Victory Capital Management Inc. Makes New Investment in SandRidge Energy, Inc. (NYSE:SD)

Victory Capital Management Inc. acquired a new stake in SandRidge Energy, Inc. (NYSE:SD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,317 shares of the oil and natural gas company’s stock, valued at approximately $224,000.

A number of other hedge funds have also recently modified their holdings of the stock. nVerses Capital LLC acquired a new stake in SandRidge Energy during the second quarter valued at $25,000. Quest Partners LLC purchased a new position in shares of SandRidge Energy in the 4th quarter valued at about $205,000. Mesirow Financial Investment Management Inc. acquired a new position in SandRidge Energy in the 2nd quarter worth about $243,000. Susquehanna Fundamental Investments LLC purchased a new position in SandRidge Energy during the first quarter worth approximately $243,000. Finally, Privium Fund Management B.V. acquired a new stake in SandRidge Energy in the second quarter valued at approximately $299,000. Hedge funds and other institutional investors own 61.84% of the company’s stock.

SandRidge Energy Price Performance

Shares of SD stock opened at $12.12 on Tuesday. SandRidge Energy, Inc. has a 1-year low of $11.51 and a 1-year high of $16.60. The company has a market cap of $449.96 million, a price-to-earnings ratio of 9.32 and a beta of 2.09. The stock has a 50 day simple moving average of $12.84 and a 200-day simple moving average of $13.44.

SandRidge Energy (NYSE:SD) last announced its earnings results on Wednesday, August 7th. The oil and natural gas company reported $0.17 earnings per share (EPS) for the quarter. SandRidge Energy had a net margin of 31.47% and a return on equity of 9.88%. The business had revenue of $25.98 million for the quarter.

SandRidge Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, August 16th. SandRidge Energy’s dividend payout ratio is presently 33.85%.

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.