Dupont Capital Management Corp bought a new stake in Smart Sand Inc (NASDAQ:SND) during the 4th quarter, HoldingsChannel.com reports. The firm bought 59,808 shares of the company’s stock, valued at approximately $518,000.

Other hedge funds also recently made changes to their positions in the company. Parametric Portfolio Associates LLC boosted its stake in shares of Smart Sand by 22.1% in the second quarter. Parametric Portfolio Associates LLC now owns 32,621 shares of the company’s stock valued at $291,000 after buying an additional 5,901 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Smart Sand by 1,651.3% in the second quarter. Royal Bank of Canada now owns 11,436 shares of the company’s stock valued at $101,000 after buying an additional 10,783 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Smart Sand by 83.5% in the second quarter. Alliancebernstein L.P. now owns 24,400 shares of the company’s stock valued at $217,000 after buying an additional 11,100 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Smart Sand by 103.1% in the second quarter. Rhumbline Advisers now owns 21,979 shares of the company’s stock valued at $196,000 after buying an additional 11,157 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Smart Sand by 17.4% in the third quarter. Bank of New York Mellon Corp now owns 90,539 shares of the company’s stock valued at $614,000 after buying an additional 13,406 shares in the last quarter. Institutional investors own 49.73% of the company’s stock.

Shares of Smart Sand Inc (NASDAQ:SND) opened at $7.94 on Friday. The company has a market capitalization of $320.72 and a price-to-earnings ratio of 12.03. Smart Sand Inc has a 12-month low of $4.81 and a 12-month high of $21.99.

Smart Sand (NASDAQ:SND) last posted its earnings results on Thursday, November 9th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. The company had revenue of $39.33 million for the quarter, compared to the consensus estimate of $33.60 million. Smart Sand had a return on equity of 14.41% and a net margin of 18.67%. Smart Sand’s quarterly revenue was up 259.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. analysts expect that Smart Sand Inc will post 0.41 EPS for the current fiscal year.

A number of analysts recently weighed in on the company. BidaskClub downgraded Smart Sand from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Piper Jaffray Companies set a $10.00 price target on Smart Sand and gave the company a “buy” rating in a research note on Sunday, November 12th. Zacks Investment Research upgraded Smart Sand from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Credit Suisse Group lifted their price target on Smart Sand from $5.50 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, November 14th. Finally, Janney Montgomery Scott downgraded Smart Sand from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research note on Tuesday, January 2nd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Smart Sand currently has a consensus rating of “Buy” and a consensus price target of $12.80.

TRADEMARK VIOLATION WARNING: “Dupont Capital Management Corp Takes Position in Smart Sand Inc (SND)” was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this piece can be accessed at https://www.watchlistnews.com/dupont-capital-management-corp-takes-position-in-smart-sand-inc-snd/1856807.html.

About Smart Sand

Smart Sand, Inc is a producer of Northern White raw frac sand, which is a proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. The Company sells its products primarily to oil and natural gas exploration and production companies and oilfield service companies under a combination of long-term take-or-pay contracts and spot sales in the open market.

Want to see what other hedge funds are holding SND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Smart Sand Inc (NASDAQ:SND).

Institutional Ownership by Quarter for Smart Sand (NASDAQ:SND)

Receive News & Ratings for Smart Sand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart Sand and related companies with MarketBeat.com's FREE daily email newsletter.