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

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new stake in Smart Sand during the first quarter worth about $26,000. Empowered Funds LLC lifted its holdings in shares of Smart Sand by 7.0% during the 1st quarter. Empowered Funds LLC now owns 161,480 shares of the company's stock worth $418,000 after acquiring an additional 10,588 shares during the period. Jane Street Group LLC increased its stake in shares of Smart Sand by 348.8% in the 1st quarter. Jane Street Group LLC now owns 81,013 shares of the company's stock valued at $210,000 after buying an additional 62,961 shares during the period. Geode Capital Management LLC increased its stake in 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Smart Sand by 19.0% during the second 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 Analysts Forecast Growth

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

Insider Buying and Selling

In other news, insider James Douglas Young sold 16,301 shares of the firm's stock in a transaction that occurred 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 completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher M. Green sold 13,874 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $5.06, for a total transaction of $70,202.44. Following the transaction, the vice president directly owned 34,293 shares of the company's stock, valued at $173,522.58. This represents a 28.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 91,844 shares of company stock valued at $446,544. 33.50% of the stock is owned by insiders.

Smart Sand Price Performance

SND stock traded up $0.10 during trading hours on Friday, hitting $5.14. 126,827 shares of the stock traded hands, compared to its average volume of 371,796. Smart Sand has a one year low of $1.88 and a one year high of $5.92. The stock has a 50-day simple moving average of $4.72 and a 200 day simple moving average of $4.83. The company has a market cap of $217.94 million, a P/E ratio of 19.77 and a beta of 0.30. 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 (NASDAQ:SND - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.25 earnings per share (EPS) for the quarter. Smart Sand had a net margin of 2.71% and a return on equity of 4.41%. The company had revenue of $115.05 million for the quarter.

Smart Sand Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, August 12th. Stockholders 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.