Smart Sand (NASDAQ:SND) Director Francis Michael Porcelli Sells 75,000 Shares

Smart Sand (NASDAQ:SND) Director Francis Michael Porcelli sold 75,000 shares of Smart Sand stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $3.87, for a total value of $290,250.00. Following the completion of the sale, the director directly owned 744,060 shares of the company’s stock, valued at $2,879,512.20. The trade was a 9.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Francis Michael Porcelli also recently made the following trade(s):

• On Monday, March 9th, Francis Michael Porcelli sold 50,000 shares of Smart Sand stock. The shares were sold at an average price of $3.78, for a total value of $189,000.00.
• On Thursday, March 5th, Francis Michael Porcelli sold 150,000 shares of Smart Sand stock. The stock was sold at an average price of $4.02, for a total value of $603,000.00.
• On Wednesday, March 4th, Francis Michael Porcelli sold 100,000 shares of Smart Sand stock. The shares were sold at an average price of $4.03, for a total value of $403,000.00.

Smart Sand Stock Performance

Shares of NASDAQ SND traded up $0.03 during midday trading on Tuesday, hitting $3.84. 348,039 shares of the company’s stock traded hands, compared to its average volume of 417,312. Smart Sand has a 1 year low of $1.76 and a 1 year high of $5.59. The stock has a market capitalization of $167.19 million, a price-to-earnings ratio of 128.00 and a beta of 0.27. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.14 and a current ratio of 1.76. The firm has a fifty day moving average of $4.50 and a 200 day moving average of $3.24.

Smart Sand (NASDAQ:SND) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.06. The firm had revenue of $86.05 million for the quarter, compared to analysts’ expectations of $60.00 million. Smart Sand had a net margin of 0.41% and a negative return on equity of 8.67%. On average, analysts forecast that Smart Sand will post 0.07 earnings per share for the current year.

Smart Sand declared that its board has authorized a stock buyback program on Thursday, February 26th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 8.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Smart Sand

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC increased its stake in shares of Smart Sand by 10.3% in the fourth quarter. Empowered Funds LLC now owns 216,416 shares of the company’s stock worth $866,000 after purchasing an additional 20,213 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Smart Sand during the 4th quarter valued at $94,000. Verdad Advisers LP bought a new position in Smart Sand in the 4th quarter worth $404,000. Occudo Quantitative Strategies LP bought a new position in Smart Sand in the 4th quarter worth $71,000. Finally, Millennium Management LLC purchased a new stake in Smart Sand in the 4th quarter worth $135,000. Institutional investors own 35.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SND shares. Wall Street Zen downgraded shares of Smart Sand from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Smart Sand in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock 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.