Smart Sand (NASDAQ:SND) Director Francis Michael Porcelli Sells 50,000 Shares

Smart Sand (NASDAQ:SND) Director Francis Michael Porcelli sold 50,000 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $3.78, for a total transaction of $189,000.00. Following the completion of the transaction, the director owned 819,060 shares in the company, valued at approximately $3,096,046.80. The trade was a 5.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, March 10th, Francis Michael Porcelli sold 75,000 shares of Smart Sand stock. The stock was sold at an average price of $3.87, for a total value of $290,250.00.
• 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 Trading Up 0.8%

Shares of Smart Sand stock traded up $0.03 on Tuesday, hitting $3.84. 348,039 shares of the company’s stock traded hands, compared to its average volume of 417,312. The company has a fifty day moving average of $4.50 and a two-hundred day moving average of $3.24. Smart Sand has a one year low of $1.76 and a one year high of $5.59. The company 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 current ratio of 1.76 and a quick ratio of 1.14.

Smart Sand (NASDAQ:SND) last issued its earnings results on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.06. Smart Sand had a negative return on equity of 8.67% and a net margin of 0.41%.The business had revenue of $86.05 million during the quarter, compared to the consensus estimate of $60.00 million. As a group, sell-side analysts expect that Smart Sand will post 0.07 earnings per share for the current year.

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

Institutional Investors Weigh In On Smart Sand

Several hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new position in shares of Smart Sand in the 1st quarter worth $26,000. Empowered Funds LLC grew its position in Smart Sand by 7.0% in the 1st quarter. Empowered Funds LLC now owns 161,480 shares of the company’s stock valued at $418,000 after purchasing an additional 10,588 shares during the period. Jane Street Group LLC increased its stake in Smart Sand by 348.8% during the 1st quarter. Jane Street Group LLC now owns 81,013 shares of the company’s stock valued at $210,000 after purchasing an additional 62,961 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Smart Sand by 7.4% during the second quarter. First Eagle Investment Management LLC now owns 276,039 shares of the company’s stock worth $555,000 after buying an additional 19,117 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Smart Sand by 1.5% during the second quarter. Geode Capital Management LLC now owns 444,089 shares of the company’s stock worth $893,000 after buying an additional 6,551 shares during the last quarter. Institutional investors own 35.21% of the company’s stock.

Wall Street Analyst Weigh In

SND has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Smart Sand in a research report on Monday, December 29th. Wall Street Zen cut shares of Smart Sand from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus 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.