Smart Sand (NASDAQ:SND) Shares Up 0.5%

Smart Sand, Inc. (NASDAQ:SNDGet Free Report)’s share price rose 0.5% during mid-day trading on Tuesday . The company traded as high as $1.94 and last traded at $1.92. Approximately 106,880 shares traded hands during trading, a decline of 14% from the average daily volume of 124,291 shares. The stock had previously closed at $1.91.

Smart Sand Stock Up 0.5 %

The business has a 50-day moving average price of $1.90 and a 200-day moving average price of $2.00. The company has a market capitalization of $82.58 million, a price-to-earnings ratio of 13.71 and a beta of 1.03. The company has a quick ratio of 0.64, a current ratio of 1.14 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On Smart Sand

Institutional investors and hedge funds have recently modified their holdings of the stock. CastleKnight Management LP raised its position in Smart Sand by 44.0% during the fourth quarter. CastleKnight Management LP now owns 959,238 shares of the company’s stock valued at $1,851,000 after buying an additional 292,900 shares during the period. Vanguard Group Inc. grew its stake in Smart Sand by 18.9% in the third quarter. Vanguard Group Inc. now owns 887,694 shares of the company’s stock valued at $1,385,000 after purchasing an additional 141,133 shares in the last quarter. Wellington Management Group LLP purchased a new position in Smart Sand in the first quarter valued at about $1,032,000. Acadian Asset Management LLC grew its stake in Smart Sand by 196.1% in the third quarter. Acadian Asset Management LLC now owns 562,856 shares of the company’s stock valued at $1,305,000 after purchasing an additional 372,798 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Smart Sand by 284.3% in the second quarter. Millennium Management LLC now owns 518,697 shares of the company’s stock valued at $1,037,000 after purchasing an additional 383,709 shares in the last quarter. 35.21% of the stock is owned by institutional investors and hedge funds.

Smart Sand Company Profile

(Get Free Report)

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.

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