Caxton Associates LLP Invests $390,000 in SandRidge Energy, Inc. $SD

Key Points

• Caxton Associates LLP acquired 34,182 shares of SandRidge Energy, Inc. valued at approximately $390,000, representing about 0.09% of the company's stock as of its latest SEC filing.
• SandRidge Energy recently announced an increased quarterly dividend of $0.12 per share, up from $0.11, with a yield of 4.2%.
• SandRidge Energy's stock is currently priced at $11.41, with a market cap of $419.13 million and a price-to-earnings ratio of 5.59.

Caxton Associates LLP bought a new position in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,182 shares of the oil and natural gas company's stock, valued at approximately $390,000. Caxton Associates LLP owned 0.09% of SandRidge Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Nuveen LLC purchased a new stake in shares of SandRidge Energy in the 1st quarter valued at about $2,932,000. Nuveen Asset Management LLC lifted its stake in SandRidge Energy by 281.7% in the fourth quarter. Nuveen Asset Management LLC now owns 304,067 shares of the oil and natural gas company's stock valued at $3,561,000 after buying an additional 224,410 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of SandRidge Energy in the fourth quarter valued at approximately $1,248,000. Royce & Associates LP boosted its holdings in shares of SandRidge Energy by 8.6% in the first quarter. Royce & Associates LP now owns 1,188,526 shares of the oil and natural gas company's stock valued at $13,573,000 after acquiring an additional 93,740 shares during the period. Finally, Man Group plc grew its position in shares of SandRidge Energy by 88.9% during the fourth quarter. Man Group plc now owns 193,711 shares of the oil and natural gas company's stock worth $2,268,000 after acquiring an additional 91,183 shares during the last quarter. 61.84% of the stock is owned by hedge funds and other institutional investors.

SandRidge Energy Stock Performance

NYSE:SD traded up $0.13 during mid-day trading on Monday, reaching $11.55. The stock had a trading volume of 218,481 shares, compared to its average volume of 259,496. The firm has a market capitalization of $424.46 million, a price-to-earnings ratio of 5.66 and a beta of 0.90. The business has a 50 day simple moving average of $10.97 and a 200 day simple moving average of $10.66. SandRidge Energy, Inc. has a twelve month low of $8.81 and a twelve month high of $13.19.

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

SandRidge Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be issued a $0.12 dividend. This is a positive change from SandRidge Energy's previous quarterly dividend of $0.11. The ex-dividend date is Monday, September 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 4.2%. SandRidge Energy's payout ratio is currently 21.57%.

Insider Transactions at SandRidge Energy

In other SandRidge Energy news, Director Vincent J. Intrieri acquired 25,000 shares of the stock in a transaction dated Monday, August 18th. The stock was acquired at an average price of $10.96 per share, with a total value of $274,000.00. Following the completion of the transaction, the director directly owned 46,976 shares in the company, valued at approximately $514,856.96. This trade represents a 113.76% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company's stock.

SandRidge Energy Company 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.