30,490 Shares in Smart Sand, Inc. (NASDAQ:SND) Acquired by Cullen Investment Group LTD.

Cullen Investment Group LTD. purchased a new position in shares of Smart Sand, Inc. (NASDAQ:SND) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 30,490 shares of the company’s stock, valued at approximately $59,000. Cullen Investment Group LTD. owned approximately 0.07% of Smart Sand at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. AJOVista LLC acquired a new stake in shares of Smart Sand during the 4th quarter worth approximately $35,000. Ritholtz Wealth Management lifted its stake in Smart Sand by 72.7% in the 4th quarter. Ritholtz Wealth Management now owns 42,850 shares of the company’s stock valued at $83,000 after purchasing an additional 18,034 shares during the last quarter. Victory Capital Management Inc. bought a new position in Smart Sand in the 4th quarter valued at approximately $101,000. O Shaughnessy Asset Management LLC bought a new position in Smart Sand in the 3rd quarter valued at approximately $178,000. Finally, Nierenberg Investment Management Company Inc. bought a new position in Smart Sand in the 3rd quarter valued at approximately $361,000. Institutional investors and hedge funds own 35.21% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus reissued a “hold” rating and issued a $3.00 price objective on shares of Smart Sand in a research note on Wednesday, May 15th.

Smart Sand Price Performance

Shares of NASDAQ:SND opened at $1.97 on Thursday. The firm has a 50 day simple moving average of $2.14 and a 200 day simple moving average of $2.00. The company has a market cap of $83.88 million, a price-to-earnings ratio of 8.95 and a beta of 0.97. Smart Sand, Inc. has a one year low of $1.58 and a one year high of $2.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 0.77.

Smart Sand (NASDAQ:SND) last released its quarterly earnings results on Monday, May 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.06). The business had revenue of $83.05 million for the quarter, compared to the consensus estimate of $75.20 million. Smart Sand had a net margin of 2.71% and a return on equity of 3.31%. Research analysts predict that Smart Sand, Inc. will post 0.01 earnings per share for the current fiscal year.

About Smart Sand

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.