Smart Sand (NASDAQ:SND) Insider James Douglas Young Sells 11,669 Shares of Stock

Key Points

• Insider sale: James Douglas Young sold 11,669 Smart Sand shares at an average price of $4.84, generating approximately $56,478. Following the transaction, he owned 344,958 shares, representing a 3.27% reduction in his holdings.
• Stock performance and results: Smart Sand shares fell 4.0% to $4.77, while the company reported quarterly EPS of $0.25 and revenue of $115.05 million. The company also paid a special dividend of $0.10 per share.
• Investor outlook: Institutional investors own 35.21% of Smart Sand, with several funds adding or initiating positions. Recent analyst coverage upgraded the stock to “Buy,” giving it a consensus Buy rating.

Smart Sand (NASDAQ:SND - Get Free Report) insider James Douglas Young sold 11,669 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $4.84, for a total transaction of $56,477.96. Following the sale, the insider directly owned 344,958 shares in the company, valued at $1,669,596.72. The trade was a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, August 18th, James Douglas Young sold 16,301 shares of Smart Sand stock. The stock was sold at an average price of $4.93, for a total transaction of $80,363.93.

Smart Sand Stock Down 4.0%

NASDAQ:SND traded down $0.20 on Wednesday, hitting $4.77. The stock had a trading volume of 327,782 shares, compared to its average volume of 313,683. The business's fifty day moving average is $4.75 and its 200 day moving average is $4.83. Smart Sand has a 52 week low of $1.88 and a 52 week high of $5.92. The company has a quick ratio of 1.11, a current ratio of 1.69 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.

Smart Sand (NASDAQ:SND - Get Free Report) last issued 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 firm had revenue of $115.05 million during the quarter.

Smart Sand Announces Dividend

The firm 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 of this dividend was Tuesday, July 28th.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

SND has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of 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 report on Sunday, August 9th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

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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