Smart Sand (NASDAQ:SND) Rating Increased to Strong-Buy at Wall Street Zen

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

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Smart Sand in a research report on Monday, December 15th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Smart Sand Price Performance

NASDAQ:SND opened at $3.39 on Friday. The firm’s fifty day moving average is $2.79 and its two-hundred day moving average is $2.28. The firm has a market cap of $147.60 million, a price-to-earnings ratio of 37.67 and a beta of 0.38. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.70. Smart Sand has a one year low of $1.76 and a one year high of $4.51.

Smart Sand (NASDAQ:SND) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.11. The business had revenue of $0.09 million during the quarter, compared to analyst estimates of $60.00 million. Smart Sand had a negative return on equity of 7.55% and a net margin of 1.16%. Research analysts expect that Smart Sand will post 0.07 EPS for the current year.

Smart Sand Dividend Announcement

The firm also recently declared a special dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd were paid a $0.05 dividend. The ex-dividend date was Tuesday, December 2nd.

Institutional Trading of Smart Sand

Several institutional investors have recently bought and sold shares of SND. Gendell Jeffrey L increased its position in shares of Smart Sand by 18.1% in the second quarter. Gendell Jeffrey L now owns 2,039,861 shares of the company’s stock valued at $4,100,000 after buying an additional 312,789 shares in the last quarter. Acadian Asset Management LLC grew its stake in Smart Sand by 16.0% in the 1st quarter. Acadian Asset Management LLC now owns 824,744 shares of the company’s stock valued at $2,132,000 after acquiring an additional 113,612 shares during the period. JB Capital Partners LP increased its holdings in Smart Sand by 31.4% in the 3rd quarter. JB Capital Partners LP now owns 460,000 shares of the company’s stock worth $984,000 after acquiring an additional 110,000 shares in the last quarter. GSA Capital Partners LLP raised its position in Smart Sand by 625.9% during the third quarter. GSA Capital Partners LLP now owns 115,637 shares of the company’s stock worth $247,000 after acquiring an additional 99,706 shares during the period. Finally, Jane Street Group LLC raised its position in Smart Sand by 348.8% during the first 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 during the period. 35.21% of the stock is owned by institutional investors and hedge funds.

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.