Smart Sand (NASDAQ:SND) Downgraded by StockNews.com to “Hold”

Smart Sand (NASDAQ:SND – Get Rating) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Smart Sand Trading Down 0.9 %

Shares of NASDAQ:SND opened at $1.61 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 1.27. The stock’s 50-day moving average is $1.71 and its 200-day moving average is $1.85. The company has a market cap of $66.54 million, a P/E ratio of 53.68 and a beta of 1.47. Smart Sand has a 52-week low of $1.37 and a 52-week high of $3.69.

Smart Sand (NASDAQ:SND – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08. Smart Sand had a return on equity of 0.68% and a net margin of 0.55%. The firm had revenue of $73.83 million for the quarter, compared to analyst estimates of $63.35 million. Equities research analysts predict that Smart Sand will post 0.27 earnings per share for the current year.

Insider Activity

In other Smart Sand news, Director Clearlake Capital Group, L.P. sold 5,175,688 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $1.72, for a total transaction of $8,902,183.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 49.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Smart Sand

Hedge funds and other institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. acquired a new stake in Smart Sand during the 1st quarter worth $35,000. Kingsview Wealth Management LLC acquired a new stake in shares of Smart Sand during the second quarter worth about $35,000. Charles Schwab Investment Management Inc. bought a new position in shares of Smart Sand during the 1st quarter valued at about $61,000. Virtu Financial LLC acquired a new position in shares of Smart Sand in the 2nd quarter valued at approximately $63,000. Finally, XTX Topco Ltd bought a new stake in Smart Sand during the 1st quarter worth approximately $66,000. 30.06% of the stock is owned by institutional investors.

About Smart Sand

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Smart Sand, Inc engages in supplying frac sand and related services. The firm offers complete mine to wellsite proppant supply and logistics solutions. It supplies industrial sand to the oil and gas industry. The company was founded on July 19, 2011 and is headquartered in Spring, TX.