Smart Sand (NASDAQ:SND) Posts Quarterly 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 had a negative return on equity of 8.67% and a net margin of 0.41%.

Smart Sand Stock Performance

Shares of SND stock traded up $0.28 during midday trading on Tuesday, hitting $5.18. The company had a trading volume of 284,668 shares, compared to its average volume of 369,113. The company’s 50 day simple moving average is $4.75 and its 200 day simple moving average is $4.09. Smart Sand has a 52-week low of $1.76 and a 52-week high of $5.84. The stock has a market cap of $222.69 million, a price-to-earnings ratio of 172.67 and a beta of 0.41. 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 Announces Dividend

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

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

Analyst Ratings Changes

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

Insider Buying and Selling at Smart Sand

In other Smart Sand news, Director Francis Michael Porcelli sold 150,000 shares of Smart Sand stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $4.02, for a total value of $603,000.00. Following the transaction, the director directly owned 869,060 shares in the company, valued at approximately $3,493,621.20. This trade represents a 14.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 375,000 shares of company stock valued at $1,485,250. Company insiders own 32.30% of the company’s stock.

Hedge Funds Weigh In On Smart Sand

Large investors have recently bought and sold shares of the company. LPL Financial LLC raised its stake in shares of Smart Sand by 36.7% during the 4th quarter. LPL Financial LLC now owns 14,900 shares of the company’s stock worth $60,000 after buying an additional 4,000 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Smart Sand by 1.5% during the 2nd 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 in the last quarter. Kathmere Capital Management LLC raised its stake in shares of Smart Sand by 43.6% during the 1st quarter. Kathmere Capital Management LLC now owns 27,743 shares of the company’s stock worth $142,000 after buying an additional 8,422 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Smart Sand during the 1st quarter worth approximately $26,000. Finally, State Street Corp raised its stake in shares of Smart Sand by 6.7% during the 4th quarter. State Street Corp now owns 161,597 shares of the company’s stock worth $646,000 after buying an additional 10,200 shares in the last quarter. Hedge funds and other institutional investors own 35.21% of the company’s stock.

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.