Smart Sand (NASDAQ:SND) Issues Earnings Results

Smart Sand (NASDAQ:SND) posted its earnings results on Tuesday. The company reported $0.25 EPS for the quarter, Zacks reports. The business had revenue of $115.05 million during the quarter.

Smart Sand Stock Performance

SND traded up $0.38 during trading on Wednesday, hitting $5.03. The stock had a trading volume of 130,767 shares, compared to its average volume of 378,736. The firm has a market cap of $216.26 million, a PE ratio of 9.27 and a beta of 0.30. The company has a current ratio of 1.66, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. Smart Sand has a 12 month low of $1.82 and a 12 month high of $5.92. The company has a 50 day simple moving average of $4.81 and a 200-day simple moving average of $4.82.

Smart Sand Announces Dividend

The company also recently announced 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.

Institutional Investors Weigh In On Smart Sand

Hedge funds and other institutional investors have recently made changes to their positions in the business. Verdad Advisers LP acquired a new stake in Smart Sand in the 4th quarter valued at approximately $404,000. Millennium Management LLC acquired a new position in shares of Smart Sand during the fourth quarter worth approximately $135,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Smart Sand during the fourth quarter worth approximately $146,000. Walleye Capital LLC acquired a new stake in shares of Smart Sand in the fourth quarter worth $325,000. Finally, Hudson Bay Capital Management LP bought a new position in Smart Sand during the fourth quarter worth $173,000. 35.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SND has been the topic of several recent research reports. Wall Street Zen upgraded Smart Sand from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings reissued a “hold (c)” rating on shares of Smart Sand in a research note on Monday, July 20th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Smart Sand has an average 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.