Smart Sand (NASDAQ:SND - Get Free Report) announced a special dividend on Wednesday, July 23rd, RTT News reports. Shareholders of record on Monday, August 4th will be given a dividend of 0.10 per share on Thursday, August 14th. The ex-dividend date of this dividend is Monday, August 4th.
Smart Sand Trading Down 3.8%
SND stock traded down $0.08 during trading hours on Friday, hitting $2.01. The company's stock had a trading volume of 66,195 shares, compared to its average volume of 63,711. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.75. Smart Sand has a 12 month low of $1.73 and a 12 month high of $2.80. The stock has a 50 day moving average price of $1.97 and a two-hundred day moving average price of $2.15.
Smart Sand (NASDAQ:SND - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.59). The firm had revenue of $65.56 million for the quarter, compared to the consensus estimate of $60.00 million. Smart Sand had a negative return on equity of 8.30% and a negative net margin of 7.15%. Analysts predict that Smart Sand will post 0.07 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded shares of Smart Sand from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd.
Read Our Latest Research Report on Smart Sand
Institutional Trading of Smart Sand
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC lifted its holdings in shares of Smart Sand by 348.8% during the 1st quarter. Jane Street Group LLC now owns 81,013 shares of the company's stock worth $210,000 after acquiring an additional 62,961 shares during the period. Empowered Funds LLC lifted its holdings in shares of Smart Sand by 7.0% during the 1st quarter. Empowered Funds LLC now owns 161,480 shares of the company's stock worth $418,000 after acquiring an additional 10,588 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in shares of Smart Sand during the 1st quarter worth about $26,000. 35.21% of the stock is currently owned by institutional investors and hedge funds.
Smart Sand Company Profile
(
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.
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