Dimensional Fund Advisors LP Purchases 118,370 Shares of Smart Sand, Inc. (NASDAQ:SND)

Dimensional Fund Advisors LP boosted its stake in Smart Sand, Inc. (NASDAQ:SND) by 30.5% in the fourth quarter, HoldingsChannel reports. The firm owned 506,974 shares of the company’s stock after acquiring an additional 118,370 shares during the period. Dimensional Fund Advisors LP’s holdings in Smart Sand were worth $1,140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Empowered Funds LLC grew its holdings in shares of Smart Sand by 4.8% during the fourth quarter. Empowered Funds LLC now owns 150,892 shares of the company’s stock worth $340,000 after buying an additional 6,909 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Smart Sand by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 433,251 shares of the company’s stock valued at $975,000 after buying an additional 7,447 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of Smart Sand in the fourth quarter valued at approximately $25,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of Smart Sand in the fourth quarter valued at approximately $25,000. Finally, Quartz Partners LLC acquired a new stake in shares of Smart Sand in the fourth quarter valued at approximately $29,000. Institutional investors own 35.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Smart Sand from a “buy” rating to a “hold” rating in a research note on Tuesday.

Smart Sand Price Performance

Smart Sand stock opened at $1.89 on Friday. Smart Sand, Inc. has a one year low of $1.73 and a one year high of $2.80. The stock’s fifty day moving average price is $2.17 and its two-hundred day moving average price is $2.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 0.98. The firm has a market cap of $83.10 million, a PE ratio of -13.46 and a beta of 0.97.

Smart Sand (NASDAQ:SND) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.59). Smart Sand had a negative net margin of 1.96% and a negative return on equity of 1.74%. The firm had revenue of $65.56 million for the quarter, compared to analyst estimates of $60.00 million. As a group, research analysts expect that Smart Sand, Inc. will post 0.07 EPS for the current fiscal year.

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.