Smart Sand (NASDAQ:SND) CFO Lee Beckelman Sells 50,000 Shares

Smart Sand (NASDAQ:SND) CFO Lee Beckelman sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $4.79, for a total value of $239,500.00. Following the completion of the transaction, the chief financial officer directly owned 721,845 shares in the company, valued at $3,457,637.55. The trade was a 6.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Smart Sand Price Performance

NASDAQ SND opened at $4.77 on Thursday. The company has a 50-day moving average price of $4.75 and a 200-day moving average price of $4.83. Smart Sand has a 52 week low of $1.88 and a 52 week high of $5.92. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $202.25 million, a P/E ratio of 18.35 and a beta of 0.30.

Smart Sand (NASDAQ:SND) last announced its earnings results 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 company had revenue of $115.05 million during the quarter.

Smart Sand Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, July 28th were given 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 research analysts recently issued reports on the company. Weiss Ratings upgraded Smart Sand from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. Wall Street Zen upgraded shares of Smart Sand from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Institutional Trading of Smart Sand

Hedge funds have recently modified their holdings of the company. Gendell Jeffrey L grew its holdings in shares of Smart Sand by 16.0% in the fourth quarter. Gendell Jeffrey L now owns 3,126,915 shares of the company’s stock valued at $12,508,000 after purchasing an additional 430,507 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Smart Sand in the 2nd quarter worth about $10,083,000. Arrowstreet Capital Limited Partnership raised its position in shares of Smart Sand by 59.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 798,823 shares of the company’s stock valued at $4,090,000 after buying an additional 298,017 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Smart Sand by 25.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 798,809 shares of the company’s stock valued at $4,090,000 after acquiring an additional 162,823 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of Smart Sand by 3.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 610,034 shares of the company’s stock valued at $2,440,000 after acquiring an additional 20,213 shares during the last quarter. 35.21% of the stock is owned by hedge funds and other institutional investors.

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.