Smart Sand (NASDAQ:SND - Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 207,700 shares, anincreaseof42.7% from the July 31st total of 145,600 shares. Based on an average daily volume of 94,500 shares, the short-interest ratio is currently 2.2 days. Approximately0.7% of the shares of the company are short sold. Approximately0.7% of the shares of the company are short sold. Based on an average daily volume of 94,500 shares, the short-interest ratio is currently 2.2 days.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Smart Sand from a "hold" rating to a "buy" rating in a report on Saturday, August 16th.
Read Our Latest Analysis on Smart Sand
Smart Sand Price Performance
Shares of Smart Sand stock opened at $1.95 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $84.94 million, a price-to-earnings ratio of 195.00 and a beta of 0.78. Smart Sand has a 1-year low of $1.76 and a 1-year high of $2.80. The firm's 50-day moving average price is $1.96 and its two-hundred day moving average price is $2.05.
Smart Sand (NASDAQ:SND - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. Smart Sand had a net margin of 0.26% and a negative return on equity of 8.83%. The firm had revenue of $85.77 million for the quarter, compared to analysts' expectations of $60.00 million. On average, equities analysts predict that Smart Sand will post 0.07 earnings per share for the current fiscal year.
Smart Sand Announces Dividend
The business also recently announced a special dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 4th.
Insiders Place Their Bets
In related news, CEO Charles Edwin Young purchased 20,000 shares of Smart Sand stock in a transaction on Friday, September 5th. The stock was purchased at an average cost of $1.91 per share, with a total value of $38,200.00. Following the acquisition, the chief executive officer directly owned 1,477,628 shares in the company, valued at approximately $2,822,269.48. This trade represents a 1.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have acquired 39,031 shares of company stock valued at $74,421. 32.30% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Smart Sand
A number of institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new stake in shares of Smart Sand during the 1st quarter worth approximately $26,000. Jane Street Group LLC acquired a new stake in shares of Smart Sand during the 4th quarter worth approximately $41,000. Bailard Inc. acquired a new stake in shares of Smart Sand during the 2nd quarter worth approximately $50,000. Sei Investments Co. acquired a new stake in shares of Smart Sand during the 2nd quarter worth approximately $82,000. Finally, Millennium Management LLC acquired a new stake in shares of Smart Sand during the 4th quarter worth approximately $117,000. 35.21% of the stock is owned by institutional investors.
About Smart Sand
(
Get Free Report)
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.
Further Reading
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