Smart Sand (NASDAQ:SND) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smart Sand in a research note on Monday, July 20th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Smart Sand Trading Up 1.3%

Shares of SND opened at $4.65 on Friday. Smart Sand has a twelve month low of $1.82 and a twelve month high of $5.92. The firm has a market capitalization of $199.88 million, a P/E ratio of 8.45 and a beta of 0.30. 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 stock’s fifty day simple moving average is $4.81 and its 200 day simple moving average is $4.82.

Smart Sand (NASDAQ:SND) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.25 earnings per share (EPS) for the quarter.

Smart Sand Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Tuesday, July 28th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, July 28th.

Hedge Funds Weigh In On Smart Sand

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new stake in Smart Sand in the 1st quarter valued at $26,000. Vise Technologies Inc. acquired a new position in shares of Smart Sand during the second quarter worth about $70,000. Squarepoint Ops LLC acquired a new position in shares of Smart Sand during the fourth quarter worth about $57,000. Balyasny Asset Management L.P. purchased a new stake in shares of Smart Sand in the fourth quarter worth about $59,000. Finally, LPL Financial LLC boosted its position 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 worth $60,000 after buying an additional 4,000 shares during the period. 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.