Connor Clark & Lunn Investment Management Ltd. Lowers Stock Holdings in Smart Sand, Inc. (NASDAQ:SND)

Connor Clark & Lunn Investment Management Ltd. lessened its position in Smart Sand, Inc. (NASDAQ:SND) by 40.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 70,882 shares of the company’s stock after selling 48,932 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Smart Sand were worth $140,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Sara Bay Financial purchased a new position in Smart Sand in the 2nd quarter valued at approximately $53,000. Empowered Funds LLC boosted its holdings in Smart Sand by 5.3% in the third quarter. Empowered Funds LLC now owns 143,983 shares of the company’s stock valued at $284,000 after purchasing an additional 7,236 shares during the period. Ritholtz Wealth Management increased its holdings 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 purchasing an additional 53,716 shares during the period. First Eagle Investment Management LLC purchased a new stake in Smart Sand during the 2nd quarter worth about $294,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Smart Sand by 36.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 300,646 shares of the company’s stock valued at $634,000 after buying an additional 80,787 shares during the period. Institutional investors and hedge funds own 35.21% of the company’s stock.

Smart Sand Stock Up 2.6 %

SND stock opened at $2.39 on Monday. Smart Sand, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $2.80. The company’s 50 day moving average price is $2.20 and its 200 day moving average price is $2.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.98 and a current ratio of 1.71. The firm has a market capitalization of $102.58 million, a price-to-earnings ratio of -17.07 and a beta of 1.07.

Smart Sand Dividend Announcement

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

Smart Sand 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.