NewEdge Advisors LLC Acquires 37,364 Shares of Smart Sand, Inc. (NASDAQ:SND)

NewEdge Advisors LLC increased its holdings in shares of Smart Sand, Inc. (NASDAQ:SND) by 533,771.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,371 shares of the company’s stock after purchasing an additional 37,364 shares during the period. NewEdge Advisors LLC owned approximately 0.09% of Smart Sand worth $84,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Smart Sand by 1.3% during the third quarter. Geode Capital Management LLC now owns 425,804 shares of the company’s stock worth $839,000 after buying an additional 5,540 shares in the last quarter. JB Capital Partners LP grew its stake in shares of Smart Sand by 75.0% during the 4th quarter. JB Capital Partners LP now owns 350,000 shares of the company’s stock worth $788,000 after acquiring an additional 150,000 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Smart Sand in the fourth quarter valued at approximately $272,000. Empowered Funds LLC lifted its position in shares of Smart Sand by 4.8% in the fourth quarter. Empowered Funds LLC now owns 150,892 shares of the company’s stock worth $340,000 after purchasing an additional 6,909 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Smart Sand by 88.8% during the fourth quarter. Renaissance Technologies LLC now owns 390,679 shares of the company’s stock worth $879,000 after purchasing an additional 183,779 shares during the last quarter. 35.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Smart Sand Trading Up 1.9 %

Shares of Smart Sand stock opened at $2.11 on Friday. The stock has a market cap of $93.02 million, a P/E ratio of -15.07 and a beta of 0.97. The company has a quick ratio of 0.98, a current ratio of 1.71 and a debt-to-equity ratio of 0.04. Smart Sand, Inc. has a 12-month low of $1.73 and a 12-month high of $2.80. The business’s 50 day moving average is $2.19 and its 200-day moving average is $2.26.

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

Smart Sand 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.