GSA Capital Partners LLP Increases Stock Position in Smart Sand $SND

GSA Capital Partners LLP boosted its holdings in shares of Smart Sand (NASDAQ:SND) by 625.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,637 shares of the company’s stock after buying an additional 99,706 shares during the quarter. GSA Capital Partners LLP owned approximately 0.27% of Smart Sand worth $247,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Goldman Sachs Group Inc. purchased a new stake in Smart Sand during the first quarter worth $26,000. Bailard Inc. bought a new position in shares of Smart Sand in the 2nd quarter worth $50,000. Sei Investments Co. purchased a new stake in shares of Smart Sand during the 2nd quarter worth $82,000. Jane Street Group LLC lifted its stake in shares of Smart Sand by 348.8% during the 1st quarter. Jane Street Group LLC now owns 81,013 shares of the company’s stock worth $210,000 after purchasing an additional 62,961 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in Smart Sand by 7.0% during the first quarter. Empowered Funds LLC now owns 161,480 shares of the company’s stock valued at $418,000 after purchasing an additional 10,588 shares in the last quarter. Institutional investors own 35.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wall Street Zen lowered shares of Smart Sand from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Smart Sand in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Smart Sand Stock Up 2.2%

SND stock opened at $5.19 on Friday. The stock has a market capitalization of $225.97 million, a PE ratio of 173.00 and a beta of 0.39. Smart Sand has a 52 week low of $1.76 and a 52 week high of $5.59. The company has a quick ratio of 1.06, a current ratio of 1.70 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $4.47 and a 200 day moving average of $3.14.

Smart Sand (NASDAQ:SND) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.06. The business had revenue of $86.05 million during the quarter, compared to the consensus estimate of $60.00 million. Smart Sand had a net margin of 0.41% and a negative return on equity of 8.73%. Sell-side analysts forecast that Smart Sand will post 0.07 earnings per share for the current year.

Smart Sand announced that its board has approved a share buyback program on Thursday, February 26th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the company to buy up to 8.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Smart Sand Company Profile

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.