Smart Sand (NASDAQ:SND) CFO Lee Beckelman Sells 50,000 Shares

Key Points

• Smart Sand CFO Lee Beckelman sold 50,000 shares at an average price of $4.79, generating $239,500. His remaining stake fell 6.48% to 721,845 shares.
• Shares traded down $0.20 to $4.77, while the company reported quarterly EPS of $0.25 on revenue of $115.05 million and recently paid a special $0.10 dividend.
• Analyst sentiment improved, with Wall Street Zen and Weiss Ratings upgrading the stock to “Buy”; institutional investors own approximately 35.21% of Smart Sand.

Smart Sand (NASDAQ:SND - Get Free Report) CFO Lee Beckelman sold 50,000 shares of the company's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $4.79, for a total transaction of $239,500.00. Following the transaction, the chief financial officer owned 721,845 shares of the company's stock, valued at approximately $3,457,637.55. This represents a 6.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Smart Sand Price Performance

SND traded down $0.20 during trading on Wednesday, hitting $4.77. 327,782 shares of the company traded hands, 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. The company has a market cap of $202.25 million, a PE ratio of 18.35 and a beta of 0.30. The stock's 50-day simple moving average is $4.75 and its two-hundred day simple moving average is $4.83. Smart Sand has a 1 year low of $1.88 and a 1 year high of $5.92.

Smart Sand (NASDAQ:SND - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.25 EPS for the quarter. Smart Sand had a net margin of 2.71% and a return on equity of 4.41%. The business had revenue of $115.05 million for the quarter.

Smart Sand Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have issued reports on SND. Wall Street Zen raised Smart Sand from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. 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. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy".

Institutional Trading of Smart Sand

Several hedge funds and other institutional investors have recently bought and sold shares of SND. Empowered Funds LLC bought a new stake in Smart Sand in the second quarter worth $1,282,000. Bank of America Corp DE bought a new position in Smart Sand during the second quarter valued at $734,000. Algert Global LLC raised its stake in shares of Smart Sand by 47.1% in 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 period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Smart Sand in the second quarter valued at $691,000. Finally, JB Capital Partners LP bought a new stake in shares of Smart Sand in the 2nd quarter worth about $2,254,000,000. Hedge funds and other institutional investors own 35.21% of the company's stock.

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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