Smart Sand (NASDAQ:SND) CFO Sells $239,500.00 in Stock

by · The Markets Daily

Smart Sand (NASDAQ:SND – Get Free Report) CFO Lee Beckelman sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $4.79, for a total transaction of $239,500.00. Following the completion of the sale, the chief financial officer directly owned 721,845 shares in the company, valued at $3,457,637.55. This trade represents a 6.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Smart Sand Stock Performance

Shares of SND stock opened at $4.85 on Friday. The firm has a fifty day moving average of $4.73 and a 200-day moving average of $4.83. The stock has a market cap of $205.64 million, a price-to-earnings ratio of 18.65 and a beta of 0.30. Smart Sand has a 52-week low of $1.88 and a 52-week high of $5.92. 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 (NASDAQ:SND – Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.25 earnings per share for the quarter. Smart Sand had a net margin of 2.71% and a return on equity of 4.41%. The business had revenue of $115.05 million for the quarter.

Smart Sand Announces Dividend

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

Institutional Investors Weigh In On Smart Sand

A number of institutional investors and hedge funds have recently made changes to their positions in SND. Goldman Sachs Group Inc. acquired a new position in shares of Smart Sand during the first quarter valued at $26,000. Squarepoint Ops LLC acquired a new stake in Smart Sand in the fourth quarter worth about $57,000. Balyasny Asset Management L.P. bought a new stake in Smart Sand during the 4th quarter worth about $59,000. LPL Financial LLC raised its holdings in Smart Sand by 36.7% during the 4th quarter. LPL Financial LLC now owns 14,900 shares of the company’s stock worth $60,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Vise Technologies Inc. acquired a new position in Smart Sand during the 2nd quarter valued at about $70,000. Institutional investors own 35.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings raised Smart Sand from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. Wall Street Zen raised Smart Sand from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Smart Sand currently has an average rating of “Buy”.

View Our Latest Research Report on SND

Smart Sand Company Profile

(Get Free Report)

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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