Smart Sand (NASDAQ:SND) VP Sells $70,202.44 in Stock

Smart Sand (NASDAQ:SND) VP Christopher Green sold 13,874 shares of Smart Sand stock in a transaction on Friday, August 14th. The shares were sold at an average price of $5.06, for a total value of $70,202.44. Following the sale, the vice president directly owned 34,293 shares in the company, valued at $173,522.58. The trade was a 28.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Smart Sand Trading Down 4.0%

NASDAQ:SND opened at $4.77 on Thursday. The business has a fifty day moving average of $4.75 and a 200-day moving average of $4.83. The stock has a market cap of $202.25 million, a price-to-earnings ratio of 18.35 and a beta of 0.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.11 and a current ratio of 1.69. Smart Sand has a 1 year low of $1.88 and a 1 year high of $5.92.

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

Smart Sand Dividend Announcement

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

Institutional Investors Weigh In On Smart Sand

Large investors have recently made changes to their positions in the company. Empowered Funds LLC acquired a new position in Smart Sand during the second quarter worth $1,282,000. Bank of America Corp DE acquired a new position in shares of Smart Sand during the second quarter worth approximately $734,000. Algert Global LLC increased its position in Smart Sand by 47.1% during the second quarter. Algert Global LLC now owns 71,745 shares of the company’s stock worth $359,000 after acquiring an additional 22,980 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Smart Sand during the second quarter worth $691,000. Finally, JB Capital Partners LP acquired a new position in Smart Sand during the 2nd quarter valued at $2,254,000,000. Institutional investors own 35.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SND shares. Wall Street Zen raised Smart Sand from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Weiss Ratings upgraded Smart Sand from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Smart Sand currently has a consensus rating of “Buy”.

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.