Smart Sand (NASDAQ:SND) Posts Earnings Results

Smart Sand (NASDAQ:SND) posted its quarterly earnings data on Tuesday. The company reported $0.25 EPS for the quarter, Zacks reports.

Smart Sand Trading Up 1.3%

Shares of SND stock traded up $0.06 during trading hours on Tuesday, hitting $4.65. 231,401 shares of the company were exchanged, compared to its average volume of 380,278. The firm has a fifty day moving average of $4.81 and a 200 day moving average of $4.81. The company has a quick ratio of 1.05, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. Smart Sand has a 1 year low of $1.82 and a 1 year high of $5.92. The firm has a market cap of $199.90 million, a PE ratio of 8.45 and a beta of 0.30.

Smart Sand Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Tuesday, July 28th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, July 28th.

Analyst Ratings Changes

SND has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Smart Sand from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings reiterated a “hold (c)” rating on shares of Smart Sand in a report on Monday, July 20th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Smart Sand currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Smart Sand

Several institutional investors and hedge funds have recently bought and sold shares of SND. Goldman Sachs Group Inc. acquired a new position in shares of Smart Sand in the 1st quarter valued at $26,000. Squarepoint Ops LLC purchased a new stake in shares of Smart Sand during the 4th quarter valued at $57,000. Balyasny Asset Management L.P. acquired a new stake in shares of Smart Sand during the 4th quarter worth $59,000. LPL Financial LLC increased its holdings 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 during the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Smart Sand in the 4th quarter worth $71,000. Institutional investors and hedge funds 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.