Francis Michael Porcelli Sells 100,000 Shares of Smart Sand (NASDAQ:SND) Stock

Smart Sand (NASDAQ:SND) Director Francis Michael Porcelli sold 100,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $4.03, for a total transaction of $403,000.00. Following the transaction, the director owned 1,019,060 shares in the company, valued at approximately $4,106,811.80. This trade represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Francis Michael Porcelli also recently made the following trade(s):

• On Thursday, March 5th, Francis Michael Porcelli sold 150,000 shares of Smart Sand stock. The stock was sold at an average price of $4.02, for a total transaction of $603,000.00.

Smart Sand Stock Performance

NASDAQ:SND traded up $0.02 during mid-day trading on Thursday, reaching $4.10. The stock had a trading volume of 659,746 shares, compared to its average volume of 418,185. Smart Sand has a twelve month low of $1.76 and a twelve month high of $5.59. The business has a 50 day simple moving average of $4.49 and a 200 day simple moving average of $3.19. The firm has a market capitalization of $178.51 million, a price-to-earnings ratio of 136.67 and a beta of 0.27. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.14 and a current ratio of 1.76.

Smart Sand (NASDAQ:SND) last issued its earnings results on Thursday, February 26th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.06. The business had revenue of $86.05 million during 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 expect that Smart Sand will post 0.07 earnings per share for the current fiscal year.

Smart Sand declared that its Board of Directors has authorized a share buyback program on Thursday, February 26th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the company to buy up to 8.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Smart Sand

Several hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC raised its position in Smart Sand by 36.7% during the fourth quarter. LPL Financial LLC now owns 14,900 shares of the company’s stock worth $60,000 after acquiring an additional 4,000 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Smart Sand by 1.5% in the second quarter. Geode Capital Management LLC now owns 444,089 shares of the company’s stock valued at $893,000 after purchasing an additional 6,551 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Smart Sand during the 1st quarter worth approximately $26,000. State Street Corp increased its stake in shares of Smart Sand by 6.7% during the 4th quarter. State Street Corp now owns 161,597 shares of the company’s stock worth $646,000 after purchasing an additional 10,200 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of Smart Sand by 3.8% during the 3rd quarter. First Eagle Investment Management LLC now owns 286,483 shares of the company’s stock worth $613,000 after purchasing an additional 10,444 shares during the last quarter. 35.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on SND. Wall Street Zen lowered shares of Smart Sand from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Smart Sand in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Smart Sand presently has an average rating of “Hold”.

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.