Smart Sand (NASDAQ:SND) Director Sells $290,250.00 in Stock

Smart Sand (NASDAQ:SND) Director Francis Michael Porcelli sold 75,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $3.87, for a total transaction of $290,250.00. Following the completion of the transaction, the director owned 744,060 shares in the company, valued at $2,879,512.20. This represents a 9.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Francis Michael Porcelli also recently made the following trade(s):

• On Monday, March 9th, Francis Michael Porcelli sold 50,000 shares of Smart Sand stock. The stock was sold at an average price of $3.78, for a total transaction of $189,000.00.
• On Thursday, March 5th, Francis Michael Porcelli sold 150,000 shares of Smart Sand stock. The stock was sold at an average price of $4.02, for a total transaction of $603,000.00.
• On Wednesday, March 4th, Francis Michael Porcelli sold 100,000 shares of Smart Sand stock. The shares were sold at an average price of $4.03, for a total transaction of $403,000.00.

Smart Sand Trading Up 0.3%

NASDAQ SND opened at $3.71 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.76 and a quick ratio of 1.14. The firm’s fifty day moving average price is $4.49 and its 200 day moving average price is $3.26. The company has a market capitalization of $161.53 million, a price-to-earnings ratio of 123.67 and a beta of 0.27. Smart Sand has a 12 month low of $1.76 and a 12 month high of $5.59.

Smart Sand (NASDAQ:SND) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.06. Smart Sand had a net margin of 0.41% and a negative return on equity of 8.67%. The firm had revenue of $86.05 million during the quarter, compared to analysts’ expectations of $60.00 million. On average, sell-side analysts expect that Smart Sand will post 0.07 earnings per share for the current fiscal year.

Smart Sand announced that its board has approved a share buyback program on Thursday, February 26th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 8.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Smart Sand

Hedge funds have recently made changes to their positions in the business. Gendell Jeffrey L grew its holdings in shares of Smart Sand by 16.0% during the fourth quarter. Gendell Jeffrey L now owns 3,126,915 shares of the company’s stock worth $12,508,000 after buying an additional 430,507 shares during the last quarter. Marshall Wace LLP purchased a new stake in Smart Sand during the 4th quarter valued at approximately $1,539,000. Informed Momentum Co LLC acquired a new stake in Smart Sand during the 4th quarter worth approximately $961,000. Truffle Hound Capital LLC acquired a new stake in Smart Sand during the 4th quarter worth approximately $880,000. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of Smart Sand by 97.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 309,952 shares of the company’s stock valued at $1,240,000 after purchasing an additional 153,238 shares during the last quarter. Institutional investors and hedge funds own 35.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Smart Sand in a research note on Monday, December 29th. Wall Street Zen cut Smart Sand from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

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.