Shares of SandRidge Permian Trust (NYSE:PER) shot up 2.8% during mid-day trading on Thursday . The company traded as high as $2.60 and last traded at $2.58, with a volume of 115,903 shares. The stock had previously closed at $2.51.

A number of brokerages have recently issued reports on PER. Zacks Investment Research cut SandRidge Permian Trust from a “hold” rating to a “sell” rating in a report on Friday, March 25th. Roth Capital reiterated a “buy” rating on shares of SandRidge Permian Trust in a report on Tuesday.

The company has a market cap of $134.40 million and a PE ratio of 2.13. The company has a 50-day moving average of $2.48 and a 200-day moving average of $2.56.

An institutional investor recently raised its position in SandRidge Permian Trust stock. GSA Capital Partners LLP increased its stake in shares of SandRidge Permian Trust (NYSE:PER) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 531,693 shares of the company’s stock after buying an additional 43,942 shares during the period. GSA Capital Partners LLP owned approximately 1.01% of SandRidge Permian Trust worth $1,579,000 at the end of the most recent reporting period.

Sandridge Permian Trust is a statutory trust formed under the Delaware Statutory Trust Act pursuant to a trust agreement by and among SandRidge Energy, Inc (SandRidge), as Trustor, The Bank of New York Mellon Trust Company, N.A., as Trustee (the Trustee), and The Corporation Trust Company, as Delaware Trustee (the Delaware Trustee).

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