Geode Capital Management LLC Acquires 5,540 Shares of Smart Sand, Inc. (NASDAQ:SND)

Geode Capital Management LLC boosted its holdings in Smart Sand, Inc. (NASDAQ:SND) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 425,804 shares of the company’s stock after acquiring an additional 5,540 shares during the quarter. Geode Capital Management LLC owned 0.99% of Smart Sand worth $839,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Acadian Asset Management LLC increased its position in shares of Smart Sand by 16.4% during the 2nd quarter. Acadian Asset Management LLC now owns 806,696 shares of the company’s stock valued at $1,700,000 after purchasing an additional 113,440 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Smart Sand by 36.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 300,646 shares of the company’s stock valued at $634,000 after purchasing an additional 80,787 shares during the last quarter. JB Capital Partners LP bought a new position in shares of Smart Sand during the 3rd quarter valued at about $376,000. Empowered Funds LLC increased its position in shares of Smart Sand by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 143,983 shares of the company’s stock valued at $284,000 after purchasing an additional 7,236 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new position in shares of Smart Sand during the 2nd quarter valued at about $294,000. 35.21% of the stock is currently owned by institutional investors.

Smart Sand Price Performance

Shares of Smart Sand stock opened at $2.23 on Friday. The firm has a market capitalization of $95.71 million, a PE ratio of -15.93 and a beta of 1.10. Smart Sand, Inc. has a 12 month low of $1.65 and a 12 month high of $2.80. The business’s 50-day moving average price is $2.29 and its 200-day moving average price is $2.15. The company has a current ratio of 1.71, a quick ratio of 0.98 and a debt-to-equity ratio of 0.04.

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.