Key Points
- Smart Sand CFO Lee Beckelman sold 50,000 shares at an average price of $4.79, generating $239,500. The sale reduced his ownership by 6.48%, leaving him with 721,845 shares.
- Smart Sand reported quarterly EPS of $0.25 on revenue of $115.05 million and recently paid a special dividend of $0.10 per share.
- Analysts upgraded the stock to a consensus “Buy,” while institutional investors—including BlackRock and Arrowstreet Capital—expanded or initiated positions; institutions collectively own 35.21% of the company.
Smart Sand (NASDAQ:SND - Get Free Report) insider James Douglas Young sold 11,669 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $4.84, for a total value of $56,477.96. Following the completion of the sale, the insider owned 344,958 shares in the company, valued at approximately $1,669,596.72. This represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
James Douglas Young also recently made the following trade(s):
- On Tuesday, August 18th, James Douglas Young sold 16,301 shares of Smart Sand stock. The shares were sold at an average price of $4.93, for a total transaction of $80,363.93.
Smart Sand Price Performance
NASDAQ:SND opened at $4.77 on Thursday. The firm has a market cap of $202.25 million, a PE ratio of 18.35 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. The company's 50-day moving average price is $4.75 and its two-hundred day moving average price is $4.83.
Smart Sand (NASDAQ:SND - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.25 EPS for the quarter. Smart Sand had a return on equity of 4.41% and a net margin of 2.71%.The company had revenue of $115.05 million for the quarter.
Smart Sand Announces Dividend
The firm also recently declared a special dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, July 28th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, July 28th.
Hedge Funds Weigh In On Smart Sand
Large investors have recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings 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 valued at $60,000 after purchasing an additional 4,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Smart Sand by 1.5% during the second quarter. Geode Capital Management LLC now owns 444,089 shares of the company's stock worth $893,000 after buying an additional 6,551 shares in the last quarter. Kathmere Capital Management LLC grew its holdings in shares of Smart Sand by 43.6% during the first quarter. Kathmere Capital Management LLC now owns 27,743 shares of the company's stock worth $142,000 after buying an additional 8,422 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in Smart Sand in the 1st quarter valued at approximately $26,000. Finally, State Street Corp raised its position in Smart Sand by 6.7% in the 4th quarter. State Street Corp now owns 161,597 shares of the company's stock valued at $646,000 after buying an additional 10,200 shares during the last quarter. Institutional investors own 35.21% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently commented on SND shares. Wall Street Zen upgraded Smart Sand from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Weiss Ratings upgraded Smart Sand from a "hold (c)" rating to a "buy (b-)" rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy".
Check Out Our Latest Report on Smart Sand
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.
Featured Stories
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].
