Smart Sand (NASDAQ:SND) Director Francis Michael Porcelli Sells 75,000 Shares of Stock

Smart Sand (NASDAQ:SND) Director Francis Michael Porcelli sold 75,000 shares of Smart Sand stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $3.87, for a total value of $290,250.00. Following the completion of the transaction, the director directly owned 744,060 shares in the company, valued at approximately $2,879,512.20. This represents a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, March 9th, Francis Michael Porcelli sold 50,000 shares of Smart Sand stock. The shares were sold at an average price of $3.78, for a total transaction of $189,000.00.
• On Thursday, March 5th, Francis Michael Porcelli sold 150,000 shares of Smart Sand stock. The stock was sold at an average price of $4.02, for a total transaction of $603,000.00.
• On Wednesday, March 4th, Francis Michael Porcelli sold 100,000 shares of Smart Sand stock. The stock was sold at an average price of $4.03, for a total transaction of $403,000.00.

Smart Sand Trading Up 0.8%

NASDAQ:SND opened at $3.84 on Wednesday. The firm’s fifty day moving average is $4.50 and its 200-day moving average is $3.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.14 and a current ratio of 1.76. Smart Sand has a 52 week low of $1.76 and a 52 week high of $5.59. The firm has a market cap of $167.19 million, a P/E ratio of 128.00 and a beta of 0.27.

Smart Sand (NASDAQ:SND) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.06. The company had revenue of $86.05 million during the quarter, compared to analysts’ expectations of $60.00 million. Smart Sand had a net margin of 0.41% and a negative return on equity of 8.67%. Equities analysts expect that Smart Sand will post 0.07 earnings per share for the current year.

Smart Sand announced that its Board of Directors has authorized a share buyback program on Thursday, February 26th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the company to purchase up to 8.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Smart Sand

A number of hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of Smart Sand by 36.7% during 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 period. Geode Capital Management LLC grew 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 valued at $893,000 after purchasing an additional 6,551 shares during the period. Goldman Sachs Group Inc. bought a new stake in Smart Sand during the 1st quarter valued at $26,000. State Street Corp raised its holdings 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 last quarter. Finally, First Eagle Investment Management LLC raised its holdings 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 last quarter. Institutional investors and hedge funds own 35.21% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on SND. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smart Sand in a research note on Monday, December 29th. Wall Street Zen cut Smart Sand from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock 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.