139,477 Shares in Smart Sand, Inc. (NASDAQ:SND) Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC purchased a new stake in shares of Smart Sand, Inc. (NASDAQ:SND) 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.

Smart Sand (NASDAQ:SND) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.04. The firm had revenue of $73.80 million for the quarter, compared to the consensus estimate of $68.15 million. Smart Sand had a return on equity of 1.07% and a net margin of 0.44%. During the same quarter in the previous year, the business earned $0.17 earnings per share. On average, equities analysts expect that Smart Sand, Inc. will post -0.01 EPS for the current year.

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.

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.