Ronald Whelan Acquires 4,444 Shares of Smart Sand (NASDAQ:SND) Stock

Smart Sand (NASDAQ:SND) insider Ronald Whelan acquired 4,444 shares of Smart Sand stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average cost of $4.50 per share, for a total transaction of $19,998.00. Following the purchase, the insider directly owned 472,941 shares of the company’s stock, valued at approximately $2,128,234.50. This trade represents a 0.95% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Smart Sand Stock Performance

Shares of SND opened at $4.91 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.66. The company has a market capitalization of $211.08 million, a price-to-earnings ratio of 8.93 and a beta of 0.32. The company’s 50 day simple moving average is $4.97 and its 200 day simple moving average is $4.37. Smart Sand has a 1 year low of $1.76 and a 1 year high of $5.84.

Smart Sand (NASDAQ:SND) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $93.11 million for the quarter.

Smart Sand Announces Dividend

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

Smart Sand declared that its board has authorized a share buyback program on Thursday, February 26th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 8.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SND. GSA Capital Partners LLP boosted its holdings in shares of Smart Sand by 625.9% in the 3rd 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% in the 4th quarter. Ritholtz Wealth Management now owns 207,723 shares of the company’s stock valued at $831,000 after purchasing an additional 126,848 shares during the last quarter. Kathmere Capital Management LLC bought a new stake in Smart Sand in the 4th quarter valued at about $77,000. CWA Asset Management Group LLC bought a new stake in shares of Smart Sand during the 4th quarter worth about $309,000. Finally, JB Capital Partners LP raised its position in shares of Smart Sand by 31.4% during the 3rd quarter. JB Capital Partners LP now owns 460,000 shares of the company’s stock worth $984,000 after buying an additional 110,000 shares in the last quarter. 35.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SND has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Smart Sand from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings raised shares of Smart Sand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About Smart Sand

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.