JB Capital Partners LP Invests $376,000 in Smart Sand, Inc. (NASDAQ:SND)

JB Capital Partners LP acquired a new stake in shares of Smart Sand, Inc. (NASDAQ:SND) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 200,000 shares of the company’s stock, valued at approximately $376,000. JB Capital Partners LP owned about 0.47% of Smart Sand at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Sara Bay Financial bought a new stake in Smart Sand in the second quarter worth approximately $53,000. Ritholtz Wealth Management raised its holdings in Smart Sand by 65.4% during the second quarter. Ritholtz Wealth Management now owns 135,883 shares of the company’s stock valued at $287,000 after buying an additional 53,716 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Smart Sand by 16.4% in the second quarter. Acadian Asset Management LLC now owns 806,696 shares of the company’s stock worth $1,700,000 after buying an additional 113,440 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Smart Sand by 36.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 300,646 shares of the company’s stock worth $634,000 after acquiring an additional 80,787 shares in the last quarter. Finally, First Eagle Investment Management LLC acquired a new position in shares of Smart Sand during the 2nd quarter valued at about $294,000. Hedge funds and other institutional investors own 35.21% of the company’s stock.

Smart Sand Stock Down 1.3 %

Shares of SND stock opened at $2.33 on Friday. 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’s 50 day simple moving average is $2.19 and its 200 day simple moving average is $2.13. Smart Sand, Inc. has a twelve month low of $1.65 and a twelve month high of $2.80.

Smart Sand Dividend Announcement

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

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.