JB Capital Partners LP Makes New Investment in Smart Sand, Inc. (NASDAQ:SND)

JB Capital Partners LP acquired a new stake in Smart Sand, Inc. (NASDAQ:SND) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $376,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC increased its stake in Smart Sand by 5.3% during the third quarter. Empowered Funds LLC now owns 143,983 shares of the company’s stock valued at $284,000 after acquiring an additional 7,236 shares during the period. Sara Bay Financial acquired a new stake in shares of Smart Sand during the 2nd quarter worth approximately $53,000. Ritholtz Wealth Management grew its holdings in shares of Smart Sand by 65.4% during the 2nd quarter. Ritholtz Wealth Management now owns 135,883 shares of the company’s stock worth $287,000 after purchasing an additional 53,716 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Smart Sand by 36.7% during the second 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 period. Finally, Acadian Asset Management LLC raised its stake in shares of Smart Sand by 16.4% in the second 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 in the last quarter. Institutional investors and hedge funds own 35.21% of the company’s stock.

Smart Sand Stock Performance

SND opened at $2.33 on Friday. Smart Sand, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $2.80. The company has a current ratio of 1.71, a quick ratio of 0.98 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average price is $2.19 and its two-hundred day moving average price is $2.13.

Smart Sand Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 15th were paid a $0.10 dividend. The ex-dividend date was Tuesday, October 15th. This represents a yield of 4.52%.

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.