Empowered Funds LLC Increases Stake in Smart Sand, Inc. (NASDAQ:SND)


Empowered Funds LLC increased its position in shares of Smart Sand, Inc. (NASDAQ:SND – Free Report) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 127,027 shares of the company after acquiring an additional 9,592 shares during the quarter. Empowered Funds LLC owned 0.30% of Smart Sand worth $243,000, according to its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Ritholtz Wealth Management increased its holdings in Smart Sand by 72.7% in the 4th quarter. Ritholtz Wealth Management now owns 42,850 shares of the company’s stock worth $83,000 after acquiring an additional 18,034 shares in the last quarter. AJOVista LLC purchased a new position in shares of Smart Sand in the 4th quarter worth approximately $35,000. Cullen Investment Group LTD. purchased a new position in shares of Smart Sand in the 1st quarter worth approximately $59,000. Kathmere Capital Management LLC purchased a new position in shares of Smart Sand in the 1st quarter worth approximately $31,000. Finally, CastleKnight Management LP increased its holdings in shares of Smart Sand by 44.0% in the 4th quarter. CastleKnight Management LP now owns 959,238 shares of the company’s stock worth $1,851,000 after purchasing an additional 292,900 shares in the last quarter. Hedge funds and other institutional investors hold 35.21% of the shares.

Wall Street analysts weigh in

SND has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and gave shares of Smart Sand a $3.00 price target in a report on Wednesday, May 15th. Piper Sandler lowered their price target on shares of Smart Sand from $2.75 to $2.25 and gave the stock a “neutral” rating in a report on Monday, July 15th.

View our latest research report on smart sand

Smart Sand Stock Performance

Shares of Smart Sand opened at $2.23 on Monday. Smart Sand, Inc. has a 52-week low of $1.65 and a 52-week high of $2.48. The stock’s 50-day simple moving average is $2.13 and its 200-day simple moving average is $2.03. The stock has a market cap of $94.95 million, a price/earnings ratio of 10.14 and a beta of 1.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.77 and a current ratio of 1.20.

Smart Sand (NASDAQ:SND – Get Free Report) last announced its quarterly earnings results on Monday, May 13. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). Smart Sand had a net margin of 2.71% and a return on equity of 3.31%. The company had revenue of $83.05 million during the quarter, compared to the consensus estimate of $75.20 million. As a group, research analysts expect Smart Sand, Inc. to post -0.01 EPS for the current year.

About Smart Sand

(Free Report)

Smart Sand, Inc., an integrated hydraulic fracturing and industrial sands supply and service company, is engaged in the excavation, processing and sale of sand 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 on-site storage solutions through SmartSystems products and services.

Also see

Want to know which other hedge funds own SND? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Smart Sand, Inc. (NASDAQ:SND – Free Report).

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



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