Man Group plc Buys 91,183 Shares of SandRidge Energy, Inc. (NYSE:SD)

Man Group plc grew its stake in shares of SandRidge Energy, Inc. (NYSE:SD) by 88.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 193,711 shares of the oil and natural gas company’s stock after acquiring an additional 91,183 shares during the quarter. Man Group plc’s holdings in SandRidge Energy were worth $2,268,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SD. Quarry LP purchased a new position in SandRidge Energy in the 4th quarter worth about $41,000. NewEdge Advisors LLC raised its position in SandRidge Energy by 100.0% in the 4th quarter. NewEdge Advisors LLC now owns 9,000 shares of the oil and natural gas company’s stock worth $105,000 after buying an additional 4,500 shares during the last quarter. Tower Research Capital LLC TRC raised its position in SandRidge Energy by 2,650.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,138 shares of the oil and natural gas company’s stock worth $130,000 after buying an additional 10,733 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in SandRidge Energy in the 4th quarter worth about $132,000. Finally, Commonwealth Equity Services LLC purchased a new position in SandRidge Energy in the 4th quarter worth about $148,000. 61.84% of the stock is currently owned by institutional investors.

SandRidge Energy Stock Performance

Shares of NYSE:SD opened at $9.73 on Friday. SandRidge Energy, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $14.04. The business has a 50-day simple moving average of $10.08 and a two-hundred day simple moving average of $11.15. The firm has a market cap of $356.78 million, a price-to-earnings ratio of 7.60 and a beta of 0.84.

SandRidge Energy (NYSE:SD) last released its quarterly earnings results on Wednesday, May 7th. The oil and natural gas company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). SandRidge Energy had a net margin of 39.25% and a return on equity of 7.92%. The business had revenue of $42.60 million for the quarter, compared to analysts’ expectations of $43.32 million.

SandRidge Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.52%. SandRidge Energy’s dividend payout ratio (DPR) is presently 25.14%.

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.