Winslow Evans & Crocker Inc. increased its position in shares of Smart Sand Inc (NYSE:SND) by 10.8% during the second quarter, Holdings Channel reports. The fund owned 30,725 shares of the company’s stock after buying an additional 2,999 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Smart Sand were worth $281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SND. American International Group Inc. bought a new position in shares of Smart Sand during the first quarter worth about $116,000. Nationwide Fund Advisors increased its position in shares of Smart Sand by 28.6% in the first quarter. Nationwide Fund Advisors now owns 7,190 shares of the company’s stock worth $117,000 after buying an additional 1,597 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in shares of Smart Sand during the first quarter worth about $156,000. Quantbot Technologies LP bought a new position in shares of Smart Sand during the first quarter worth about $167,000. Finally, Bank of Montreal Can bought a new position in shares of Smart Sand during the second quarter worth about $186,000.

Smart Sand Inc (SND) opened at 7.84 on Monday. The stock’s 50 day moving average price is $9.78 and its 200 day moving average price is $14.34. Smart Sand Inc has a 52 week low of $6.90 and a 52 week high of $21.99. The firm has a market capitalization of $316.27 million and a P/E ratio of 18.23.

Smart Sand (NYSE:SND) last posted its quarterly earnings results on Thursday, May 11th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by $0.03. The business had revenue of $25 million during the quarter, compared to analyst estimates of $18.13 million. Smart Sand had a net margin of 3.87% and a return on equity of 2.51%. Smart Sand’s quarterly revenue was up 140.4% on a year-over-year basis. On average, equities analysts expect that Smart Sand Inc will post $0.44 EPS for the current year.

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SND has been the subject of a number of analyst reports. Deutsche Bank AG reissued a “buy” rating and issued a $18.00 price target (down from $21.00) on shares of Smart Sand in a report on Tuesday, May 30th. Zacks Investment Research raised Smart Sand from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a report on Friday, June 16th. Janney Montgomery Scott initiated coverage on Smart Sand in a report on Thursday, June 15th. They issued a “buy” rating and a $13.00 price target for the company. Finally, Jefferies Group LLC set a $20.00 price target on Smart Sand and gave the company a “buy” rating in a report on Sunday, May 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. Smart Sand has a consensus rating of “Buy” and an average target price of $15.50.

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.

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

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