Sara Bay Financial Takes Position in Smart Sand, Inc. (NASDAQ:SND)

Sara Bay Financial purchased a new stake in Smart Sand, Inc. (NASDAQ:SND) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,000 shares of the company’s stock, valued at approximately $53,000. Sara Bay Financial owned about 0.06% of Smart Sand as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in SND. CastleKnight Management LP increased its holdings in shares of Smart Sand by 44.0% during the 4th quarter. CastleKnight Management LP now owns 959,238 shares of the company’s stock worth $1,851,000 after buying an additional 292,900 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Smart Sand by 67.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 212,994 shares of the company’s stock valued at $407,000 after purchasing an additional 85,636 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Smart Sand in the 4th quarter valued at $101,000. Acadian Asset Management LLC grew its holdings in shares of Smart Sand by 5.4% during the 1st quarter. Acadian Asset Management LLC now owns 693,256 shares of the company’s stock worth $1,322,000 after purchasing an additional 35,605 shares during the period. Finally, Cullen Investment Group LTD. acquired a new stake in shares of Smart Sand during the 1st quarter worth about $59,000. Hedge funds and other institutional investors own 35.21% of the company’s stock.

Smart Sand Stock Up 3.5 %

SND stock traded up $0.07 during midday trading on Monday, reaching $2.05. 47,518 shares of the company were exchanged, compared to its average volume of 115,456. The company has a market cap of $88.01 million, a price-to-earnings ratio of 9.32 and a beta of 1.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.77 and a current ratio of 1.20. Smart Sand, Inc. has a 1-year low of $1.65 and a 1-year high of $2.48. The stock’s 50-day simple moving average is $2.06 and its 200 day simple moving average is $2.04.

Smart Sand (NASDAQ:SND) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. Smart Sand had a return on equity of 1.07% and a net margin of 0.44%. The company had revenue of $73.80 million for the quarter, compared to analyst estimates of $68.15 million. During the same quarter last year, the company posted $0.17 earnings per share. On average, equities analysts forecast that Smart Sand, Inc. will post -0.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Christopher M. Green sold 33,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $1.96, for a total value of $64,680.00. Following the transaction, the vice president now owns 46,352 shares in the company, valued at approximately $90,849.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Piper Sandler decreased their price target on Smart Sand from $2.75 to $2.25 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Stifel Nicolaus restated a “hold” rating and set a $3.00 target price on shares of Smart Sand in a report on Wednesday, May 15th.

About Smart Sand

Smart Sand, Inc, an integrated frac and industrial sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides proppant logistics services; and wellsite storage solutions through SmartSystems products and services.