Insider Selling: Smart Sand (NASDAQ:SND) Director Sells 150,000 Shares of Stock

Smart Sand (NASDAQ:SND) Director Francis Michael Porcelli sold 150,000 shares of Smart Sand stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $4.02, for a total value of $603,000.00. Following the completion of the transaction, the director owned 869,060 shares of the company’s stock, valued at $3,493,621.20. The trade was a 14.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Francis Michael Porcelli also recently made the following trade(s):

• On Wednesday, March 4th, Francis Michael Porcelli sold 100,000 shares of Smart Sand stock. The shares were sold at an average price of $4.03, for a total transaction of $403,000.00.

Smart Sand Stock Up 0.5%

Shares of SND traded up $0.02 during midday trading on Thursday, reaching $4.10. The stock had a trading volume of 659,746 shares, compared to its average volume of 418,185. The company has a market cap of $178.51 million, a price-to-earnings ratio of 136.67 and a beta of 0.27. The company’s fifty day simple moving average is $4.49 and its two-hundred day simple moving average is $3.19. Smart Sand has a 1-year low of $1.76 and a 1-year high of $5.59. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.76 and a quick ratio of 1.14.

Smart Sand (NASDAQ:SND) last posted its earnings results on Thursday, February 26th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.06. Smart Sand had a negative return on equity of 8.67% and a net margin of 0.41%.The firm had revenue of $86.05 million for the quarter, compared to analyst estimates of $60.00 million. Equities research analysts expect that Smart Sand will post 0.07 earnings per share for the current year.

Smart Sand announced that its board has authorized a stock repurchase program on Thursday, February 26th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the company to reacquire up to 8.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

SND has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Smart Sand from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Smart Sand in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in shares of Smart Sand by 36.7% during the fourth quarter. LPL Financial LLC now owns 14,900 shares of the company’s stock worth $60,000 after purchasing an additional 4,000 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Smart Sand by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 444,089 shares of the company’s stock worth $893,000 after purchasing an additional 6,551 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Smart Sand in the first quarter worth $26,000. State Street Corp lifted its stake in shares of Smart Sand by 6.7% during the fourth quarter. State Street Corp now owns 161,597 shares of the company’s stock worth $646,000 after purchasing an additional 10,200 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in Smart Sand by 3.8% in the 3rd quarter. First Eagle Investment Management LLC now owns 286,483 shares of the company’s stock worth $613,000 after acquiring an additional 10,444 shares during the period. 35.21% of the stock is currently owned by hedge funds and other institutional investors.

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.