First Eagle Investment Management LLC Purchases 35,813 Shares of Smart Sand, Inc. (NASDAQ:SND)

First Eagle Investment Management LLC increased its holdings in shares of Smart Sand, Inc. (NASDAQ:SND) by 18.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 225,559 shares of the company’s stock after buying an additional 35,813 shares during the quarter. First Eagle Investment Management LLC owned 0.53% of Smart Sand worth $508,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Kingswood Wealth Advisors LLC acquired a new stake in shares of Smart Sand during the fourth quarter worth about $25,000. Quartz Partners LLC bought a new position in Smart Sand in the fourth quarter valued at approximately $29,000. D Orazio & Associates Inc. acquired a new position in shares of Smart Sand in the fourth quarter valued at approximately $36,000. Garden State Investment Advisory Services LLC bought a new stake in shares of Smart Sand during the third quarter worth $85,000. Finally, Ritholtz Wealth Management raised its holdings in shares of Smart Sand by 33.6% during the fourth quarter. Ritholtz Wealth Management now owns 109,876 shares of the company’s stock worth $247,000 after acquiring an additional 27,664 shares during the period. 35.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Smart Sand from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th.

Smart Sand Trading Up 2.2 %

NASDAQ SND opened at $2.32 on Monday. Smart Sand, Inc. has a 52 week low of $1.73 and a 52 week high of $2.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.98 and a current ratio of 1.71. The stock’s 50 day moving average price is $2.32 and its two-hundred day moving average price is $2.23. The stock has a market capitalization of $99.47 million, a price-to-earnings ratio of -16.57 and a beta of 1.03.

Smart Sand (NASDAQ:SND) last announced its quarterly earnings data on Monday, March 3rd. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Smart Sand had a negative net margin of 1.96% and a negative return on equity of 1.74%. The business had revenue of $91.36 million for the quarter, compared to analyst estimates of $65.90 million. As a group, analysts anticipate that Smart Sand, Inc. will post 0.07 earnings per share for the current fiscal year.

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.