Shares of Fairmount Santrol Holdings Inc (NYSE:FMSA) shot up 2.4% during mid-day trading on Thursday . The stock traded as high as $5.07 and last traded at $5.12. 1,418,223 shares were traded during trading, a decline of 46% from the average session volume of 2,630,189 shares. The stock had previously closed at $5.00.
Several research firms recently issued reports on FMSA. Scotia Howard Weill reiterated a “sector perform” rating on shares of Fairmount Santrol in a report on Friday, January 12th. Howard Weil downgraded Fairmount Santrol from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, January 12th. Cowen set a $6.00 price target on Fairmount Santrol and gave the stock a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research downgraded Fairmount Santrol from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Finally, Royal Bank of Canada set a $7.00 price target on Fairmount Santrol and gave the stock a “buy” rating in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.95.
The company has a quick ratio of 1.73, a current ratio of 2.14 and a debt-to-equity ratio of 2.28. The stock has a market cap of $1,058.91, a P/E ratio of 20.83 and a beta of 2.17.
In other news, insider Jenniffer D. Deckard sold 6,450 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $4.46, for a total value of $28,767.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Gerald L. Clancey sold 10,477 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $4.49, for a total value of $47,041.73. The disclosure for this sale can be found here. In the last ninety days, insiders bought 56,600 shares of company stock worth $240,570 and sold 28,626 shares worth $128,051. 9.80% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP acquired a new stake in Fairmount Santrol during the third quarter worth approximately $101,000. GSA Capital Partners LLP grew its position in Fairmount Santrol by 92.3% during the third quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock worth $107,000 after buying an additional 10,726 shares in the last quarter. Ferris Capital LLC acquired a new stake in Fairmount Santrol during the fourth quarter worth approximately $126,000. NEXT Financial Group Inc grew its position in Fairmount Santrol by 86.2% during the fourth quarter. NEXT Financial Group Inc now owns 24,200 shares of the industrial products company’s stock worth $127,000 after buying an additional 11,200 shares in the last quarter. Finally, Chicago Equity Partners LLC acquired a new stake in Fairmount Santrol during the fourth quarter worth approximately $135,000. 74.74% of the stock is currently owned by institutional investors and hedge funds.
Fairmount Santrol Company Profile
Fairmount Santrol Holdings Inc is a provider of sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.
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