Smart Sand (NASDAQ:SND) Short Interest Down 29.4% in September

Key Points

• Smart Sand's short interest decreased by 29.4% in September, dropping from 148,400 shares to 104,700 shares.
• CEO Charles Edwin Young purchased 20,000 shares at an average price of $1.91 per share, increasing his ownership by 1.37%.
• The company recently announced a special dividend of $0.10 per share, applicable to investors of record as of August 4th.

Smart Sand (NASDAQ:SND - Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 104,700 shares, a decrease of 29.4% from the August 31st total of 148,400 shares. Based on an average daily volume of 90,700 shares, the short-interest ratio is presently 1.2 days. Currently, 0.4% of the company's shares are sold short. Currently, 0.4% of the company's shares are sold short. Based on an average daily volume of 90,700 shares, the short-interest ratio is presently 1.2 days.

Insider Activity

In related news, CEO Charles Edwin Young bought 20,000 shares of the company's stock in a transaction dated Friday, September 5th. The stock was purchased at an average price of $1.91 per share, for a total transaction of $38,200.00. Following the acquisition, the chief executive officer owned 1,477,628 shares in the company, valued at $2,822,269.48. This trade represents a 1.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders purchased 39,031 shares of company stock valued at $74,421. 32.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Smart Sand

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ritholtz Wealth Management raised its holdings in shares of Smart Sand by 30.5% in the first quarter. Ritholtz Wealth Management now owns 143,382 shares of the company's stock valued at $371,000 after acquiring an additional 33,506 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Smart Sand in the 4th quarter valued at about $117,000. Jane Street Group LLC purchased a new stake in shares of Smart Sand in the 4th quarter worth approximately $41,000. Goldman Sachs Group Inc. bought a new position in shares of Smart Sand during the first quarter valued at approximately $26,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Smart Sand by 16.0% during the first quarter. Acadian Asset Management LLC now owns 824,744 shares of the company's stock valued at $2,132,000 after purchasing an additional 113,612 shares in the last quarter. Institutional investors own 35.21% of the company's stock.

Smart Sand Stock Performance

SND stock opened at $2.13 on Monday. Smart Sand has a twelve month low of $1.76 and a twelve month high of $2.80. The firm has a market cap of $92.78 million, a price-to-earnings ratio of 213.00 and a beta of 0.78. The business's fifty day simple moving average is $1.98 and its two-hundred day simple moving average is $2.03. The company has a quick ratio of 1.22, a current ratio of 1.86 and a debt-to-equity ratio of 0.07.

Smart Sand (NASDAQ:SND - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.02. The firm had revenue of $85.77 million for the quarter, compared to analysts' expectations of $60.00 million. Smart Sand had a net margin of 0.26% and a negative return on equity of 8.83%. Analysts predict that Smart Sand will post 0.07 earnings per share for the current year.

Smart Sand Dividend Announcement

The company also recently declared a special dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 4th were issued a $0.10 dividend. The ex-dividend date was Monday, August 4th.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wall Street Zen raised shares of Smart Sand from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Weiss Ratings restated a "sell (d+)" rating on shares of Smart Sand in a report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Smart Sand has an average rating of "Sell".

Smart Sand Company Profile

Smart Sand, Inc, an integrated frac and industrial sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides proppant logistics services; and wellsite storage solutions through SmartSystems products and services.

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