BlackRock Inc. Acquires New Shares in Smart Sand $SND

BlackRock Inc. purchased a new stake in shares of Smart Sand (NASDAQ:SND - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,012,494 shares of the company's stock, valued at approximately $10,083,000. BlackRock Inc. owned 4.68% of Smart Sand as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in Smart Sand by 59.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 798,823 shares of the company's stock valued at $4,090,000 after buying an additional 298,017 shares during the period. Dimensional Fund Advisors LP lifted its position in Smart Sand by 25.6% in the first 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 period. Sei Investments Co. boosted its stake in Smart Sand by 78.5% during the 1st quarter. Sei Investments Co. now owns 332,535 shares of the company's stock valued at $1,703,000 after purchasing an additional 146,201 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Smart Sand in the 2nd quarter worth $659,000. Finally, Walleye Capital LLC bought a new stake in shares of Smart Sand in the 2nd quarter worth $340,000. 35.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SND shares. Wall Street Zen upgraded shares of Smart Sand from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. Weiss Ratings upgraded Smart Sand from a "hold (c)" rating to a "buy (b-)" rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy".

Insider Transactions at Smart Sand

In other news, CFO Lee Beckelman sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $4.79, for a total value of $239,500.00. Following the completion of the sale, the chief financial officer directly owned 721,845 shares of the company's stock, valued at approximately $3,457,637.55. This represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher M. Green sold 13,874 shares of the company's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $5.06, for a total transaction of $70,202.44. Following the transaction, the vice president owned 34,293 shares of the company's stock, valued at approximately $173,522.58. The trade was a 28.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 91,844 shares of company stock worth $446,544 over the last three months. 33.50% of the stock is currently owned by insiders.

Smart Sand Stock Performance

NASDAQ:SND opened at $5.32 on Friday. The firm has a market capitalization of $225.56 million, a PE ratio of 20.46 and a beta of 0.36. The company has a current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 0.04. Smart Sand has a 1 year low of $1.88 and a 1 year high of $5.92. The firm's fifty day simple moving average is $4.78 and its 200 day simple moving average is $4.84.

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 company had revenue of $115.05 million for the quarter.

Smart Sand Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, July 28th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, July 28th.

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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