Ritholtz Wealth Management Has $371,000 Stock Holdings in Smart Sand (NASDAQ:SND)

Ritholtz Wealth Management boosted its holdings in shares of Smart Sand (NASDAQ:SND) by 30.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,382 shares of the company’s stock after buying an additional 33,506 shares during the period. Ritholtz Wealth Management owned approximately 0.33% of Smart Sand worth $371,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC raised 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 buying an additional 183,779 shares during the last quarter. JB Capital Partners LP raised its holdings in Smart Sand by 75.0% during the fourth quarter. JB Capital Partners LP now owns 350,000 shares of the company’s stock worth $788,000 after buying an additional 150,000 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Smart Sand during the fourth quarter worth $272,000. Millennium Management LLC acquired a new position in Smart Sand during the fourth quarter worth $117,000. Finally, Empowered Funds LLC raised its holdings in Smart Sand by 4.8% during the fourth quarter. Empowered Funds LLC now owns 150,892 shares of the company’s stock worth $340,000 after buying an additional 6,909 shares during the last quarter. Institutional investors and hedge funds own 35.21% of the company’s stock.

Smart Sand Stock Performance

NASDAQ SND opened at $2.19 on Friday. Smart Sand has a 1 year low of $1.73 and a 1 year high of $2.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.75 and a quick ratio of 1.01. The firm has a market cap of $96.54 million, a price-to-earnings ratio of -4.06 and a beta of 0.85. The company has a fifty day moving average price of $2.00 and a 200-day moving average price of $2.19.

Smart Sand (NASDAQ:SND) last posted its earnings results on Tuesday, May 13th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.59). Smart Sand had a negative return on equity of 8.30% and a negative net margin of 7.15%. The firm had revenue of $65.56 million during the quarter, compared to the consensus estimate of $60.00 million. As a group, equities research analysts predict that Smart Sand will post 0.07 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Smart Sand from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 22nd.

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.