Garden State Investment Advisory Services LLC Acquires New Stake in Smart Sand, Inc. (NASDAQ:SND)

Garden State Investment Advisory Services LLC acquired a new stake in Smart Sand, Inc. (NASDAQ:SND) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 43,000 shares of the company’s stock, valued at approximately $85,000. Garden State Investment Advisory Services LLC owned approximately 0.10% of Smart Sand at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SND. Sara Bay Financial bought a new stake in Smart Sand during the 2nd quarter worth about $53,000. Empowered Funds LLC lifted its position in Smart Sand by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 143,983 shares of the company’s stock worth $284,000 after buying an additional 7,236 shares in the last quarter. Ritholtz Wealth Management lifted its position in 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 buying an additional 53,716 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in Smart Sand during the 2nd quarter worth about $294,000. Finally, JB Capital Partners LP bought a new stake in Smart Sand during the 3rd quarter worth about $376,000. 35.21% of the stock is owned by institutional investors.

Smart Sand Price Performance

Shares of NASDAQ:SND opened at $2.40 on Tuesday. The company’s 50-day moving average price is $2.21 and its two-hundred day moving average price is $2.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 0.98. Smart Sand, Inc. has a one year low of $1.65 and a one year high of $2.80.

Smart Sand Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a yield of 4.52%.

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.