Credit Capital Investments LLC Takes $1.23 Million Position in Fairmount Santrol Holdings Inc (FMSA)

Credit Capital Investments LLC acquired a new stake in Fairmount Santrol Holdings Inc (NYSE:FMSA) in the fourth quarter, Holdings Channel reports. The fund acquired 235,000 shares of the industrial products company’s stock, valued at approximately $1,229,000. Fairmount Santrol accounts for 1.3% of Credit Capital Investments LLC’s investment portfolio, making the stock its 20th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. ING Groep NV bought a new stake in shares of Fairmount Santrol during the 3rd quarter worth approximately $24,846,000. SailingStone Capital Partners LLC bought a new stake in shares of Fairmount Santrol during the 4th quarter worth approximately $24,371,000. Think Investments LP bought a new stake in shares of Fairmount Santrol during the 3rd quarter worth approximately $17,643,000. State Street Corp lifted its holdings in shares of Fairmount Santrol by 50.9% during the 2nd quarter. State Street Corp now owns 4,569,533 shares of the industrial products company’s stock worth $17,820,000 after acquiring an additional 1,540,859 shares during the period. Finally, Majedie Asset Management Ltd bought a new stake in shares of Fairmount Santrol during the 4th quarter worth approximately $4,843,000. 74.84% of the stock is owned by hedge funds and other institutional investors.

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Fairmount Santrol Holdings Inc (NYSE FMSA) opened at $4.33 on Friday. The stock has a market cap of $940.01, a P/E ratio of 16.76 and a beta of 2.20. Fairmount Santrol Holdings Inc has a 12-month low of $2.46 and a 12-month high of $8.20. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65.

Fairmount Santrol (NYSE:FMSA) last released its quarterly earnings data on Thursday, March 8th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 21.36% and a net margin of 5.60%. Fairmount Santrol’s revenue for the quarter was up 94.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.09) earnings per share. analysts anticipate that Fairmount Santrol Holdings Inc will post 0.54 earnings per share for the current year.

In other Fairmount Santrol news, insider Jenniffer D. Deckard sold 6,450 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $4.46, for a total value of $28,767.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gerald L. Clancey sold 10,477 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $4.49, for a total transaction of $47,041.73. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,626 shares of company stock valued at $128,051. 9.80% of the stock is owned by corporate insiders.

FMSA has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $6.00 price target on shares of Fairmount Santrol and gave the stock a “buy” rating in a report on Sunday, November 12th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $6.15 price target on shares of Fairmount Santrol in a report on Tuesday, December 26th. Howard Weil downgraded shares of Fairmount Santrol from a “sector outperform” rating to a “sector perform” rating in a report on Friday, January 12th. B. Riley initiated coverage on shares of Fairmount Santrol in a report on Thursday, December 7th. They set a “neutral” rating and a $5.50 price target for the company. Finally, ValuEngine raised shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target 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.

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

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