Bridgeway Capital Management Inc. boosted its holdings in shares of Smart Sand Inc (NASDAQ:SND) by 68.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 210,800 shares of the company’s stock after acquiring an additional 85,800 shares during the period. Bridgeway Capital Management Inc. owned 0.51% of Smart Sand worth $866,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SND. Bank of New York Mellon Corp increased its position in Smart Sand by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 126,835 shares of the company’s stock worth $674,000 after buying an additional 9,930 shares in the last quarter. Signia Capital Management LLC purchased a new stake in shares of Smart Sand in the second quarter valued at $2,288,000. GSA Capital Partners LLP purchased a new stake in shares of Smart Sand in the second quarter valued at $173,000. BlackRock Inc. grew its position in shares of Smart Sand by 5.0% in the second quarter. BlackRock Inc. now owns 1,441,858 shares of the company’s stock valued at $7,657,000 after purchasing an additional 68,674 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Smart Sand by 268.3% in the second quarter. Dimensional Fund Advisors LP now owns 727,373 shares of the company’s stock valued at $3,862,000 after purchasing an additional 529,904 shares during the period. 40.51% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Lee E. Beckelman purchased 15,800 shares of the stock in a transaction on Tuesday, November 13th. The stock was purchased at an average price of $3.18 per share, with a total value of $50,244.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 46.60% of the stock is currently owned by insiders.

SND stock opened at $2.90 on Friday. Smart Sand Inc has a 12-month low of $2.55 and a 12-month high of $11.06. The company has a quick ratio of 1.19, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. The stock has a market cap of $126.89 million, a price-to-earnings ratio of 9.06 and a beta of 3.22.

Smart Sand (NASDAQ:SND) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. Smart Sand had a return on equity of 12.77% and a net margin of 16.73%. The firm had revenue of $63.10 million during the quarter, compared to the consensus estimate of $56.62 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The firm’s quarterly revenue was up 60.6% compared to the same quarter last year. On average, research analysts anticipate that Smart Sand Inc will post 0.7 earnings per share for the current year.

A number of equities research analysts have recently commented on SND shares. Seaport Global Securities set a $5.00 price objective on Smart Sand and gave the company a “buy” rating in a research report on Thursday, October 18th. Stifel Nicolaus lowered their price objective on Smart Sand from $5.50 to $5.00 and set a “hold” rating for the company in a research report on Wednesday, October 10th. Zacks Investment Research downgraded Smart Sand from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. ValuEngine raised Smart Sand from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Finally, Piper Jaffray Companies downgraded Smart Sand from an “overweight” rating to a “neutral” rating and set a $4.00 price objective for the company. in a research report on Tuesday, November 13th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Smart Sand has an average rating of “Hold” and a consensus price target of $7.50.

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Smart Sand Profile

Smart Sand, Inc engages in the excavation, processing, and sale of industrial sands for use in hydraulic fracturing operations in the oil and gas industry in the United States. The company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies.

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Institutional Ownership by Quarter for Smart Sand (NASDAQ:SND)

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