Insider Selling: Smart Sand (NASDAQ:SND) Director Sells 100,000 Shares of Stock

Smart Sand (NASDAQ:SND) Director Francis Michael Porcelli sold 100,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $4.03, for a total value of $403,000.00. Following the transaction, the director directly owned 1,019,060 shares of the company’s stock, valued at $4,106,811.80. The trade was a 8.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, March 5th, Francis Michael Porcelli sold 150,000 shares of Smart Sand stock. The shares were sold at an average price of $4.02, for a total value of $603,000.00.

Smart Sand Price Performance

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

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

Smart Sand declared that its board has authorized a share repurchase plan on Thursday, February 26th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the company to reacquire up to 8.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Smart Sand

Hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC grew its holdings in shares of 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 purchasing an additional 4,000 shares during the period. Geode Capital Management LLC raised its holdings in Smart Sand by 1.5% in the second quarter. Geode Capital Management LLC now owns 444,089 shares of the company’s stock valued at $893,000 after buying an additional 6,551 shares during the period. Goldman Sachs Group Inc. acquired a new position in Smart Sand during the first quarter valued at approximately $26,000. State Street Corp grew its stake in Smart Sand by 6.7% during the fourth quarter. State Street Corp now owns 161,597 shares of the company’s stock worth $646,000 after buying an additional 10,200 shares during the period. Finally, First Eagle Investment Management LLC grew its stake in Smart Sand by 3.8% during the third quarter. First Eagle Investment Management LLC now owns 286,483 shares of the company’s stock worth $613,000 after buying an additional 10,444 shares during the period. 35.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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