Smart Sand (NASDAQ:SND – Get Free Report) CFO Lee Beckelman sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $4.79, for a total value of $239,500.00. Following the transaction, the chief financial officer owned 721,845 shares of the company’s stock, valued at $3,457,637.55. This trade represents a 6.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Smart Sand Trading Down 4.0%
Shares of SND traded down $0.20 during mid-day trading on Wednesday, reaching $4.77. 327,782 shares of the company’s stock traded hands, compared to its average volume of 313,683. The stock has a market cap of $202.25 million, a P/E ratio of 18.35 and a beta of 0.30. The stock’s 50-day moving average is $4.75 and its two-hundred day moving average is $4.83. Smart Sand has a 12 month low of $1.88 and a 12 month high of $5.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.69 and a quick ratio of 1.11.
Smart Sand (NASDAQ:SND – Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.25 earnings per share (EPS) for the quarter. Smart Sand had a return on equity of 4.41% and a net margin of 2.71%.The firm had revenue of $115.05 million during the quarter.
Smart Sand Dividend Announcement
Institutional Investors Weigh In On Smart Sand
Several hedge funds have recently modified their holdings of SND. Gendell Jeffrey L increased its position in shares of Smart Sand by 16.0% during the fourth quarter. Gendell Jeffrey L now owns 3,126,915 shares of the company’s stock worth $12,508,000 after purchasing an additional 430,507 shares in the last quarter. BlackRock Inc. acquired a new stake in Smart Sand in the 2nd quarter worth approximately $10,083,000. Arrowstreet Capital Limited Partnership boosted its stake in Smart Sand by 59.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 798,823 shares of the company’s stock worth $4,090,000 after purchasing an additional 298,017 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Smart Sand by 25.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 798,809 shares of the company’s stock worth $4,090,000 after purchasing an additional 162,823 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its position in Smart Sand by 3.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 610,034 shares of the company’s stock worth $2,440,000 after purchasing an additional 20,213 shares during the last quarter. Hedge funds and other institutional investors own 35.21% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have recently commented on SND shares. Weiss Ratings upgraded shares of Smart Sand from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. Wall Street Zen raised shares of Smart Sand from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.
View Our Latest Stock Analysis on SND
About Smart Sand
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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