Smart Sand (NASDAQ:SND) Director Francis Michael Porcelli Sells 150,000 Shares

Smart Sand (NASDAQ:SND) Director Francis Michael Porcelli sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $4.02, for a total value of $603,000.00. Following the completion of the sale, the director owned 869,060 shares of the company’s stock, valued at $3,493,621.20. This trade represents a 14.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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 Price Performance

Shares of NASDAQ SND traded up $0.10 during mid-day trading on Friday, reaching $4.20. 133,598 shares of the company traded hands, compared to its average volume of 411,563. The stock has a fifty day simple moving average of $4.50 and a 200-day simple moving average of $3.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.76 and a quick ratio of 1.14. The firm has a market cap of $182.87 million, a PE ratio of 140.00 and a beta of 0.27. Smart Sand has a fifty-two week low of $1.76 and a fifty-two week high of $5.59.

Smart Sand (NASDAQ:SND) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.06. Smart Sand had a negative return on equity of 8.67% and a net margin of 0.41%.The business had revenue of $86.05 million for the quarter, compared to the consensus estimate of $60.00 million. Equities research analysts anticipate that Smart Sand will post 0.07 EPS for the current fiscal year.

Smart Sand declared that its board has approved a stock buyback plan on Thursday, February 26th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the company to purchase up to 8.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new position in shares of Smart Sand in the 1st quarter worth $26,000. Bailard Inc. purchased a new position in Smart Sand in the second quarter valued at about $50,000. Squarepoint Ops LLC bought a new position in Smart Sand during the fourth quarter valued at $57,000. Balyasny Asset Management L.P. purchased a new stake in Smart Sand in the 4th quarter worth about $59,000. Finally, LPL Financial LLC raised its position in shares of Smart Sand by 36.7% in the fourth quarter. LPL Financial LLC now owns 14,900 shares of the company’s stock valued at $60,000 after purchasing an additional 4,000 shares during the period. Institutional investors and hedge funds own 35.21% of the company’s stock.

Wall Street Analyst Weigh In

SND has been the topic of a number of research analyst reports. Wall Street Zen lowered Smart Sand from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Smart Sand in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.