Quartz Partners LLC Makes New Investment in Smart Sand, Inc. (NASDAQ:SND)

Quartz Partners LLC bought a new stake in shares of Smart Sand, Inc. (NASDAQ:SND) during the fourth quarter, HoldingsChannel.com reports. The fund bought 12,847 shares of the company’s stock, valued at approximately $29,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SND. Geode Capital Management LLC boosted its holdings in Smart Sand by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 425,804 shares of the company’s stock valued at $839,000 after acquiring an additional 5,540 shares during the period. JB Capital Partners LP bought a new stake in shares of Smart Sand during the third quarter worth $376,000. Empowered Funds LLC boosted its stake 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 valued at $340,000 after purchasing an additional 6,909 shares during the period. Ritholtz Wealth Management grew its holdings in shares of Smart Sand by 33.6% in the fourth quarter. Ritholtz Wealth Management now owns 109,876 shares of the company’s stock worth $247,000 after purchasing an additional 27,664 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC purchased a new position in Smart Sand in the 3rd quarter worth about $85,000. 35.21% of the stock is currently owned by hedge funds and other institutional investors.

Smart Sand Price Performance

Smart Sand stock opened at $2.25 on Monday. 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 stock has a market cap of $96.57 million, a price-to-earnings ratio of -16.07 and a beta of 1.09. The firm has a 50-day moving average of $2.32 and a two-hundred day moving average of $2.22. Smart Sand, Inc. has a 1 year low of $1.73 and a 1 year high of $2.80.

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.