Key Points
- Insider sales: Director Francis Michael Porcelli sold 100,000 SND shares on March 4 at $4.03 ($403,000) and another 150,000 on March 5 at $4.02 ($603,000), totaling 250,000 shares sold for about $1.006 million; after the March 4 sale he owned 1,019,060 shares.
- Board buyback: Smart Sand's board authorized a $20 million stock repurchase on February 26, allowing the company to buy back up to roughly 8.9% of outstanding shares.
- Quarterly results: On February 26 Smart Sand beat expectations with EPS of $0.03 (vs. -$0.03 est.) and revenue of $86.05 million (vs. $60.0M est.), while the company has a market cap around $183 million and the stock recently traded near $4.20.
Smart Sand (NASDAQ:SND - Get Free Report) Director Francis Michael Porcelli sold 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $4.03, for a total transaction of $403,000.00. Following the completion of the sale, the director owned 1,019,060 shares in the company, valued at approximately $4,106,811.80. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Francis Michael Porcelli also recently made the following trade(s):
- On Thursday, March 5th, Francis Michael Porcelli sold 150,000 shares of Smart Sand stock. The shares were sold at an average price of $4.02, for a total transaction of $603,000.00.
Smart Sand Price Performance
SND stock traded up $0.10 during trading on Friday, reaching $4.20. 133,598 shares of the company were exchanged, compared to its average volume of 411,563. The company has a market capitalization of $182.87 million, a price-to-earnings ratio of 140.00 and a beta of 0.27. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.76 and a quick ratio of 1.14. The company has a 50-day moving average of $4.50 and a two-hundred day moving average of $3.20. Smart Sand has a twelve month low of $1.76 and a twelve month high of $5.59.
Smart Sand (NASDAQ:SND - Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.06. The firm had revenue of $86.05 million for the quarter, compared to analyst estimates of $60.00 million. Smart Sand had a net margin of 0.41% and a negative return on equity of 8.67%. As a group, equities analysts predict that Smart Sand will post 0.07 earnings per share for the current fiscal year.
Smart Sand announced that its board has authorized a stock buyback plan on Thursday, February 26th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 8.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.
Institutional Trading of Smart Sand
A number of institutional investors and hedge funds have recently bought and sold shares of SND. Goldman Sachs Group Inc. acquired a new position in Smart Sand during the 1st quarter worth about $26,000. Bailard Inc. acquired a new stake in shares of Smart Sand in the second quarter valued at about $50,000. Squarepoint Ops LLC bought a new position in shares of Smart Sand during the fourth quarter worth about $57,000. Balyasny Asset Management L.P. bought a new position in shares of Smart Sand during the fourth quarter worth about $59,000. Finally, LPL Financial LLC lifted its stake in shares of Smart Sand by 36.7% in the fourth quarter. LPL Financial LLC now owns 14,900 shares of the company's stock worth $60,000 after acquiring an additional 4,000 shares during the period. 35.21% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
SND has been the subject of several research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Smart Sand in a research report on Monday, December 29th. Wall Street Zen cut Smart Sand from a "strong-buy" rating to a "buy" rating in a report on Sunday, December 28th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold".
Read Our Latest Report on Smart Sand
About Smart Sand
(
Get Free Report)
Smart Sand, Inc (NASDAQ:SND) is a U.S.-based industrial mineral company specializing in the mining, processing and distribution of high-purity silica sand. The company's primary business centers on the production of frac sand for the oil and gas industry, as well as specialty sand products for foundry, glass and construction applications. Through an integrated network of mines, processing plants and trans-load facilities, Smart Sand delivers precision-engineered sand solutions designed to meet stringent performance and purity requirements.
Smart Sand's operations include flagship mining and processing facilities in Wisconsin, which supply Northern White silica sand, and production sites in Texas, strategically located to serve major U.S.
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