Smart Sand (NASDAQ:SND) Releases Quarterly Earnings Results

Key Points

• Smart Sand reported quarterly earnings of $0.25 per share.
• Shares rose $0.07 to $4.66 during Tuesday trading, with the stock trading well within its $1.82–$5.92 12-month range. Institutional investors own approximately 35.2% of the company.
• The company announced a $0.10-per-share special dividend, payable August 12 to shareholders of record as of July 28. Analyst sentiment remains mixed, with the average rating at “Hold,” although Wall Street Zen upgraded the stock to “Buy.”

Smart Sand (NASDAQ:SND - Get Free Report) issued its earnings results on Tuesday. The company reported $0.25 earnings per share for the quarter, Zacks reports.

Smart Sand Stock Performance

Shares of Smart Sand stock traded up $0.07 during trading hours on Tuesday, hitting $4.66. 109,010 shares of the company's stock traded hands, compared to its average volume of 380,079. Smart Sand has a 12-month low of $1.82 and a 12-month high of $5.92. The stock has a market capitalization of $200.46 million, a price-to-earnings ratio of 8.48 and a beta of 0.30. The company has a fifty day simple moving average of $4.81 and a 200-day simple moving average of $4.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.05.

Smart Sand Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Tuesday, July 28th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, July 28th.

Hedge Funds Weigh In On Smart Sand

Several institutional investors have recently added to or reduced their stakes in SND. Goldman Sachs Group Inc. bought a new stake in Smart Sand in the first quarter worth about $26,000. Squarepoint Ops LLC bought a new position in shares of Smart Sand during the 4th quarter valued at approximately $57,000. Balyasny Asset Management L.P. bought a new position in shares of Smart Sand during the 4th quarter valued at approximately $59,000. LPL Financial LLC grew its holdings in Smart Sand by 36.7% during the fourth quarter. LPL Financial LLC now owns 14,900 shares of the company's stock valued at $60,000 after purchasing an additional 4,000 shares during the period. Finally, Occudo Quantitative Strategies LP purchased a new stake in Smart Sand in the 4th quarter worth about $71,000. Institutional investors own 35.21% of the company's stock.

Wall Street Analyst Weigh In

A number of research 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Smart Sand in a research report on Monday, July 20th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Smart Sand has an average rating of "Hold".

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.

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