Smart Sand (NASDAQ:SND) Trading 2.1% Higher – Should You Buy?

Shares of Smart Sand (NASDAQ:SND) rose 2.1% on Tuesday . The stock traded as high as $4.81 and last traded at $4.76. 431,751 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 532,313 shares. The stock had previously closed at $4.66.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SND shares. Weiss Ratings upgraded shares of Smart Sand from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Wall Street Zen upgraded Smart Sand from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Smart Sand currently has a consensus rating of “Hold”.

Smart Sand Stock Performance

The company has a quick ratio of 1.05, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $204.63 million, a PE ratio of 8.65 and a beta of 0.27. The business has a 50 day simple moving average of $4.97 and a 200 day simple moving average of $4.68.

Smart Sand (NASDAQ:SND) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $93.11 million during the quarter.

Smart Sand Dividend Announcement

The company also recently announced a special dividend, which was paid on Tuesday, May 5th. Investors of record on Wednesday, April 22nd were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new position in Smart Sand in the 1st quarter worth approximately $26,000. Squarepoint Ops LLC purchased a new position in Smart Sand in the 4th quarter valued at about $57,000. Balyasny Asset Management L.P. purchased a new stake in shares of Smart Sand during the fourth quarter worth $59,000. LPL Financial LLC increased its holdings in shares of 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 purchasing an additional 4,000 shares during the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new position in Smart Sand during the fourth quarter worth about $71,000. 35.21% of the stock is owned by institutional investors and hedge funds.

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.