James Douglas Young Sells 11,669 Shares of Smart Sand (NASDAQ:SND) Stock

Smart Sand (NASDAQ:SND) insider James Douglas Young sold 11,669 shares of Smart Sand stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $4.84, for a total value of $56,477.96. Following the completion of the transaction, the insider owned 344,958 shares of the company’s stock, valued at approximately $1,669,596.72. This represents a 3.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, August 18th, James Douglas Young sold 16,301 shares of Smart Sand stock. The stock was sold at an average price of $4.93, for a total value of $80,363.93.

Smart Sand Price Performance

Shares of NASDAQ SND opened at $4.85 on Friday. Smart Sand has a one year low of $1.88 and a one year high of $5.92. The firm has a market cap of $205.64 million, a PE ratio of 18.65 and a beta of 0.30. The firm has a fifty day moving average of $4.74 and a 200 day moving average of $4.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.11 and a current ratio of 1.69.

Smart Sand (NASDAQ:SND) last posted its earnings results on Tuesday, August 11th. The company reported $0.25 earnings per share for the quarter. Smart Sand had a net margin of 2.71% and a return on equity of 4.41%. The company 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. Investors of record on Tuesday, July 28th were issued a $0.10 dividend. The ex-dividend date was Tuesday, July 28th.

Hedge Funds Weigh In On Smart Sand

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Smart Sand in the 2nd quarter valued at about $10,083,000. JB Capital Partners LP purchased a new stake in Smart Sand during the second quarter worth about $2,254,000,000. Gendell Jeffrey L lifted its position in shares of Smart Sand by 16.0% during the fourth 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 in the last quarter. Marshall Wace LLP acquired a new stake in shares of Smart Sand during the fourth quarter worth about $1,539,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Smart Sand by 59.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 798,823 shares of the company’s stock worth $4,090,000 after purchasing an additional 298,017 shares in the last quarter. Institutional investors and hedge funds own 35.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings raised Smart Sand from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. Wall Street Zen raised Smart Sand from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Smart Sand currently has an average 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.