Raymond James Financial Services Advisors Inc. Grows Stake in Fairmount Santrol Holdings Inc (FMSA)

Raymond James Financial Services Advisors Inc. increased its position in shares of Fairmount Santrol Holdings Inc (NYSE:FMSA) by 99.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 27,300 shares of the industrial products company’s stock after buying an additional 13,600 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Fairmount Santrol were worth $143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FMSA. Dimensional Fund Advisors LP bought a new stake in Fairmount Santrol in the third quarter valued at $101,000. GSA Capital Partners LLP grew its position in Fairmount Santrol by 92.3% in the third quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 10,726 shares during the period. NEXT Financial Group Inc grew its position in Fairmount Santrol by 86.2% in the fourth quarter. NEXT Financial Group Inc now owns 24,200 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 11,200 shares during the period. Oppenheimer & Co. Inc. grew its position in Fairmount Santrol by 80.5% in the third quarter. Oppenheimer & Co. Inc. now owns 27,810 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 12,400 shares during the period. Finally, Chicago Equity Partners LLC bought a new stake in Fairmount Santrol in the fourth quarter valued at $135,000. Institutional investors and hedge funds own 74.73% of the company’s stock.

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FMSA stock opened at $4.45 on Friday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.73 and a current ratio of 2.14. Fairmount Santrol Holdings Inc has a one year low of $2.46 and a one year high of $7.71. The stock has a market capitalization of $1,018.53, a price-to-earnings ratio of 18.16 and a beta of 2.20.

Fairmount Santrol (NYSE:FMSA) last issued its quarterly earnings results on Thursday, March 8th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). Fairmount Santrol had a net margin of 5.60% and a return on equity of 20.31%. The firm had revenue of $273.90 million for the quarter, compared to analyst estimates of $279.50 million. During the same period last year, the company earned ($0.09) EPS. The company’s revenue was up 94.9% compared to the same quarter last year. analysts forecast that Fairmount Santrol Holdings Inc will post 0.63 EPS for the current fiscal year.

In other news, insider Jenniffer D. Deckard sold 6,450 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $4.46, for a total transaction of $28,767.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Gerald L. Clancey sold 10,477 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were 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 have bought 56,600 shares of company stock worth $240,570 and have sold 28,626 shares worth $128,051. Corporate insiders own 9.80% of the company’s stock.

FMSA has been the topic of a number of analyst reports. Cowen set a $6.00 price target on Fairmount Santrol and gave the company a “buy” rating in a research report on Thursday, January 11th. Seaport Global Securities initiated coverage on Fairmount Santrol in a research note on Friday, December 8th. They issued a “buy” rating and a $8.00 price objective on the stock. Piper Jaffray Companies set a $6.00 price objective on Fairmount Santrol and gave the stock a “buy” rating in a research note on Monday, January 1st. Royal Bank of Canada set a $7.00 price objective on Fairmount Santrol and gave the stock a “buy” rating in a research note on Thursday, December 21st. Finally, Guggenheim raised Fairmount Santrol from a “neutral” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Monday, December 18th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Fairmount Santrol has a consensus rating of “Hold” and an average target price of $5.95.

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About Fairmount Santrol

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.

Want to see what other hedge funds are holding FMSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fairmount Santrol Holdings Inc (NYSE:FMSA).

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

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