Fairmount Santrol Holdings Inc (NYSE:FMSA) insider Brian J. Richardson bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was purchased at an average cost of $4.17 per share, with a total value of $20,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Fairmount Santrol stock opened at $4.27 on Monday. Fairmount Santrol Holdings Inc has a 1 year low of $2.46 and a 1 year high of $7.71. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.73 and a current ratio of 2.14. The firm has a market capitalization of $957.96, a P/E ratio of 17.08 and a beta of 2.20.
Fairmount Santrol (NYSE:FMSA) last posted its quarterly earnings data on Thursday, March 8th. The industrial products company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The company had revenue of $273.90 million for the quarter, compared to analyst estimates of $279.50 million. Fairmount Santrol had a return on equity of 20.31% and a net margin of 5.60%. The firm’s revenue was up 94.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.09) earnings per share. equities analysts predict that Fairmount Santrol Holdings Inc will post 0.6 earnings per share for the current fiscal year.
A number of analysts recently issued reports on the company. Piper Jaffray Companies set a $6.00 target price on Fairmount Santrol and gave the company a “buy” rating in a research report on Wednesday, March 14th. Cowen reissued a “buy” rating and issued a $6.00 target price on shares of Fairmount Santrol in a research report on Friday, March 9th. Credit Suisse Group decreased their target price on Fairmount Santrol from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Friday, March 9th. Zacks Investment Research raised Fairmount Santrol from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, Scotia Howard Weill reissued a “sector perform” rating on shares of Fairmount Santrol in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $5.95.
Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of Fairmount Santrol by 96.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,414,470 shares of the industrial products company’s stock valued at $6,762,000 after buying an additional 692,814 shares during the period. Boston Partners acquired a new stake in shares of Fairmount Santrol in the 3rd quarter valued at approximately $3,879,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Fairmount Santrol by 68.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 124,316 shares of the industrial products company’s stock valued at $484,000 after buying an additional 50,298 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Fairmount Santrol by 5.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 634,392 shares of the industrial products company’s stock valued at $3,033,000 after buying an additional 32,017 shares during the period. Finally, Ninepoint Partners LP acquired a new stake in shares of Fairmount Santrol in the 3rd quarter valued at approximately $1,864,000. 74.73% of the stock is owned by institutional investors and hedge funds.
WARNING: This article was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://ledgergazette.com/2018/03/19/fairmount-santrol-holdings-inc-fmsa-insider-acquires-20850-00-in-stock.html.
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.
Receive News & Ratings for Fairmount Santrol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairmount Santrol and related companies with MarketBeat.com's FREE daily email newsletter.