Empowered Funds LLC Buys 7,236 Shares of Smart Sand, Inc. (NASDAQ:SND)

Empowered Funds LLC boosted its stake in shares of Smart Sand, Inc. (NASDAQ:SND) by 5.3% during the third quarter, Holdings Channel.com reports. The fund owned 143,983 shares of the company’s stock after acquiring an additional 7,236 shares during the period. Empowered Funds LLC’s holdings in Smart Sand were worth $284,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sara Bay Financial acquired a new position in shares of Smart Sand in the 2nd quarter valued at approximately $53,000. Ritholtz Wealth Management increased its stake in Smart Sand by 65.4% in the second quarter. Ritholtz Wealth Management now owns 135,883 shares of the company’s stock valued at $287,000 after acquiring an additional 53,716 shares during the last quarter. First Eagle Investment Management LLC bought a new position in Smart Sand in the second quarter valued at approximately $294,000. O Shaughnessy Asset Management LLC raised its position in Smart Sand by 67.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 212,994 shares of the company’s stock valued at $407,000 after purchasing an additional 85,636 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Smart Sand by 36.7% during the second quarter. Dimensional Fund Advisors LP now owns 300,646 shares of the company’s stock worth $634,000 after purchasing an additional 80,787 shares during the last quarter. Institutional investors own 35.21% of the company’s stock.

Smart Sand Price Performance

Smart Sand stock opened at $2.45 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.98 and a current ratio of 1.71. Smart Sand, Inc. has a 52 week low of $1.65 and a 52 week high of $2.80. The stock has a market capitalization of $105.15 million, a P/E ratio of -17.50 and a beta of 1.07. The stock has a fifty day moving average of $2.17 and a 200-day moving average of $2.12.

Smart Sand Announces Dividend

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

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.