Key Points
- Insider Ronald Whelan purchased 4,325 shares on November 28 at an average price of $2.91 for $12,585.75, increasing his holdings to 457,266 shares (≈0.95% increase).
- The company announced a special dividend of $0.05 payable December 16 to investors of record on December 2 (ex-dividend date December 2).
- Smart Sand beat EPS expectations with $0.08 versus a -$0.03 consensus but reported revenue of $0.09 million versus analysts' $60.00 million expectation; the stock trades near a one-year high of $3.26 with a market cap of $141.94M and a P/E of 36.22.
Smart Sand (NASDAQ:SND - Get Free Report) insider Ronald Whelan purchased 4,325 shares of the stock in a transaction dated Friday, November 28th. The shares were acquired at an average cost of $2.91 per share, for a total transaction of $12,585.75. Following the completion of the acquisition, the insider owned 457,266 shares of the company's stock, valued at approximately $1,330,644.06. This represents a 0.95% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Smart Sand Price Performance
NASDAQ SND opened at $3.26 on Tuesday. Smart Sand has a one year low of $1.76 and a one year high of $3.26. The stock has a 50-day moving average of $2.32 and a 200 day moving average of $2.09. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.70. The company has a market capitalization of $141.94 million, a price-to-earnings ratio of 36.22 and a beta of 0.38.
Smart Sand (NASDAQ:SND - Get Free Report) last posted its earnings results on Wednesday, November 12th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.11. Smart Sand had a net margin of 1.16% and a negative return on equity of 7.55%. The business had revenue of $0.09 million for the quarter, compared to analysts' expectations of $60.00 million. On average, sell-side analysts forecast that Smart Sand will post 0.07 EPS for the current year.
Smart Sand Dividend Announcement
The business also recently announced a special dividend, which will be paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd will be issued a $0.05 dividend. The ex-dividend date is Tuesday, December 2nd.
Institutional Trading of Smart Sand
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SND. Geode Capital Management LLC raised its position in Smart Sand by 1.5% in the second quarter. Geode Capital Management LLC now owns 444,089 shares of the company's stock worth $893,000 after acquiring an additional 6,551 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Smart Sand in the 1st quarter worth $26,000. First Eagle Investment Management LLC increased its stake in shares of Smart Sand by 3.8% in the 3rd quarter. First Eagle Investment Management LLC now owns 286,483 shares of the company's stock worth $613,000 after purchasing an additional 10,444 shares in the last quarter. Empowered Funds LLC raised its holdings in Smart Sand by 7.0% in the 1st quarter. Empowered Funds LLC now owns 161,480 shares of the company's stock worth $418,000 after purchasing an additional 10,588 shares during the period. Finally, Bridgeway Capital Management LLC lifted its position in Smart Sand by 2.6% during the second quarter. Bridgeway Capital Management LLC now owns 569,488 shares of the company's stock valued at $1,145,000 after purchasing an additional 14,390 shares in the last quarter. 35.21% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
SND has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Smart Sand to a "buy" rating in a research report on Saturday. Weiss Ratings restated a "hold (c)" rating on shares of Smart Sand in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold".
Read Our Latest Analysis on Smart Sand
Smart Sand Company Profile
(
Get Free Report)
Smart Sand, Inc, an integrated frac and industrial sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides proppant logistics services; and wellsite storage solutions through SmartSystems products and services.
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