Smart Sand (NASDAQ:SND) Insider Ronald Whelan Purchases 4,444 Shares

Smart Sand (NASDAQ:SND) insider Ronald Whelan bought 4,444 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average price of $4.50 per share, with a total value of $19,998.00. Following the acquisition, the insider directly owned 472,941 shares in the company, valued at $2,128,234.50. The trade was a 0.95% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Smart Sand Trading Up 11.2%

NASDAQ:SND traded up $0.48 during trading hours on Monday, reaching $4.77. 488,332 shares of the stock were exchanged, compared to its average volume of 360,644. Smart Sand has a twelve month low of $1.76 and a twelve month high of $5.84. The business has a 50-day moving average of $4.96 and a two-hundred day moving average of $4.35. The company has a market capitalization of $205.06 million, a price-to-earnings ratio of 8.67 and a beta of 0.33. The company has a quick ratio of 1.05, a current ratio of 1.66 and a debt-to-equity ratio of 0.04.

Smart Sand (NASDAQ:SND) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $93.11 million during the quarter.

Smart Sand Announces Dividend

The company also recently announced a special dividend, which was paid on Tuesday, May 5th. Shareholders of record on Wednesday, April 22nd were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd.

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

Institutional Trading of Smart Sand

Institutional investors have recently modified their holdings of the stock. LPL Financial LLC boosted its holdings in shares of Smart Sand by 36.7% in the 4th quarter. LPL Financial LLC now owns 14,900 shares of the company’s stock valued at $60,000 after buying an additional 4,000 shares in the last quarter. Geode Capital Management LLC grew its stake in Smart Sand by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 444,089 shares of the company’s stock worth $893,000 after buying an additional 6,551 shares during the last quarter. Kathmere Capital Management LLC grew its stake in Smart Sand by 43.6% during the 1st quarter. Kathmere Capital Management LLC now owns 27,743 shares of the company’s stock worth $142,000 after buying an additional 8,422 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in Smart Sand during the first quarter worth approximately $26,000. Finally, State Street Corp increased its position 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. Hedge funds and other institutional investors own 35.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SND. Weiss Ratings raised shares of Smart Sand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Wall Street Zen raised Smart Sand from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Smart Sand currently 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.