Smart Sand (NASDAQ:SND) VP Christopher Green Sells 13,874 Shares

Smart Sand (NASDAQ:SND) VP Christopher Green sold 13,874 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president owned 34,293 shares in the company, valued at approximately $173,522.58. This represents a 28.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Smart Sand Price Performance

Smart Sand stock opened at $4.91 on Tuesday. The business has a 50 day simple moving average of $4.77 and a 200 day simple moving average of $4.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.69 and a quick ratio of 1.11. The company has a market capitalization of $208.18 million, a PE ratio of 18.89 and a beta of 0.30. Smart Sand has a one year low of $1.88 and a one year high of $5.92.

Smart Sand (NASDAQ:SND) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.25 earnings per share for the quarter. Smart Sand had a return on equity of 4.41% and a net margin of 2.71%.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. Stockholders of record on Tuesday, July 28th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, July 28th.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Smart Sand

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new stake in Smart Sand in the 1st quarter valued at about $26,000. Squarepoint Ops LLC acquired a new position in shares of Smart Sand during the fourth quarter worth approximately $57,000. Balyasny Asset Management L.P. bought a new stake in shares of Smart Sand during the fourth quarter valued at approximately $59,000. LPL Financial LLC grew its stake in shares of Smart Sand by 36.7% during the fourth quarter. LPL Financial LLC now owns 14,900 shares of the company’s stock valued at $60,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Vise Technologies Inc. acquired a new stake in shares of Smart Sand in the second quarter valued at approximately $70,000. Institutional investors own 35.21% of the company’s stock.

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.