth about $224,000. 61.84% of the stock is currently owned by hedge funds and other institutional investors.

SandRidge Energy Stock Performance

Shares of SD stock opened at $11.66 on Monday. SandRidge Energy, Inc. has a fifty-two week low of $11.42 and a fifty-two week high of $16.60. The firm has a market capitalization of $432.88 million, a PE ratio of 8.97 and a beta of 2.08. The stock’s 50-day simple moving average is $12.49 and its 200-day simple moving average is $13.19.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings results on Wednesday, August 7th. The oil and natural gas company reported $0.17 earnings per share for the quarter. SandRidge Energy had a net margin of 31.47% and a return on equity of 9.88%. The company had revenue of $25.98 million for the quarter.

SandRidge Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a dividend of $0.11 per share. The ex-dividend date was Friday, August 16th. This represents a $0.44 annualized dividend and a dividend yield of 3.77%. SandRidge Energy’s dividend payout ratio (DPR) is presently 33.85%.

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.