Cambridge Investment Research Advisors Inc. Invests $131,000 in SandRidge Permian Trust (PER) Stock
Cambridge Investment Research Advisors Inc. bought a new stake in SandRidge Permian Trust (NYSE:PER) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 45,152 shares of the oil and gas producer’s stock, valued at approximately $131,000. Cambridge Investment Research Advisors Inc. owned approximately 0.09% of SandRidge Permian Trust as of its most recent filing with the Securities and Exchange Commission.
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Shares of SandRidge Permian Trust (NYSE PER) opened at 2.75 on Friday. SandRidge Permian Trust has a 1-year low of $2.56 and a 1-year high of $4.00. The stock has a market cap of $144.38 million, a price-to-earnings ratio of 5.91 and a beta of 0.71. The company has a 50-day moving average price of $2.81 and a 200-day moving average price of $2.96.
SandRidge Permian Trust (NYSE:PER) last issued its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.13 earnings per share for the quarter. The firm had revenue of $7.84 million during the quarter. SandRidge Permian Trust had a net margin of 88.64% and a return on equity of 19.14%. On average, equities analysts expect that SandRidge Permian Trust will post $2.78 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were issued a dividend of $0.119 per share. This represents a $0.48 dividend on an annualized basis and a yield of 17.31%. The ex-dividend date of this dividend was Wednesday, August 9th. SandRidge Permian Trust’s payout ratio is 96.00%.
About SandRidge Permian Trust
Sandridge Permian Trust (the Trust) is a statutory trust. The Trust holds Royalty Interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. The Trust’s business activities are generally limited to owning the Royalty Interests, and entering into hedging arrangements at the inception of the Trust and activities related thereto, including activities required or permitted by the terms of the conveyances related to the Royalty Interests.
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