GSA Capital Partners LLP Boosts Position in Smart Sand $SND

GSA Capital Partners LLP raised its holdings in shares of Smart Sand (NASDAQ:SND) by 625.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 115,637 shares of the company’s stock after buying an additional 99,706 shares during the quarter. GSA Capital Partners LLP’s holdings in Smart Sand were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Gendell Jeffrey L raised its holdings in shares of Smart Sand by 18.1% during the second quarter. Gendell Jeffrey L now owns 2,039,861 shares of the company’s stock worth $4,100,000 after purchasing an additional 312,789 shares during the last quarter. Bridgeway Capital Management LLC grew its position in Smart Sand by 2.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 569,488 shares of the company’s stock worth $1,145,000 after purchasing an additional 14,390 shares during the period. Geode Capital Management LLC grew its position in Smart Sand by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 444,089 shares of the company’s stock worth $893,000 after purchasing an additional 6,551 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Smart Sand by 19.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 384,416 shares of the company’s stock valued at $773,000 after buying an additional 61,473 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Smart Sand by 7.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 276,039 shares of the company’s stock valued at $555,000 after buying an additional 19,117 shares during the period. Institutional investors and hedge funds own 35.21% of the company’s stock.

Smart Sand Price Performance

Shares of NASDAQ SND opened at $5.19 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.70. The firm has a fifty day moving average of $4.47 and a 200 day moving average of $3.14. The firm has a market cap of $225.97 million, a PE ratio of 173.00 and a beta of 0.39. Smart Sand has a one year low of $1.76 and a one year high of $5.59.

Smart Sand (NASDAQ:SND) last announced its earnings results on Thursday, February 26th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.06. Smart Sand had a net margin of 0.41% and a negative return on equity of 8.73%. The business had revenue of $86.05 million for the quarter, compared to analyst estimates of $60.00 million. As a group, research analysts predict that Smart Sand will post 0.07 EPS for the current fiscal year.

Smart Sand announced that its Board of Directors has approved a stock buyback program on Thursday, February 26th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the company to purchase up to 8.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts recently commented on SND shares. Wall Street Zen lowered Smart Sand from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 28th. Weiss Ratings restated a “hold (c)” rating on shares of Smart Sand in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Smart Sand Company Profile

Smart Sand, Inc (NASDAQ:SND) is a U.S.-based industrial mineral company specializing in the mining, processing and distribution of high-purity silica sand. The company’s primary business centers on the production of frac sand for the oil and gas industry, as well as specialty sand products for foundry, glass and construction applications. Through an integrated network of mines, processing plants and trans-load facilities, Smart Sand delivers precision-engineered sand solutions designed to meet stringent performance and purity requirements.

Smart Sand’s operations include flagship mining and processing facilities in Wisconsin, which supply Northern White silica sand, and production sites in Texas, strategically located to serve major U.S.