Sei Investments Co. increased its position in Smart Sand (NASDAQ:SND – Free Report) by 78.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 332,535 shares of the company’s stock after buying an additional 146,201 shares during the quarter. Sei Investments Co.’s holdings in Smart Sand were worth $1,703,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Gendell Jeffrey L increased its stake in Smart Sand by 16.0% during the fourth quarter. Gendell Jeffrey L now owns 3,126,915 shares of the company’s stock worth $12,508,000 after acquiring an additional 430,507 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Smart Sand by 25.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 798,809 shares of the company’s stock worth $4,090,000 after purchasing an additional 162,823 shares during the period. Bridgeway Capital Management LLC grew its holdings in shares of Smart Sand by 3.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 610,034 shares of the company’s stock worth $2,440,000 after purchasing an additional 20,213 shares during the period. Geode Capital Management LLC increased 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 in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Smart Sand during the 4th quarter worth approximately $1,539,000. Hedge funds and other institutional investors own 35.21% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have weighed in on SND. Wall Street Zen raised shares of Smart Sand from a “hold” rating to a “buy” rating in a research report on Sunday. Weiss Ratings reissued a “hold (c)” rating on shares of Smart Sand in a research report on Monday, July 20th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Smart Sand Stock Performance
Smart Sand stock opened at $4.59 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.05. The firm’s fifty day moving average price is $4.81 and its 200 day moving average price is $4.81. The company has a market capitalization of $197.32 million, a price-to-earnings ratio of 8.35 and a beta of 0.30. Smart Sand has a 12-month low of $1.82 and a 12-month high of $5.92.
Smart Sand (NASDAQ:SND – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $93.11 million during the quarter.
Smart Sand Announces Dividend
The business also recently declared a special dividend, which will be paid on Wednesday, August 12th. Investors of record on Tuesday, July 28th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, July 28th.
About Smart Sand
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.
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