Azarias Capital Management L.P. Takes $816,000 Position in SandRidge Energy, Inc. (NYSE:SD)

Azarias Capital Management L.P. bought a new position in shares of SandRidge Energy, Inc. (NYSE:SD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 71,476 shares of the oil and natural gas company's stock, valued at approximately $816,000. SandRidge Energy comprises about 0.5% of Azarias Capital Management L.P.'s investment portfolio, making the stock its 23rd largest holding. Azarias Capital Management L.P. owned 0.19% of SandRidge Energy as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP purchased a new stake in shares of SandRidge Energy during the 4th quarter valued at approximately $41,000. Point72 Asset Management L.P. acquired a new position in shares of SandRidge Energy in the fourth quarter worth $86,000. NewEdge Advisors LLC grew its stake in shares of SandRidge Energy by 100.0% during the fourth quarter. NewEdge Advisors LLC now owns 9,000 shares of the oil and natural gas company's stock worth $105,000 after purchasing an additional 4,500 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of SandRidge Energy by 4,607.7% during the first quarter. GAMMA Investing LLC now owns 10,404 shares of the oil and natural gas company's stock worth $119,000 after purchasing an additional 10,183 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of SandRidge Energy by 2,650.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,138 shares of the oil and natural gas company's stock worth $130,000 after purchasing an additional 10,733 shares in the last quarter. 61.84% of the stock is currently owned by institutional investors and hedge funds.

SandRidge Energy Trading Down 3.3%

Shares of SD stock traded down $0.39 on Monday, reaching $11.52. 300,897 shares of the stock were exchanged, compared to its average volume of 311,955. The business's 50 day moving average price is $10.17 and its 200 day moving average price is $11.01. The company has a market capitalization of $422.63 million, a price-to-earnings ratio of 6.58 and a beta of 0.91. SandRidge Energy, Inc. has a twelve month low of $8.81 and a twelve month high of $14.04.

SandRidge Energy (NYSE:SD - Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and natural gas company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The firm had revenue of $42.60 million for the quarter, compared to analyst estimates of $43.32 million. SandRidge Energy had a return on equity of 9.05% and a net margin of 47.17%.

SandRidge Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a dividend of $0.11 per share. The ex-dividend date was Monday, May 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.82%. SandRidge Energy's payout ratio is currently 25.14%.

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.