Smart Sand (NASDAQ:SND – Get Free Report) shares shot up 2.1% during mid-day trading on Tuesday . The stock traded as high as $4.81 and last traded at $4.76. Approximately 431,751 shares traded hands during trading, a decline of 19% from the average daily volume of 532,313 shares. The stock had previously closed at $4.66.
Wall Street Analyst Weigh In
Several research firms recently weighed in on SND. Wall Street Zen raised shares of Smart Sand from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings raised shares of Smart Sand from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Read Our Latest Analysis on SND
Smart Sand Stock Performance
Smart Sand (NASDAQ:SND – Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.10) EPS for the quarter. The company had revenue of $93.11 million during the quarter.
Smart Sand Announces Dividend
The firm also recently disclosed a special dividend, which was paid on Tuesday, May 5th. Shareholders of record on Wednesday, April 22nd were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. bought a new position in Smart Sand in the 1st quarter worth about $26,000. Squarepoint Ops LLC bought a new stake in shares of Smart Sand during the fourth quarter valued at approximately $57,000. Balyasny Asset Management L.P. bought a new stake in shares of Smart Sand during the fourth quarter valued at approximately $59,000. LPL Financial LLC boosted 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 during the period. Finally, Occudo Quantitative Strategies LP bought a new position in Smart Sand in the fourth quarter worth approximately $71,000. Hedge funds and other institutional investors own 35.21% of the company’s stock.
Smart Sand Company Profile
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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