Gendell Jeffrey L Has $4.10 Million Holdings in Smart Sand $SND

Gendell Jeffrey L boosted its holdings in Smart Sand (NASDAQ:SND) by 18.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,039,861 shares of the company’s stock after purchasing an additional 312,789 shares during the quarter. Gendell Jeffrey L owned 4.68% of Smart Sand worth $4,100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Bridgeway Capital Management LLC increased its holdings in shares of Smart Sand by 2.6% during the second 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. Sei Investments Co. acquired a new stake in Smart Sand during the second quarter worth approximately $82,000. Arrowstreet Capital Limited Partnership increased its stake in Smart Sand by 19.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 384,416 shares of the company’s stock worth $773,000 after acquiring an additional 61,473 shares during the period. Bailard Inc. bought a new position in Smart Sand during the 2nd quarter worth $50,000. Finally, Geode Capital Management LLC raised its holdings in Smart Sand by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 444,089 shares of the company’s stock valued at $893,000 after acquiring an additional 6,551 shares in the last quarter. Institutional investors and hedge funds own 35.21% of the company’s stock.

Smart Sand Trading Up 3.3%

Shares of SND opened at $4.06 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. Smart Sand has a 52-week low of $1.76 and a 52-week high of $4.51. The firm has a market cap of $176.77 million, a price-to-earnings ratio of 45.11 and a beta of 0.38. The business’s fifty day moving average is $2.63 and its 200-day moving average is $2.21.

Smart Sand (NASDAQ:SND) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.11. The business had revenue of $0.09 million for the quarter, compared to analyst estimates of $60.00 million. Smart Sand had a negative return on equity of 7.55% and a net margin of 1.16%. Equities analysts anticipate that Smart Sand will post 0.07 EPS for the current fiscal year.

Smart Sand Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, December 2nd.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wall Street Zen raised Smart Sand to a “buy” rating in a report on Saturday, November 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Smart Sand in a research note on Monday. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Smart Sand has a consensus rating of “Hold”.

Smart Sand Company Profile

Smart Sand, Inc, an integrated frac and industrial sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides proppant logistics services; and wellsite storage solutions through SmartSystems products and services.