JB Capital Partners LP Takes Position in Smart Sand $SND

Key Points

• JB Capital Partners LP acquired 460,000 Smart Sand shares during the second quarter, representing a 1.07% stake. Other institutional investors also increased or initiated positions, with institutions and hedge funds collectively owning 35.21% of the company.
• Smart Sand reported quarterly EPS of $0.25 on revenue of $115.05 million, with a 2.71% net margin and 4.41% return on equity. The company also paid a special dividend of $0.10 per share.
• The stock opened at $4.85, compared with a 52-week range of $1.88 to $5.92. Analysts recently upgraded the shares, and Smart Sand has a consensus “Buy” rating, although insiders have sold 91,844 shares over the past 90 days.

JB Capital Partners LP acquired a new stake in shares of Smart Sand (NASDAQ:SND - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 460,000 shares of the company's stock, valued at approximately $2,254,000,000. JB Capital Partners LP owned 1.07% of Smart Sand as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Smart Sand during the second quarter worth approximately $10,083,000. Gendell Jeffrey L lifted its stake in shares of Smart Sand by 16.0% during the 4th quarter. Gendell Jeffrey L now owns 3,126,915 shares of the company's stock worth $12,508,000 after purchasing an additional 430,507 shares during the period. Marshall Wace LLP purchased a new position in shares of Smart Sand during the 4th quarter worth $1,539,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of 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. Finally, Informed Momentum Co LLC acquired a new stake in shares of Smart Sand during the fourth quarter worth $961,000. Institutional investors and hedge funds own 35.21% of the company's stock.

Smart Sand Price Performance

SND opened at $4.85 on Friday. Smart Sand has a 1 year low of $1.88 and a 1 year high of $5.92. The company's 50 day simple moving average is $4.73 and its 200 day simple moving average is $4.83. The stock has a market capitalization of $205.64 million, a PE ratio of 18.65 and a beta of 0.30. 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 (NASDAQ:SND - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.25 EPS for the quarter. The firm had revenue of $115.05 million during the quarter. Smart Sand had a net margin of 2.71% and a return on equity of 4.41%.

Smart Sand Dividend Announcement

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

Insider Buying and Selling

In other Smart Sand news, VP Christopher M. Green sold 13,874 shares of the business's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $5.06, for a total transaction of $70,202.44. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Douglas Young sold 16,301 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were 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 approximately $1,758,171.11. This trade represents a 4.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 91,844 shares of company stock valued at $446,544. 33.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SND has been the subject of a number of recent analyst reports. Wall Street Zen raised 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 research report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source