Smart Sand (NASDAQ:SND) VP Christopher Green Sells 13,874 Shares of Stock

Key Points

• Smart Sand VP Christopher Green sold 13,874 shares at an average price of $5.06, generating approximately $70,202. Following the sale, his direct holdings fell 28.8% to 34,293 shares.
• Smart Sand shares declined 3.7% to $4.91 during Monday trading. The company reported quarterly EPS of $0.25 on $115.05 million in revenue and recently paid a special $0.10-per-share dividend.
• Analyst sentiment improved, with Wall Street Zen and Weiss Ratings upgrading the stock to “Buy.” Institutional investors own 35.21% of Smart Sand, with several firms increasing their positions.

Smart Sand (NASDAQ:SND - Get Free Report) VP Christopher Green sold 13,874 shares of the firm's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $5.06, for a total value of $70,202.44. Following the completion of the sale, the vice president directly owned 34,293 shares of the company's stock, valued at approximately $173,522.58. This represents a 28.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Smart Sand Stock Down 3.7%

Shares of SND traded down $0.19 during mid-day trading on Monday, hitting $4.91. 326,038 shares of the company traded hands, compared to its average volume of 381,201. Smart Sand has a 1-year low of $1.88 and a 1-year 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 capitalization of $208.18 million, a PE ratio of 18.89 and a beta of 0.30. The business has a 50 day moving average of $4.78 and a 200 day moving average of $4.82.

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

Smart Sand Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, July 28th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, July 28th.

Analyst Upgrades and Downgrades

SND has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Smart Sand from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Weiss Ratings raised Smart Sand from a "hold (c)" rating to a "buy (b-)" rating in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy".

Hedge Funds Weigh In On Smart Sand

A number of institutional investors have recently bought and sold shares of the business. LPL Financial LLC lifted its holdings in Smart Sand by 36.7% in the fourth quarter. LPL Financial LLC now owns 14,900 shares of the company's stock valued at $60,000 after acquiring an additional 4,000 shares during the period. Geode Capital Management LLC boosted its position in Smart Sand by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 444,089 shares of the company's stock worth $893,000 after purchasing an additional 6,551 shares in the last quarter. Kathmere Capital Management LLC grew its stake in shares of Smart Sand by 43.6% during the 1st quarter. Kathmere Capital Management LLC now owns 27,743 shares of the company's stock worth $142,000 after purchasing an additional 8,422 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Smart Sand during the 1st quarter worth approximately $26,000. Finally, State Street Corp increased its holdings in shares of Smart Sand by 6.7% during the 4th quarter. State Street Corp now owns 161,597 shares of the company's stock valued at $646,000 after purchasing an additional 10,200 shares in the last quarter. 35.21% of the stock is owned by hedge funds and other institutional investors.

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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