Smart Sand (NASDAQ:SND) Releases Earnings Results

Smart Sand (NASDAQ:SND) released its quarterly earnings data on Tuesday. The company reported ($0.10) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $93.11 million for the quarter.

Smart Sand Trading Up 4.2%

SND stock traded up $0.20 on Thursday, reaching $4.81. The company’s stock had a trading volume of 113,037 shares, compared to its average volume of 369,160. The business has a fifty day simple moving average of $4.75 and a two-hundred day simple moving average of $4.13. Smart Sand has a 12-month low of $1.76 and a 12-month high of $5.84. The firm has a market cap of $206.55 million, a PE ratio of 8.81 and a beta of 0.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.14 and a current ratio of 1.76.

Smart Sand Dividend Announcement

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

Insider Buying and Selling

In other Smart Sand news, Director Francis Michael Porcelli sold 150,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $4.02, for a total transaction of $603,000.00. Following the completion of the transaction, the director owned 869,060 shares of the company’s stock, valued at approximately $3,493,621.20. This trade represents a 14.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 375,000 shares of company stock worth $1,485,250 over the last ninety days. Company insiders own 34.00% of the company’s stock.

Hedge Funds Weigh In On Smart Sand

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP lifted its position in Smart Sand by 625.9% during the third quarter. GSA Capital Partners LLP now owns 115,637 shares of the company’s stock valued at $247,000 after buying an additional 99,706 shares during the period. Ritholtz Wealth Management lifted its position in Smart Sand by 156.8% during the fourth quarter. Ritholtz Wealth Management now owns 207,723 shares of the company’s stock valued at $831,000 after buying an additional 126,848 shares during the period. Walleye Capital LLC lifted its position in Smart Sand by 41.3% during the first quarter. Walleye Capital LLC now owns 114,691 shares of the company’s stock valued at $587,000 after buying an additional 33,498 shares during the period. Dimensional Fund Advisors LP lifted its position in Smart Sand by 25.6% during the first quarter. Dimensional Fund Advisors LP now owns 798,809 shares of the company’s stock valued at $4,090,000 after buying an additional 162,823 shares during the period. Finally, Quartz Partners LLC lifted its position in Smart Sand by 46.3% during the first quarter. Quartz Partners LLC now owns 42,077 shares of the company’s stock valued at $215,000 after buying an additional 13,308 shares during the period. Hedge funds and other institutional investors own 35.21% of the company’s stock.

Smart Sand announced that its Board of Directors has approved a share repurchase program on Thursday, February 26th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the company to buy up to 8.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have issued reports on SND shares. Wall Street Zen cut shares of Smart Sand from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings upgraded shares of Smart Sand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.