Round Rock Advisors LLC Makes New Investment in Smart Sand $SND

Round Rock Advisors LLC purchased a new position in shares of Smart Sand (NASDAQ:SND) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 162,334 shares of the company’s stock, valued at approximately $813,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. JB Capital Partners LP bought a new stake in Smart Sand in the second quarter worth $2,254,000. Arrowstreet Capital Limited Partnership increased its position in Smart Sand by 59.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 798,823 shares of the company’s stock worth $4,090,000 after buying an additional 298,017 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Smart Sand by 25.6% during the first quarter. Dimensional Fund Advisors LP now owns 798,809 shares of the company’s stock valued at $4,090,000 after buying an additional 162,823 shares in the last quarter. Sei Investments Co. raised its holdings in Smart Sand by 78.5% during the first quarter. Sei Investments Co. now owns 332,535 shares of the company’s stock valued at $1,703,000 after buying an additional 146,201 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Smart Sand in the second quarter worth about $659,000. Institutional investors own 35.21% of the company’s stock.

Smart Sand Price Performance

Shares of Smart Sand stock opened at $5.20 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $4.76 and a 200-day simple moving average of $4.84. The stock has a market capitalization of $220.48 million, a price-to-earnings ratio of 20.00 and a beta of 0.36. Smart Sand has a 1-year low of $1.88 and a 1-year high of $5.92.

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

Smart Sand Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, July 28th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, July 28th.

Analysts Set New Price Targets

Several analysts have recently issued reports on SND shares. Weiss Ratings upgraded Smart Sand from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. Wall Street Zen raised Smart Sand from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Smart Sand presently has an average rating of “Buy”.

Insider Buying and Selling at Smart Sand

In other news, insider James Douglas Young sold 11,669 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $4.84, for a total value of $56,477.96. Following the sale, the insider directly owned 344,958 shares of the company’s stock, valued at approximately $1,669,596.72. This trade represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Lee E. Beckelman sold 50,000 shares of Smart Sand stock in a transaction dated Wednesday, August 19th. The stock was 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 owned 721,845 shares in the company, valued at $3,457,637.55. The trade was a 6.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 91,844 shares of company stock worth $446,544 over the last ninety days. Company insiders own 33.50% 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.