FMSA Holdings Inc. (FMSA) Director Charles D. Fowler Buys 1,666,666 Shares

FMSA Holdings Inc. (NYSE:FMSA) Director Charles D. Fowler bought 1,666,666 shares of the stock in a transaction dated Tuesday, July 26th. The stock was acquired at an average price of $5.95 per share, with a total value of $9,916,662.70. Following the completion of the purchase, the director now owns 1,705,132 shares of the company’s stock, valued at approximately $10,145,535.40. The acquisition was disclosed in a filing with the SEC, which is available through this link.

FMSA Holdings Inc. (NYSE:FMSA) traded down 2.68% during trading on Thursday, reaching $6.53. The company had a trading volume of 1,747,366 shares. The stock has a 50 day moving average of $7.36 and a 200-day moving average of $4.10. The stock’s market capitalization is $1.05 billion. FMSA Holdings Inc. has a 12-month low of $1.00 and a 12-month high of $8.83.

FMSA Holdings (NYSE:FMSA) last issued its earnings results on Tuesday, May 10th. The company reported ($0.07) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.05. The company had revenue of $145.50 million for the quarter, compared to analysts’ expectations of $131.06 million. The business’s revenue was down 51.8% compared to the same quarter last year. During the same period last year, the business posted $0.18 earnings per share. On average, analysts forecast that FMSA Holdings Inc. will post ($0.42) earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the company. Citigroup Inc. raised their target price on FMSA Holdings from $9.50 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, July 19th. Morgan Stanley upgraded FMSA Holdings from an “equal weight” rating to an “overweight” rating and set a $9.00 target price for the company in a research note on Thursday, May 26th. KLR Group restated a “hold” rating and issued a $3.90 target price (up from $3.30) on shares of FMSA Holdings in a research note on Thursday, May 12th. Jefferies Group restated a “hold” rating and issued a $4.00 target price (up from $3.50) on shares of FMSA Holdings in a research note on Tuesday, May 24th. Finally, GMP Securities upgraded FMSA Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $6.90.

Fairmount Santrol Holdings Inc, formerly FMSA Holdings Inc, is a provider of sand-based proppant solutions. The Company’s operations are organized into two segments: Proppant Solutions and Industrial and Recreational (I&R) Products. The Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States, Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.