First Eagle Investment Management LLC purchased a new stake in shares of Smart Sand, Inc. (NASDAQ:SND – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 139,477 shares of the company’s stock, valued at approximately $294,000. First Eagle Investment Management LLC owned approximately 0.33% of Smart Sand as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Empowered Funds LLC raised its position in Smart Sand by 8.2% during the first quarter. Empowered Funds LLC now owns 127,027 shares of the company’s stock valued at $243,000 after purchasing an additional 9,592 shares in the last quarter. Kathmere Capital Management LLC purchased a new stake in Smart Sand during the first quarter valued at about $31,000. Sara Bay Financial purchased a new stake in Smart Sand during the second quarter valued at about $53,000. Cullen Investment Group LTD. purchased a new stake in Smart Sand during the first quarter valued at about $59,000. Finally, Acadian Asset Management LLC raised its position in Smart Sand by 5.4% during the first quarter. Acadian Asset Management LLC now owns 693,256 shares of the company’s stock valued at $1,322,000 after purchasing an additional 35,605 shares in the last quarter. Hedge funds and other institutional investors own 35.21% of the company’s stock.
Smart Sand Stock Up 0.5 %
SND opened at $2.05 on Friday. The company has a market cap of $88.01 million, a P/E ratio of 9.32 and a beta of 1.08. The business’s 50-day moving average price is $2.06 and its 200-day moving average price is $2.07. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Smart Sand, Inc. has a 12 month low of $1.65 and a 12 month high of $2.45.
Analysts Set New Price Targets
Separately, Piper Sandler lowered their price target on Smart Sand from $2.75 to $2.25 and set a “neutral” rating on the stock in a research report on Monday, July 15th.
Get Our Latest Analysis on SND
Insider Buying and Selling
In related news, VP Christopher M. Green sold 33,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $1.96, for a total value of $64,680.00. Following the sale, the vice president now directly owns 46,352 shares of the company’s stock, valued at $90,849.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.30% of the stock is owned by insiders.
Smart Sand Company 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.
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