Smart Sand (NASDAQ:SND) Stock Price Up 3.9% – What’s Next?

Smart Sand, Inc. (NASDAQ:SND) rose 3.9% during trading on Monday . The company traded as high as $2.42 and last traded at $2.40. Approximately 129,320 shares traded hands during trading, an increase of 19% from the average daily volume of 108,873 shares. The stock had previously closed at $2.31.

Smart Sand Stock Up 3.9 %

The company has a market capitalization of $103.01 million, a PE ratio of -17.14 and a beta of 1.10. The stock’s fifty day moving average is $2.27 and its two-hundred day moving average 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.

Institutional Investors Weigh In On Smart Sand

A number of hedge funds have recently modified their holdings of SND. Empowered Funds LLC lifted its holdings 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 purchasing an additional 7,236 shares during the last quarter. Acadian Asset Management LLC lifted its stake 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 buying an additional 113,440 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Smart Sand by 36.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 300,646 shares of the company’s stock worth $634,000 after buying an additional 80,787 shares during the period. First Eagle Investment Management LLC purchased a new position in Smart Sand in the 2nd quarter valued at approximately $294,000. Finally, Garden State Investment Advisory Services LLC purchased a new position in Smart Sand in the 3rd quarter valued at approximately $85,000. Institutional investors own 35.21% of the company’s stock.

About Smart Sand

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.