Cornercap Investment Counsel Inc. Purchases Shares of 20,287 SandRidge Energy, Inc. (NYSE:SD)

Cornercap Investment Counsel Inc. purchased a new stake in shares of SandRidge Energy, Inc. (NYSE:SD) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,287 shares of the oil and natural gas company’s stock, valued at approximately $248,000. Cornercap Investment Counsel Inc. owned 0.05% of SandRidge Energy as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. nVerses Capital LLC bought a new position in shares of SandRidge Energy during the second quarter valued at approximately $25,000. Quarry LP purchased a new stake in shares of SandRidge Energy during the second quarter worth about $25,000. Copeland Capital Management LLC purchased a new position in shares of SandRidge Energy in the third quarter worth about $36,000. The Manufacturers Life Insurance Company boosted its position in shares of SandRidge Energy by 6.4% during 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 last quarter. Finally, Lakewood Asset Management LLC increased its position in shares of SandRidge Energy by 9.0% during 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 purchasing an additional 1,265 shares during the last quarter. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Stock Performance

SD stock opened at $11.66 on Tuesday. The company’s 50 day moving average price is $11.84 and its 200 day moving average price is $12.71. The firm has a market capitalization of $433.87 million, a price-to-earnings ratio of 9.11 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.

SandRidge Energy (NYSE:SD) last announced its quarterly earnings data on Wednesday, November 6th. The oil and natural gas company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.08). The company had revenue of $30.06 million during 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 disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, November 15th. This represents a $0.44 annualized dividend and a yield of 3.77%. SandRidge Energy’s dividend payout ratio is presently 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.