Smart Sand (NASDAQ:SND) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen lowered shares of Smart Sand (NASDAQ:SND) from a strong-buy rating to a buy rating in a research note issued to investors on Sunday morning.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smart Sand in a research note on Monday, December 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Smart Sand Price Performance

Smart Sand stock opened at $3.86 on Friday. The firm has a market capitalization of $168.06 million, a P/E ratio of 42.89 and a beta of 0.38. Smart Sand has a one year low of $1.76 and a one year high of $4.51. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.70 and a quick ratio of 1.06. The business has a fifty day moving average price of $2.96 and a 200-day moving average price of $2.35.

Smart Sand (NASDAQ:SND) last issued its earnings results on Wednesday, November 12th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.11. Smart Sand had a negative return on equity of 7.55% and a net margin of 1.16%.The business had revenue of $0.09 million during the quarter, compared to the consensus estimate of $60.00 million. As a group, equities research analysts forecast that Smart Sand will post 0.07 EPS for the current year.

Smart Sand Announces Dividend

The firm also recently declared a special dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 2nd were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, December 2nd.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Gendell Jeffrey L lifted its position in Smart Sand by 18.1% during the second quarter. Gendell Jeffrey L now owns 2,039,861 shares of the company’s stock valued at $4,100,000 after purchasing an additional 312,789 shares during the last quarter. Bailard Inc. purchased a new stake in shares of Smart Sand during the 2nd quarter valued at $50,000. Goldman Sachs Group Inc. bought a new stake in shares of Smart Sand during the 1st quarter worth $26,000. Acadian Asset Management LLC grew its position in Smart Sand by 16.0% in the first quarter. Acadian Asset Management LLC now owns 824,744 shares of the company’s stock worth $2,132,000 after acquiring an additional 113,612 shares in the last quarter. Finally, Everstar Asset Management LLC purchased a new position in Smart Sand in the first quarter worth $141,000. 35.21% of the stock is currently owned by institutional investors.

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.