Key Points
- Smart Sand VP Christopher Green sold 13,874 shares at an average price of $5.06, totaling $70,202.44. The sale reduced his holdings by 28.8%, leaving him with 34,293 shares.
- Smart Sand shares were trading down 3.7% at $4.91, despite reporting quarterly EPS of $0.25 on revenue of $115.05 million. The company also paid a special dividend of $0.10 per share.
- Analysts recently upgraded Smart Sand to “Buy,” giving the stock a consensus “Buy” rating; institutional investors and hedge funds own approximately 35.21% of the company.
Smart Sand (NASDAQ:SND - Get Free Report) VP Christopher Green sold 13,874 shares of the business's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $5.06, for a total value of $70,202.44. Following the sale, the vice president owned 34,293 shares of the company's stock, valued at approximately $173,522.58. The trade was a 28.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Smart Sand Trading Down 3.7%
Shares of SND opened at $4.91 on Tuesday. The stock's fifty day simple moving average is $4.77 and its 200-day simple moving average is $4.83. The firm has a market capitalization of $208.18 million, a PE ratio of 18.89 and a beta of 0.30. Smart Sand has a 12-month low of $1.88 and a 12-month high of $5.92. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.04.
Smart Sand (NASDAQ:SND - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.25 EPS for the quarter. The firm had revenue of $115.05 million during the quarter. Smart Sand had a return on equity of 4.41% and a net margin of 2.71%.
Smart Sand Dividend Announcement
The firm also recently announced a special dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, July 28th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, July 28th.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Smart Sand from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. Weiss Ratings raised shares of Smart Sand from a "hold (c)" rating to a "buy (b-)" rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy".
Check Out Our Latest Research Report on SND
Hedge Funds Weigh In On Smart Sand
Several institutional investors and hedge funds have recently made changes to their positions in SND. LPL Financial LLC increased its position in shares of Smart Sand by 36.7% in 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 in the last quarter. Geode Capital Management LLC grew its stake in Smart Sand by 1.5% in the second quarter. Geode Capital Management LLC now owns 444,089 shares of the company's stock valued at $893,000 after acquiring an additional 6,551 shares during the period. Kathmere Capital Management LLC grew its stake in Smart Sand by 43.6% in the first quarter. Kathmere Capital Management LLC now owns 27,743 shares of the company's stock valued at $142,000 after acquiring an additional 8,422 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Smart Sand in the first quarter worth about $26,000. Finally, State Street Corp increased its holdings in shares of Smart Sand by 6.7% in the fourth quarter. State Street Corp now owns 161,597 shares of the company's stock worth $646,000 after acquiring an additional 10,200 shares in the last quarter. Institutional investors and hedge funds own 35.21% of the company's stock.
Smart Sand Company Profile
(
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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