Keeley Teton Advisors LLC Invests $212,000 in SandRidge Energy, Inc. $SD

Keeley Teton Advisors LLC acquired a new stake in SandRidge Energy, Inc. (NYSE:SD) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 18,551 shares of the oil and natural gas company’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of SandRidge Energy during the 4th quarter worth approximately $41,000. Point72 Asset Management L.P. acquired a new position in SandRidge Energy during the fourth quarter worth $86,000. NewEdge Advisors LLC raised its position in SandRidge Energy by 100.0% in the fourth quarter. NewEdge Advisors LLC now owns 9,000 shares of the oil and natural gas company’s stock worth $105,000 after acquiring an additional 4,500 shares in the last quarter. GAMMA Investing LLC raised its position in SandRidge Energy by 4,607.7% in the first quarter. GAMMA Investing LLC now owns 10,404 shares of the oil and natural gas company’s stock worth $119,000 after acquiring an additional 10,183 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in SandRidge Energy by 2,650.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,138 shares of the oil and natural gas company’s stock valued at $130,000 after acquiring an additional 10,733 shares during the period. Institutional investors and hedge funds own 61.84% of the company’s stock.

Insider Activity at SandRidge Energy

In other news, Director Vincent J. Intrieri purchased 25,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were acquired at an average price of $10.96 per share, for a total transaction of $274,000.00. Following the acquisition, the director directly owned 46,976 shares in the company, valued at approximately $514,856.96. The trade was a 113.76% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

SandRidge Energy Stock Performance

Shares of NYSE SD opened at $11.69 on Thursday. SandRidge Energy, Inc. has a one year low of $8.81 and a one year high of $13.52. The firm has a market capitalization of $429.50 million, a P/E ratio of 5.73 and a beta of 0.95. The company’s fifty day moving average is $10.85 and its two-hundred day moving average is $10.72.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings results on Wednesday, August 6th. The oil and natural gas company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $34.53 million during the quarter, compared to the consensus estimate of $37.30 million. SandRidge Energy had a net margin of 51.77% and a return on equity of 10.05%.

SandRidge Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, September 22nd. This is a positive change from SandRidge Energy’s previous quarterly dividend of $0.11. SandRidge Energy’s payout ratio is 21.57%.

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.