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

Smart Sand (NASDAQ:SND) CFO Lee Beckelman sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were 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 of the company’s stock, 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 document filed with the SEC, which is available through the SEC website.

Smart Sand Stock Performance

Shares of NASDAQ SND opened at $4.85 on Friday. The company has a market capitalization of $205.64 million, a PE ratio of 18.65 and a beta of 0.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.11 and a current ratio of 1.69. The company’s fifty day moving average price is $4.74 and its 200 day moving average price is $4.83. Smart Sand has a 1 year low of $1.88 and a 1 year high of $5.92.

Smart Sand (NASDAQ:SND) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.25 EPS for the quarter. The company had revenue of $115.05 million for the quarter. Smart Sand had a return on equity of 4.41% and a net margin of 2.71%.

Smart Sand Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, July 28th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, July 28th.

Analyst Ratings Changes

Several research firms have recently commented on SND. Wall Street Zen upgraded Smart Sand from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Weiss Ratings upgraded shares of Smart Sand from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Smart Sand currently has a consensus rating of “Buy”.

Institutional Trading of Smart Sand

Several hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. purchased a new stake in shares of Smart Sand during the 1st quarter worth $26,000. Vise Technologies Inc. purchased a new position in Smart Sand in the second quarter valued at $70,000. Squarepoint Ops LLC acquired a new stake in Smart Sand in the fourth quarter valued at $57,000. Balyasny Asset Management L.P. acquired a new stake in Smart Sand in the fourth quarter valued at $59,000. Finally, LPL Financial LLC lifted its holdings in 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 buying an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 35.21% of the company’s stock.

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.