Element Capital Management LLC Takes Position in Fairmount Santrol (FMSA)

Element Capital Management LLC purchased a new stake in shares of Fairmount Santrol (NYSE:FMSA) during the 1st quarter, HoldingsChannel reports. The fund purchased 85,425 shares of the industrial products company’s stock, valued at approximately $363,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FMSA. HAP Trading LLC bought a new position in Fairmount Santrol in the first quarter valued at approximately $225,000. GSA Capital Partners LLP boosted its stake in Fairmount Santrol by 640.2% in the first quarter. GSA Capital Partners LLP now owns 440,602 shares of the industrial products company’s stock valued at $1,873,000 after acquiring an additional 381,076 shares during the last quarter. Van ECK Associates Corp boosted its stake in Fairmount Santrol by 13.1% in the first quarter. Van ECK Associates Corp now owns 3,850,649 shares of the industrial products company’s stock valued at $16,365,000 after acquiring an additional 446,638 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Fairmount Santrol by 418.1% in the first quarter. Dimensional Fund Advisors LP now owns 109,821 shares of the industrial products company’s stock valued at $467,000 after acquiring an additional 88,626 shares during the last quarter. Finally, Alambic Investment Management L.P. bought a new position in Fairmount Santrol in the first quarter valued at approximately $386,000. 71.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:FMSA opened at $5.63 on Thursday. Fairmount Santrol has a 12 month low of $2.46 and a 12 month high of $6.39. The company has a current ratio of 2.19, a quick ratio of 1.77 and a debt-to-equity ratio of 2.20. The firm has a market cap of $1.30 billion, a P/E ratio of 23.46 and a beta of 2.13.

Fairmount Santrol (NYSE:FMSA) last issued its quarterly earnings data on Thursday, May 3rd. The industrial products company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Fairmount Santrol had a net margin of 8.89% and a return on equity of 33.29%. The business had revenue of $273.34 million for the quarter, compared to analyst estimates of $270.29 million. During the same period last year, the business posted ($0.05) earnings per share. The firm’s quarterly revenue was up 58.4% on a year-over-year basis. research analysts predict that Fairmount Santrol will post 0.69 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the stock. Cowen raised their price objective on shares of Fairmount Santrol from $6.00 to $6.50 and gave the company an “outperform” rating in a research note on Friday, May 4th. Barclays reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Fairmount Santrol in a research note on Sunday, May 6th. B. Riley raised their price objective on shares of Fairmount Santrol to $5.50 and gave the company a “neutral” rating in a research note on Tuesday, May 8th. Credit Suisse Group reduced their price objective on shares of Fairmount Santrol from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, March 9th. Finally, Piper Jaffray Companies set a $6.00 price objective on shares of Fairmount Santrol and gave the company a “buy” rating in a research note on Wednesday, March 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company’s stock. Fairmount Santrol currently has an average rating of “Hold” and a consensus target price of $6.03.

Fairmount Santrol Company Profile

Fairmount Santrol Holdings Inc, together with its subsidiaries, provides sand-based proppant solutions for exploration and production companies. The company operates in two segments, Proppant Solutions and Industrial & Recreational Products. The Proppant Solutions segment primarily provides sand-based proppants for use in hydraulic fracturing operations in the United States, Canada, Argentina, Mexico, China, and northern Europe.

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Institutional Ownership by Quarter for Fairmount Santrol (NYSE:FMSA)

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