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

Smart Sand (NASDAQ:SND) Director Francis Michael Porcelli sold 150,000 shares of Smart Sand stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $4.02, for a total value of $603,000.00. Following the transaction, the director owned 869,060 shares of the company’s stock, valued at $3,493,621.20. This represents a 14.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $4.03, for a total value of $403,000.00.

Smart Sand Price Performance

Shares of NASDAQ:SND opened at $4.09 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.14 and a current ratio of 1.76. The business’s fifty day moving average price is $4.50 and its two-hundred day moving average price is $3.21. The stock has a market cap of $178.08 million, a PE ratio of 136.33 and a beta of 0.27. Smart Sand has a one year low of $1.76 and a one year high of $5.59.

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

Smart Sand declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 26th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the company to buy up to 8.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SND shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smart Sand in a research note on Monday, December 29th. Wall Street Zen lowered shares of Smart Sand from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Smart Sand has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new stake in shares of Smart Sand in the first quarter worth about $26,000. Empowered Funds LLC raised its holdings in shares of Smart Sand by 7.0% during the 1st quarter. Empowered Funds LLC now owns 161,480 shares of the company’s stock valued at $418,000 after buying an additional 10,588 shares during the period. Jane Street Group LLC lifted its position in Smart Sand by 348.8% during the 1st quarter. Jane Street Group LLC now owns 81,013 shares of the company’s stock worth $210,000 after acquiring an additional 62,961 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Smart Sand by 7.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 276,039 shares of the company’s stock worth $555,000 after acquiring an additional 19,117 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Smart Sand by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 444,089 shares of the company’s stock worth $893,000 after acquiring an additional 6,551 shares during the period. Institutional investors and hedge funds own 35.21% of the company’s stock.

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.