Smart Sand (NASDAQ:SND) Insider Sells $56,477.96 in Stock

Smart Sand (NASDAQ:SND) insider James Douglas Young sold 11,669 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $4.84, for a total transaction of $56,477.96. Following the completion of the sale, the insider directly owned 344,958 shares of the company’s stock, valued at $1,669,596.72. The trade was a 3.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

James Douglas Young also recently made the following trade(s):

• On Tuesday, August 18th, James Douglas Young sold 16,301 shares of Smart Sand stock. The shares were sold at an average price of $4.93, for a total transaction of $80,363.93.

Smart Sand Stock Performance

Shares of SND stock opened at $4.85 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.11 and a current ratio of 1.69. Smart Sand has a one year low of $1.88 and a one year high of $5.92. The company’s 50-day simple moving average is $4.73 and its 200-day simple moving average is $4.83. The stock has a market capitalization of $205.64 million, a price-to-earnings ratio of 18.65 and a beta of 0.30.

Smart Sand (NASDAQ:SND) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.25 EPS for the quarter. The business had revenue of $115.05 million during the quarter. Smart Sand had a return on equity of 4.41% and a net margin of 2.71%.

Smart Sand Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, July 28th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, July 28th.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SND. Weiss Ratings upgraded Smart Sand from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. Wall Street Zen upgraded Smart Sand from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Smart Sand has an average rating of “Buy”.

Institutional Investors Weigh In On Smart Sand

A number of institutional investors have recently modified their holdings of SND. Goldman Sachs Group Inc. acquired a new stake in Smart Sand during the first quarter worth about $26,000. Squarepoint Ops LLC acquired a new position in Smart Sand in the fourth quarter valued at approximately $57,000. Balyasny Asset Management L.P. acquired a new position in Smart Sand in the fourth quarter valued at approximately $59,000. LPL Financial LLC boosted its stake in 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 acquiring an additional 4,000 shares during the period. Finally, Vise Technologies Inc. bought a new position in shares of Smart Sand during the second quarter valued at approximately $70,000. Institutional investors own 35.21% of the company’s stock.

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.