Renaissance Technologies LLC Purchases 183,779 Shares of Smart Sand, Inc. (NASDAQ:SND)

Renaissance Technologies LLC raised its holdings in Smart Sand, Inc. (NASDAQ:SND) by 88.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 390,679 shares of the company’s stock after buying an additional 183,779 shares during the quarter. Renaissance Technologies LLC owned about 0.91% of Smart Sand worth $879,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. JB Capital Partners LP lifted its stake in shares of Smart Sand by 75.0% in the 4th quarter. JB Capital Partners LP now owns 350,000 shares of the company’s stock valued at $788,000 after purchasing an additional 150,000 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Smart Sand in the fourth quarter valued at approximately $272,000. Garden State Investment Advisory Services LLC purchased a new position in shares of Smart Sand during the 3rd quarter worth $85,000. First Eagle Investment Management LLC boosted its holdings in Smart Sand by 18.9% in the 4th quarter. First Eagle Investment Management LLC now owns 225,559 shares of the company’s stock valued at $508,000 after purchasing an additional 35,813 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in Smart Sand by 33.6% in the fourth quarter. Ritholtz Wealth Management now owns 109,876 shares of the company’s stock valued at $247,000 after acquiring an additional 27,664 shares during the last quarter. Hedge funds and other institutional investors own 35.21% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Smart Sand from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th.

Smart Sand Price Performance

SND stock opened at $2.07 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.71 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $91.25 million, a price-to-earnings ratio of -14.78 and a beta of 0.66. The stock’s fifty day simple moving average is $2.20 and its 200-day simple moving average is $2.26. Smart Sand, Inc. has a 52-week low of $1.73 and a 52-week high of $2.80.

Smart Sand (NASDAQ:SND) last posted its earnings results on Monday, March 3rd. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Smart Sand had a negative net margin of 1.96% and a negative return on equity of 1.74%. The business had revenue of $91.36 million for the quarter, compared to analysts’ expectations of $65.90 million. Equities research analysts expect that Smart Sand, Inc. will post 0.07 EPS for the current year.

About Smart Sand

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.