Smart Sand (NASDAQ:SND) Insider Ronald Whelan Buys 4,444 Shares of Stock

Smart Sand (NASDAQ:SND) insider Ronald Whelan purchased 4,444 shares of the business’s stock in a transaction on Friday, May 29th. The shares were bought at an average cost of $4.50 per share, for a total transaction of $19,998.00. Following the purchase, the insider owned 472,941 shares of the company’s stock, valued at $2,128,234.50. This trade represents a 0.95% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Smart Sand Stock Performance

NASDAQ:SND opened at $4.77 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. 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 has a fifty-two week low of $1.76 and a fifty-two week high of $5.84. The firm’s 50 day moving average is $4.97 and its two-hundred day moving average is $4.37.

Smart Sand (NASDAQ:SND) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $93.11 million for the quarter.

Smart Sand Announces Dividend

The business also recently declared a special dividend, which was paid on Tuesday, May 5th. Shareholders of record on Wednesday, April 22nd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, April 22nd.

Smart Sand declared that its board has authorized a share buyback program on Thursday, February 26th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 8.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its stake in Smart Sand by 625.9% during the 3rd quarter. GSA Capital Partners LLP now owns 115,637 shares of the company’s stock valued at $247,000 after acquiring an additional 99,706 shares during the last quarter. Ritholtz Wealth Management boosted its stake in Smart Sand by 156.8% during the 4th quarter. Ritholtz Wealth Management now owns 207,723 shares of the company’s stock valued at $831,000 after acquiring an additional 126,848 shares during the last quarter. State Street Corp boosted its stake in Smart Sand by 6.7% during the 4th quarter. State Street Corp now owns 161,597 shares of the company’s stock valued at $646,000 after acquiring an additional 10,200 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Smart Sand by 555.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 175,053 shares of the company’s stock valued at $700,000 after acquiring an additional 148,346 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Smart Sand by 19.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 384,416 shares of the company’s stock valued at $773,000 after acquiring an additional 61,473 shares during the last quarter. 35.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Smart Sand from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings raised shares of Smart Sand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

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.