Smart Sand (NASDAQ:SND) Stock Passes Above 50-Day Moving Average - What's Next?

Key Points

• Smart Sand shares moved above their 50-day moving average, reaching $5.36 and last trading at $5.27 versus the $4.74 average. The stock has a market capitalization of approximately $223.5 million.
• Analyst sentiment improved, with Weiss Ratings and Wall Street Zen upgrading the stock to “buy”; MarketBeat reports a consensus “Buy” rating. Smart Sand also reported quarterly EPS of $0.25 on revenue of $115.05 million.
• The company paid a special $0.10-per-share dividend, while insiders sold 91,844 shares worth approximately $446,544 over the past 90 days. Institutional investors own 35.21% of the stock.

Smart Sand (NASDAQ:SND - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.74 and traded as high as $5.36. Smart Sand shares last traded at $5.27, with a volume of 259,863 shares trading hands.

Analyst Upgrades and Downgrades

SND has been the subject of several analyst reports. Weiss Ratings upgraded shares of Smart Sand from a "hold (c)" rating to a "buy (b-)" rating in a research report on Wednesday, August 12th. Wall Street Zen upgraded shares of Smart Sand from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy".

Smart Sand Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.11 and a current ratio of 1.69. The company has a 50-day moving average price of $4.74 and a 200-day moving average price of $4.84. The firm has a market capitalization of $223.45 million, a P/E ratio of 20.27 and a beta of 0.30.

Smart Sand (NASDAQ:SND - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.25 EPS for the quarter. Smart Sand had a return on equity of 4.41% and a net margin of 2.71%.The business had revenue of $115.05 million during 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 paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, July 28th.

Insider Activity at Smart Sand

In related news, VP Christopher M. Green sold 13,874 shares of Smart Sand stock in a transaction that occurred 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 $173,522.58. This trade represents a 28.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Douglas Young sold 11,669 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $4.84, for a total transaction of $56,477.96. Following the transaction, the insider owned 344,958 shares of the company's stock, valued at approximately $1,669,596.72. This represents a 3.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 91,844 shares of company stock worth $446,544 in the last ninety days. Company insiders own 33.50% of the company's stock.

Hedge Funds Weigh In On Smart Sand

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gendell Jeffrey L grew its holdings in shares of Smart Sand by 16.0% in the 4th quarter. Gendell Jeffrey L now owns 3,126,915 shares of the company's stock valued at $12,508,000 after buying an additional 430,507 shares during the period. BlackRock Inc. acquired a new stake in Smart Sand during the 2nd quarter worth $10,083,000. Arrowstreet Capital Limited Partnership raised 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 worth $4,090,000 after buying an additional 298,017 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Smart Sand by 25.6% during the first quarter. Dimensional Fund Advisors LP now owns 798,809 shares of the company's stock worth $4,090,000 after acquiring an additional 162,823 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in Smart Sand by 3.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 610,034 shares of the company's stock worth $2,440,000 after acquiring an additional 20,213 shares in the last quarter. 35.21% of the stock is 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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