James Douglas Young Sells 16,301 Shares of Smart Sand (NASDAQ:SND) Stock

Key Points

• Smart Sand insider James Douglas Young sold 16,301 shares at an average price of $4.93, generating $80,363.93. He retained 356,627 shares, with the sale reducing his ownership by 4.37%.
• Smart Sand reported quarterly EPS of $0.25 on revenue of $115.05 million and recently paid a special dividend of $0.10 per share.
• Analyst sentiment was favorable: Weiss Ratings and Wall Street Zen upgraded the stock to “buy,” while institutional investors held 35.21% of the company’s shares.

Smart Sand (NASDAQ:SND - Get Free Report) insider James Douglas Young sold 16,301 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $4.93, for a total transaction of $80,363.93. Following the completion of the transaction, the insider directly owned 356,627 shares of the company's stock, valued at approximately $1,758,171.11. The trade was a 4.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

James Douglas Young also recently made the following trade(s):

• On Wednesday, August 19th, James Douglas Young sold 11,669 shares of Smart Sand stock. The stock was sold at an average price of $4.84, for a total transaction of $56,477.96.

Smart Sand Price Performance

Shares of Smart Sand stock traded down $0.20 during trading on Wednesday, hitting $4.77. The stock had a trading volume of 327,782 shares, compared to its average volume of 313,683. 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 12 month low of $1.88 and a 12 month high of $5.92. The firm has a market cap of $202.25 million, a price-to-earnings ratio of 18.35 and a beta of 0.30. The business's 50-day moving average is $4.75 and its 200 day moving average is $4.83.

Smart Sand (NASDAQ:SND - Get Free Report) last posted its quarterly earnings data 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 during 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 issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, July 28th.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Smart Sand

Several institutional investors have recently modified their holdings of SND. Empowered Funds LLC purchased a new position in shares of Smart Sand during the 2nd quarter valued at about $1,282,000. Bank of America Corp DE purchased a new stake in Smart Sand in the second quarter worth approximately $734,000. Algert Global LLC grew its position in Smart Sand by 47.1% during the second quarter. Algert Global LLC now owns 71,745 shares of the company's stock valued at $359,000 after acquiring an additional 22,980 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Smart Sand during the second quarter valued at approximately $691,000. Finally, JB Capital Partners LP purchased a new position in shares of Smart Sand during the second quarter worth approximately $2,254,000,000. 35.21% of the stock is currently owned by 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.

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