Smart Sand (NASDAQ:SND) Issues Quarterly Earnings Results

Smart Sand (NASDAQ:SND) released its quarterly earnings results on Tuesday. The company reported $0.25 earnings per share for the quarter, Zacks reports.

Smart Sand Stock Up 1.6%

NASDAQ SND traded up $0.07 during mid-day trading on Tuesday, reaching $4.66. The stock had a trading volume of 109,010 shares, compared to its average volume of 380,079. The stock has a market cap of $200.46 million, a PE ratio of 8.48 and a beta of 0.30. Smart Sand has a 1 year low of $1.82 and a 1 year high of $5.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.05. The company has a fifty day moving average price of $4.81 and a 200 day moving average price of $4.81.

Smart Sand Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, August 12th. Investors of record on Tuesday, July 28th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, July 28th.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SND. Wall Street Zen upgraded shares of Smart Sand from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smart Sand in a research report on Monday, July 20th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Trading of Smart Sand

Institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC raised its stake in shares of Smart Sand by 36.7% in the fourth 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 last quarter. Geode Capital Management LLC raised its position in Smart Sand by 1.5% in 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. Goldman Sachs Group Inc. bought a new position in Smart Sand during the 1st quarter valued at about $26,000. State Street Corp lifted its stake in Smart Sand by 6.7% during the 4th quarter. State Street Corp now owns 161,597 shares of the company’s stock valued at $646,000 after acquiring an additional 10,200 shares during the period. Finally, Empowered Funds LLC boosted its holdings in shares of Smart Sand by 7.0% during the 1st quarter. Empowered Funds LLC now owns 161,480 shares of the company’s stock valued at $418,000 after acquiring an additional 10,588 shares during the last quarter. Institutional investors own 35.21% of the company’s stock.

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.