Key Points
- Insider buying: Smart Sand insider Ronald Whelan bought 4,444 shares at $4.50 each, a $19,998 transaction that raised his holdings to 472,941 shares.
- Stock movement and valuation: The stock was trading up 11.2% and opened at $4.77, with a market cap of about $205 million and a low debt-to-equity ratio of 0.04.
- Company actions and sentiment: Smart Sand recently paid a $0.10 special dividend and authorized a $20 million share buyback, while analysts currently rate the stock an average Hold.
Smart Sand (NASDAQ:SND - Get Free Report) insider Ronald Whelan purchased 4,444 shares of Smart Sand stock in a transaction dated Friday, May 29th. The stock was acquired at an average price of $4.50 per share, for a total transaction of $19,998.00. Following the completion of the transaction, the insider owned 472,941 shares in the company, valued at approximately $2,128,234.50. The trade was a 0.95% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Smart Sand Trading Up 11.2%
Smart Sand stock opened at $4.77 on Tuesday. The firm's 50-day moving average is $4.97 and its 200-day moving average is $4.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.66. Smart Sand has a 1 year low of $1.76 and a 1 year high of $5.84. The company has a market cap of $205.04 million, a P/E ratio of 8.67 and a beta of 0.41.
Smart Sand (NASDAQ:SND - Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $93.11 million for the quarter.
Smart Sand Announces Dividend
The company also recently disclosed a special dividend, which was paid on Tuesday, May 5th. Investors of record on Wednesday, April 22nd were given a $0.10 dividend. The ex-dividend date was Wednesday, April 22nd.
Smart Sand announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 26th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 8.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.
Analyst Ratings Changes
Several brokerages recently weighed in on SND. Wall Street Zen upgraded shares of Smart Sand from a "hold" rating to a "buy" rating in a research report on Saturday, May 16th. Weiss Ratings upgraded shares of Smart Sand from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Smart Sand has an average rating of "Hold".
Check Out Our Latest Analysis on Smart Sand
Hedge Funds Weigh In On Smart Sand
Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new position in Smart Sand during the 1st quarter valued at about $26,000. Squarepoint Ops LLC acquired a new position in Smart Sand during the 4th quarter valued at about $57,000. Balyasny Asset Management L.P. acquired a new position in Smart Sand during the 4th quarter valued at about $59,000. LPL Financial LLC increased its stake in Smart Sand by 36.7% during the 4th quarter. LPL Financial LLC now owns 14,900 shares of the company's stock valued at $60,000 after buying an additional 4,000 shares during the period. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Smart Sand in the 4th quarter worth approximately $71,000. Institutional investors and hedge funds own 35.21% of the company's stock.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
