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

Wall Street Zen upgraded shares of Smart Sand (NASDAQ:SND) from a hold rating to a buy rating in a research report report published on Sunday morning.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Smart Sand in a research report on Monday, July 20th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Smart Sand Stock Performance

Shares of SND stock opened at $4.52 on Friday. The stock has a market capitalization of $194.31 million, a price-to-earnings ratio of 8.22 and a beta of 0.30. Smart Sand has a one year low of $1.82 and a one year high of $5.92. The company’s 50-day simple moving average is $4.82 and its 200-day simple moving average is $4.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.66.

Smart Sand (NASDAQ:SND) last announced its quarterly earnings data 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 Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Tuesday, July 28th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, July 28th.

Institutional Trading of Smart Sand

Large investors have recently added to or reduced their stakes in the business. Gendell Jeffrey L raised its stake in Smart Sand by 16.0% during the 4th quarter. Gendell Jeffrey L now owns 3,126,915 shares of the company’s stock valued at $12,508,000 after acquiring an additional 430,507 shares in the last quarter. BlackRock Inc. bought a new position in shares of Smart Sand in the second quarter worth $10,083,000. Arrowstreet Capital Limited Partnership increased its holdings 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 valued at $4,090,000 after purchasing an additional 298,017 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Smart Sand by 25.6% during the first quarter. Dimensional Fund Advisors LP now owns 798,809 shares of the company’s stock valued at $4,090,000 after purchasing an additional 162,823 shares during the period. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Smart Sand by 3.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 610,034 shares of the company’s stock valued at $2,440,000 after purchasing an additional 20,213 shares during the period. 35.21% of the stock is currently owned by institutional investors and hedge funds.

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.