Smart Sand (NASDAQ:SND) Posts Earnings Results

Smart Sand (NASDAQ:SND) announced its quarterly earnings data on Wednesday. The company reported $0.08 earnings per share for the quarter, FiscalAI reports. The business had revenue of $0.09 million for the quarter. Smart Sand had a net margin of 0.26% and a negative return on equity of 8.83%.

Smart Sand Stock Performance

Smart Sand stock traded down $0.01 during midday trading on Wednesday, hitting $2.33. 173,096 shares of the company’s stock were exchanged, compared to its average volume of 128,646. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.22 and a current ratio of 1.86. The stock has a market cap of $101.27 million, a price-to-earnings ratio of 232.50 and a beta of 0.77. Smart Sand has a 12-month low of $1.76 and a 12-month high of $2.77. The firm’s 50 day simple moving average is $2.10 and its 200 day simple moving average is $2.02.

Insider Buying and Selling at Smart Sand

In related news, CEO Charles Edwin Young purchased 20,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were purchased at an average price of $1.91 per share, with a total value of $38,200.00. Following the completion of the acquisition, the chief executive officer directly owned 1,477,628 shares in the company, valued at $2,822,269.48. This represents a 1.37% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 39,031 shares of company stock worth $74,421 in the last three months. 32.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Smart Sand

A number of institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. purchased a new position in Smart Sand during the first quarter worth approximately $26,000. Acadian Asset Management LLC increased its holdings in shares of Smart Sand by 16.0% during the 1st quarter. Acadian Asset Management LLC now owns 824,744 shares of the company’s stock worth $2,132,000 after buying an additional 113,612 shares during the last quarter. Everstar Asset Management LLC purchased a new position in shares of Smart Sand in the 1st quarter worth $141,000. Geode Capital Management LLC boosted its holdings in Smart Sand by 1.5% in the second quarter. Geode Capital Management LLC now owns 444,089 shares of the company’s stock valued at $893,000 after acquiring an additional 6,551 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its position in Smart Sand by 2.6% during the second quarter. Bridgeway Capital Management LLC now owns 569,488 shares of the company’s stock valued at $1,145,000 after acquiring an additional 14,390 shares during the period. Hedge funds and other institutional investors own 35.21% of the company’s stock.

Wall Street Analysts Forecast Growth

SND has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Smart Sand from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smart Sand in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

About Smart Sand

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.