JB Capital Partners LP Makes New $2.25 Billion Investment in Smart Sand $SND

JB Capital Partners LP acquired a new position in Smart Sand (NASDAQ:SND) in the 2nd quarter, Holdings Channel reports. The firm acquired 460,000 shares of the company’s stock, valued at approximately $2,254,000,000.

Other hedge funds have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its position in Smart Sand by 59.5% during 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 during the period. Dimensional Fund Advisors LP grew its stake in shares of Smart Sand by 25.6% in the first quarter. Dimensional Fund Advisors LP now owns 798,809 shares of the company’s stock valued at $4,090,000 after buying an additional 162,823 shares in the last quarter. Sei Investments Co. boosted its holdings in Smart Sand by 78.5% in the 1st quarter. Sei Investments Co. now owns 332,535 shares of the company’s stock worth $1,703,000 after acquiring an additional 146,201 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Smart Sand during the second quarter valued at approximately $659,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Smart Sand during the first quarter valued at approximately $170,000. Hedge funds and other institutional investors own 35.21% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity at Smart Sand

In other Smart Sand news, insider James Douglas Young sold 16,301 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $4.93, for a total value of $80,363.93. Following the sale, the insider directly owned 356,627 shares of the company’s stock, valued at $1,758,171.11. This trade represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Lee E. Beckelman sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $4.79, for a total transaction of $239,500.00. Following the transaction, the chief financial officer directly owned 721,845 shares of the company’s stock, valued at approximately $3,457,637.55. This trade represents a 6.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 91,844 shares of company stock worth $446,544 in the last 90 days. 33.50% of the stock is currently owned by company insiders.

Smart Sand Price Performance

Shares of NASDAQ:SND opened at $4.85 on Friday. The company’s fifty day moving average is $4.73 and its two-hundred day moving average is $4.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.11 and a current ratio of 1.69. Smart Sand has a 1-year low of $1.88 and a 1-year high of $5.92. The stock has a market capitalization of $205.64 million, a price-to-earnings ratio of 18.65 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 for the quarter. Smart Sand had a net margin of 2.71% and a return on equity of 4.41%. The business had revenue of $115.05 million during the quarter.

Smart Sand Announces Dividend

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

Smart Sand 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.