Smart Sand (NASDAQ:SND) Insider James Douglas Young Sells 16,301 Shares

Smart Sand (NASDAQ:SND) insider James Douglas Young sold 16,301 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $4.93, for a total transaction of $80,363.93. Following the completion of the transaction, the insider directly owned 356,627 shares of the company’s stock, valued at $1,758,171.11. This represents a 4.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, August 19th, James Douglas Young sold 11,669 shares of Smart Sand stock. The stock was sold at an average price of $4.84, for a total value of $56,477.96.

Smart Sand Stock Down 4.0%

SND stock opened at $4.77 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. Smart Sand has a twelve month low of $1.88 and a twelve month high of $5.92. The company’s 50 day moving average is $4.75 and its two-hundred day moving average is $4.83. The stock has a market cap of $202.25 million, a P/E ratio of 18.35 and a beta of 0.30.

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

Smart Sand Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new stake in Smart Sand during the first quarter worth approximately $26,000. Squarepoint Ops LLC purchased a new position in shares of Smart Sand in the 4th quarter valued at $57,000. Balyasny Asset Management L.P. acquired a new position in shares of Smart Sand during the 4th quarter valued at $59,000. LPL Financial LLC lifted its holdings in shares of Smart Sand by 36.7% during the 4th quarter. LPL Financial LLC now owns 14,900 shares of the company’s stock valued at $60,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Vise Technologies Inc. purchased a new stake in Smart Sand during the 2nd quarter worth $70,000. 35.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SND has been the subject of several research reports. Wall Street Zen raised Smart Sand from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Weiss Ratings raised Smart Sand from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

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.