Smart Sand (NASDAQ:SND) Insider Sells 16,301 Shares of Stock

Smart Sand (NASDAQ:SND) insider James Douglas Young sold 16,301 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $4.93, for a total transaction of $80,363.93. Following the transaction, the insider directly owned 356,627 shares in the company, valued at approximately $1,758,171.11. This represents a 4.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

James Douglas Young also recently made the following trade(s):

• On Wednesday, August 19th, James Douglas Young sold 11,669 shares of Smart Sand stock. The stock was sold at an average price of $4.84, for a total transaction of $56,477.96.

Smart Sand Trading Down 4.0%

Smart Sand stock traded down $0.20 during mid-day trading on Wednesday, hitting $4.77. The company’s stock had a trading volume of 327,782 shares, compared to its average volume of 313,683. The business has a 50 day moving average price of $4.75 and a 200-day moving average price of $4.83. 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 has a 12 month low of $1.88 and a 12 month high of $5.92. The stock has a market cap of $202.25 million, a price-to-earnings ratio of 18.35 and a beta of 0.30.

Smart Sand (NASDAQ:SND) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $115.05 million for the quarter. Smart Sand had a return on equity of 4.41% and a net margin of 2.71%.

Smart Sand Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, July 28th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, July 28th.

Institutional Trading of Smart Sand

Institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. purchased a new position in Smart Sand during the 1st quarter valued at about $26,000. Empowered Funds LLC lifted its holdings in Smart Sand by 7.0% in the 1st quarter. Empowered Funds LLC now owns 161,480 shares of the company’s stock worth $418,000 after buying an additional 10,588 shares during the period. Jane Street Group LLC lifted its holdings in Smart Sand by 348.8% in the 1st quarter. Jane Street Group LLC now owns 81,013 shares of the company’s stock worth $210,000 after buying an additional 62,961 shares during the period. Geode Capital Management LLC grew its position in shares of Smart Sand by 1.5% in the 2nd 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 during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Smart Sand by 19.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 384,416 shares of the company’s stock worth $773,000 after buying an additional 61,473 shares during the last quarter. 35.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SND has been the topic of a number of analyst reports. Weiss Ratings raised Smart Sand from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. Wall Street Zen upgraded shares of Smart Sand from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Smart Sand currently has a consensus rating of “Buy”.

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.