Smart Sand (NASDAQ:SND) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Smart Sand (NASDAQ:SND) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.74 and traded as high as $5.36. Smart Sand shares last traded at $5.27, with a volume of 259,863 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SND. Weiss Ratings raised shares of Smart Sand from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. Wall Street Zen raised shares of Smart Sand from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Smart Sand Price Performance

The company has a market capitalization of $220.26 million, a P/E ratio of 19.98 and a beta of 0.30. The firm’s fifty day moving average is $4.75 and its 200 day moving average is $4.84. 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 (NASDAQ:SND) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.25 earnings per share (EPS) for the quarter. Smart Sand had a net margin of 2.71% and a return on equity of 4.41%. The business had revenue of $115.05 million during the quarter.

Smart Sand Announces Dividend

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

Insider Activity at Smart Sand

In related news, CFO Lee E. Beckelman sold 50,000 shares of Smart Sand stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $4.79, for a total transaction of $239,500.00. Following the completion of the sale, the chief financial officer owned 721,845 shares in the company, valued at $3,457,637.55. This trade represents a 6.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Christopher M. Green sold 13,874 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $5.06, for a total transaction of $70,202.44. Following the completion of the sale, the vice president directly owned 34,293 shares of the company’s stock, valued at approximately $173,522.58. This trade represents a 28.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 91,844 shares of company stock worth $446,544 in the last quarter. 33.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Smart Sand

A number of hedge funds have recently made changes to their positions in SND. Goldman Sachs Group Inc. bought a new position in Smart Sand in the first quarter worth about $26,000. Empowered Funds LLC grew its position in shares of Smart Sand by 7.0% in the 1st quarter. Empowered Funds LLC now owns 161,480 shares of the company’s stock worth $418,000 after buying an additional 10,588 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Smart Sand by 348.8% during the 1st quarter. Jane Street Group LLC now owns 81,013 shares of the company’s stock worth $210,000 after acquiring an additional 62,961 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 acquiring an additional 6,551 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Smart Sand by 19.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 384,416 shares of the company’s stock worth $773,000 after acquiring an additional 61,473 shares in the last quarter. 35.21% of the stock is currently owned by hedge funds and other institutional investors.

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.