Smart Sand (NASDAQ:SND) Releases Earnings Results

Smart Sand (NASDAQ:SND) posted its quarterly earnings results on Tuesday. The company reported $0.25 EPS for the quarter, Zacks reports. The firm had revenue of $115.05 million for the quarter. Smart Sand had a net margin of 2.71% and a return on equity of 4.41%.

Smart Sand Stock Up 1.5%

Shares of Smart Sand stock traded up $0.07 during trading on Thursday, hitting $5.04. The company’s stock had a trading volume of 107,130 shares, compared to its average volume of 379,941. Smart Sand has a 52 week low of $1.84 and a 52 week high of $5.92. The company has a market capitalization of $216.45 million, a PE ratio of 19.37 and a beta of 0.30. The company has a fifty day simple moving average of $4.81 and a two-hundred day simple moving average of $4.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.66.

Smart Sand Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, July 28th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, July 28th.

Analysts Set New Price Targets

SND has been the subject of several recent research reports. Wall Street Zen raised Smart Sand from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings reissued a “hold (c)” rating on shares of Smart Sand in a research report on Monday, July 20th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Institutional Investors Weigh In On Smart Sand

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new stake in Smart Sand during the 1st quarter valued at $26,000. Squarepoint Ops LLC bought a new stake in shares of Smart Sand in the fourth quarter worth approximately $57,000. Balyasny Asset Management L.P. purchased a new position in Smart Sand during the fourth quarter valued at $59,000. LPL Financial LLC increased its holdings in Smart Sand by 36.7% in the 4th 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 last quarter. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Smart Sand in the 4th quarter worth approximately $71,000. 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.