Ronald Whelan Purchases 4,444 Shares of Smart Sand (NASDAQ:SND) Stock

Smart Sand (NASDAQ:SND) insider Ronald Whelan bought 4,444 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average cost of $4.50 per share, for a total transaction of $19,998.00. Following the completion of the acquisition, the insider owned 472,941 shares of the company’s stock, valued at $2,128,234.50. This trade represents a 0.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Smart Sand Price Performance

Shares of Smart Sand stock traded up $0.48 during trading hours on Monday, reaching $4.77. The stock had a trading volume of 488,332 shares, compared to its average volume of 360,644. Smart Sand has a twelve month low of $1.76 and a twelve month high of $5.84. The company has a current ratio of 1.66, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $205.06 million, a PE ratio of 8.67 and a beta of 0.33. The stock’s 50 day moving average is $4.96 and its 200 day moving average is $4.35.

Smart Sand (NASDAQ:SND) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $93.11 million during the quarter.

Smart Sand Announces Dividend

The business also recently disclosed a special dividend, which was paid on Tuesday, May 5th. Shareholders of record on Wednesday, April 22nd were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, April 22nd.

Smart Sand declared that its board has authorized a stock repurchase program on Thursday, February 26th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the company to reacquire up to 8.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

SND has been the subject of a number of research analyst reports. Weiss Ratings raised Smart Sand from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Wall Street Zen raised Smart Sand from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Smart Sand currently has an average rating of “Hold”.

Institutional Investors Weigh In On Smart Sand

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gendell Jeffrey L grew its holdings in shares of Smart Sand by 16.0% during the 4th quarter. Gendell Jeffrey L now owns 3,126,915 shares of the company’s stock worth $12,508,000 after purchasing an additional 430,507 shares during the period. Marshall Wace LLP acquired a new position in Smart Sand in the fourth quarter valued at about $1,539,000. Arrowstreet Capital Limited Partnership lifted its position in Smart Sand by 59.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 798,823 shares of the company’s stock valued at $4,090,000 after buying an additional 298,017 shares during the last quarter. Informed Momentum Co LLC purchased a new position in Smart Sand during the fourth quarter worth about $961,000. Finally, Truffle Hound Capital LLC acquired a new stake in shares of Smart Sand during the fourth quarter valued at about $880,000. Hedge funds and other institutional investors own 35.21% of the company’s stock.

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.