SG Americas Securities LLC Decreases Stock Holdings in SandRidge Energy, Inc. (NYSE:SD)

SG Americas Securities LLC lowered its position in SandRidge Energy, Inc. (NYSE:SD) by 40.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,788 shares of the oil and natural gas company’s stock after selling 38,990 shares during the period. SG Americas Securities LLC’s holdings in SandRidge Energy were worth $707,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. nVerses Capital LLC acquired a new stake in SandRidge Energy in the second quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of SandRidge Energy in the 2nd quarter worth $25,000. The Manufacturers Life Insurance Company boosted 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 worth $162,000 after purchasing an additional 756 shares in the last quarter. Victory Capital Management Inc. purchased a new position in SandRidge Energy during the 2nd quarter worth $224,000. Finally, Mesirow Financial Investment Management Inc. acquired a new position in SandRidge Energy during the 2nd quarter valued at about $243,000. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

Shares of NYSE SD opened at $12.37 on Monday. SandRidge Energy, Inc. has a fifty-two week low of $11.48 and a fifty-two week high of $16.60. The company has a market cap of $459.24 million, a PE ratio of 9.52 and a beta of 2.08. The business has a 50-day simple moving average of $12.54 and a two-hundred day simple moving average of $13.28.

SandRidge Energy (NYSE:SD) last released its earnings results on Wednesday, August 7th. The oil and natural gas company reported $0.17 EPS 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 during the quarter.

SandRidge Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Friday, August 16th. SandRidge Energy’s payout ratio is 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.