Insider Selling: Smart Sand (NASDAQ:SND) Director Sells $603,000.00 in Stock

Smart Sand (NASDAQ:SND) Director Francis Michael Porcelli sold 150,000 shares of Smart Sand stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $4.02, for a total value of $603,000.00. Following the completion of the sale, the director owned 869,060 shares in the company, valued at approximately $3,493,621.20. The trade was a 14.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, March 4th, Francis Michael Porcelli sold 100,000 shares of Smart Sand stock. The stock was sold at an average price of $4.03, for a total transaction of $403,000.00.

Smart Sand Price Performance

Shares of SND stock traded up $0.02 during trading hours on Thursday, reaching $4.10. The company had a trading volume of 659,746 shares, compared to its average volume of 418,185. Smart Sand has a 12-month low of $1.76 and a 12-month high of $5.59. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.14 and a current ratio of 1.76. The company has a market capitalization of $178.51 million, a price-to-earnings ratio of 136.67 and a beta of 0.27. The stock has a fifty day moving average of $4.49 and a 200-day moving average of $3.19.

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

Smart Sand announced that its board has initiated a stock buyback program on Thursday, February 26th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the company to purchase up to 8.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Smart Sand

Several hedge funds have recently bought and sold shares of SND. Goldman Sachs Group Inc. purchased a new position in Smart Sand during the 1st quarter valued at about $26,000. Bailard Inc. acquired a new position in shares of Smart Sand in the second quarter valued at approximately $50,000. Squarepoint Ops LLC purchased a new stake in Smart Sand during the 4th quarter worth approximately $57,000. Balyasny Asset Management L.P. purchased a new stake in Smart Sand during the 4th quarter worth approximately $59,000. Finally, LPL Financial LLC lifted its holdings in 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 in the last quarter. Institutional investors and hedge funds own 35.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Smart Sand in a report on Monday, December 29th. Wall Street Zen lowered Smart Sand from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus 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.