Smart Sand (NASDAQ:SND) Insider James Douglas Young Sells 11,669 Shares

Smart Sand (NASDAQ:SND) insider James Douglas Young sold 11,669 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $4.84, for a total transaction of $56,477.96. Following the completion of the sale, the insider directly owned 344,958 shares of the company’s stock, valued at approximately $1,669,596.72. This represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

James Douglas Young also recently made the following trade(s):

• On Tuesday, August 18th, James Douglas Young sold 16,301 shares of Smart Sand stock. The stock was sold at an average price of $4.93, for a total value of $80,363.93.

Smart Sand Price Performance

Shares of NASDAQ SND opened at $4.77 on Thursday. Smart Sand has a twelve month low of $1.88 and a twelve month high of $5.92. 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 company has a market capitalization of $202.25 million, a price-to-earnings ratio of 18.35 and a beta of 0.30. The firm has a 50-day moving average of $4.75 and a two-hundred day moving average of $4.83.

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

Smart Sand Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new position in Smart Sand during the first quarter valued at about $26,000. Squarepoint Ops LLC acquired a new position in Smart Sand in the 4th quarter valued at approximately $57,000. Balyasny Asset Management L.P. bought a new stake in shares of Smart Sand in the 4th quarter worth approximately $59,000. LPL Financial LLC lifted its position in shares of Smart Sand by 36.7% in the 4th quarter. LPL Financial LLC now owns 14,900 shares of the company’s stock worth $60,000 after acquiring an additional 4,000 shares during the period. Finally, Vise Technologies Inc. acquired a new stake in shares of Smart Sand during the 2nd quarter worth approximately $70,000. Institutional investors own 35.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports 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 Smart Sand from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

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.