Smart Sand (NASDAQ:SND) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Smart Sand (NASDAQ:SND) from a buy rating to a hold rating in a report released on Saturday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Smart Sand in a report on Monday, July 20th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Smart Sand Stock Performance

SND stock opened at $4.32 on Friday. Smart Sand has a 1-year low of $1.76 and a 1-year high of $5.92. The company has a current ratio of 1.66, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. The firm has a market cap of $185.72 million, a PE ratio of 7.85 and a beta of 0.30. The business’s 50-day moving average price is $4.84 and its two-hundred day moving average price is $4.79.

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

Smart Sand Announces Dividend

The company also recently declared a special dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Tuesday, July 28th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, July 28th.

Institutional Trading of Smart Sand

Hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC grew its stake in shares of Smart Sand by 36.7% in the fourth quarter. LPL Financial LLC now owns 14,900 shares of the company’s stock valued at $60,000 after buying an additional 4,000 shares in the last quarter. Geode Capital Management LLC raised its position 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 acquiring an additional 6,551 shares in the last quarter. Kathmere Capital Management LLC raised its position in Smart Sand by 43.6% during the first quarter. Kathmere Capital Management LLC now owns 27,743 shares of the company’s stock worth $142,000 after acquiring an additional 8,422 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in Smart Sand in the first quarter valued at $26,000. Finally, State Street Corp lifted its stake in Smart Sand by 6.7% in the fourth quarter. State Street Corp now owns 161,597 shares of the company’s stock valued at $646,000 after acquiring an additional 10,200 shares during the last quarter. 35.21% of the stock is currently owned by institutional investors and hedge funds.

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.