Ritholtz Wealth Management Sells 38,771 Shares of Smart Sand $SND

Ritholtz Wealth Management cut its holdings in Smart Sand (NASDAQ:SND) by 27.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 104,611 shares of the company’s stock after selling 38,771 shares during the quarter. Ritholtz Wealth Management’s holdings in Smart Sand were worth $210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. bought a new position in Smart Sand in the first quarter valued at approximately $26,000. Empowered Funds LLC raised its holdings in Smart Sand by 7.0% in the first quarter. Empowered Funds LLC now owns 161,480 shares of the company’s stock worth $418,000 after purchasing an additional 10,588 shares during the period. Everstar Asset Management LLC acquired a new stake in Smart Sand in the first quarter worth $141,000. Jane Street Group LLC raised its holdings in Smart Sand by 348.8% in the first 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 period. Finally, Acadian Asset Management LLC raised its holdings in Smart Sand by 16.0% in the first quarter. Acadian Asset Management LLC now owns 824,744 shares of the company’s stock worth $2,132,000 after purchasing an additional 113,612 shares during the period. 35.21% of the stock is owned by institutional investors.

Insider Activity at Smart Sand

In related news, CEO Charles Edwin Young acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were acquired at an average cost of $1.91 per share, for a total transaction of $38,200.00. Following the completion of the acquisition, the chief executive officer directly owned 1,477,628 shares in the company, valued at approximately $2,822,269.48. The trade was a 1.37% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired 39,031 shares of company stock worth $74,421 in the last quarter. Company insiders own 32.30% of the company’s stock.

Smart Sand Trading Down 1.4%

Shares of NASDAQ:SND opened at $2.07 on Wednesday. Smart Sand has a 12 month low of $1.76 and a 12 month high of $2.80. The company has a quick ratio of 1.22, a current ratio of 1.86 and a debt-to-equity ratio of 0.07. The company’s fifty day simple moving average is $2.03 and its 200 day simple moving average is $2.00. The firm has a market cap of $90.17 million, a price-to-earnings ratio of 207.00 and a beta of 0.78.

Smart Sand (NASDAQ:SND) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. Smart Sand had a net margin of 0.26% and a negative return on equity of 8.83%. The business had revenue of $85.77 million for the quarter, compared to analyst estimates of $60.00 million. As a group, research analysts forecast that Smart Sand will post 0.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on SND. Wall Street Zen upgraded shares of Smart Sand from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smart Sand in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

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.