Smart Sand to Issue Special Dividend of $0.05 (NASDAQ:SND)
Smart Sand (NASDAQ:SND) announced a special dividend of $0.05 per share, payable on December 16th to shareholders of record on December 2nd. The ex-dividend date is December 2nd. The company reported $0.08 EPS for the last quarter, beating estimates, and has a market cap of $118.43 million. CEO Charles Edwin Young recently purchased 20,000 shares. Institutional investors have increased their holdings in the company.
Smart Sand (NASDAQ:SND - Get Free Report) announced a special dividend on Tuesday, November 18th. Shareholders of record on Tuesday, December 2nd will be paid a dividend of 0.05 per share on Tuesday, December 16th. The ex-dividend date of this dividend is Tuesday, December 2nd.
Smart Sand Price Performance
- 3 Data Center Stocks Are Soaring—Analysts Think 1 Could Go Higher
Shares of NASDAQ SND opened at $2.72 on Wednesday. Smart Sand has a twelve month low of $1.76 and a twelve month high of $2.83. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $2.16 and a two-hundred day moving average of $2.04. The company has a market capitalization of $118.43 million, a price-to-earnings ratio of 30.22 and a beta of 0.77.
Smart Sand (NASDAQ:SND - Get Free Report) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.11. Smart Sand had a net margin of 1.16% and a negative return on equity of 7.55%. The company had revenue of $0.09 million for the quarter, compared to analysts' expectations of $60.00 million. As a group, analysts expect that Smart Sand will post 0.07 earnings per share for the current fiscal year.
Insider Transactions at Smart Sand
- 3 Data Memory Stocks Beating NVDA This Year
In other Smart Sand news, CEO Charles Edwin Young bought 20,000 shares of Smart Sand stock in a transaction on Friday, September 5th. The stock was purchased at an average cost of $1.91 per share, for a total transaction of $38,200.00. Following the completion of the purchase, the chief executive officer directly owned 1,477,628 shares of the company's stock, valued at $2,822,269.48. The trade was a 1.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 39,031 shares of company stock worth $74,421 over the last ninety days. 32.30% of the stock is currently owned by company insiders.
Institutional Trading of Smart Sand
Large investors have recently modified their holdings of the company. JB Capital Partners LP grew its stake in Smart Sand by 31.4% in the 3rd quarter. JB Capital Partners LP now owns 460,000 shares of the company's stock valued at $984,000 after buying an additional 110,000 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Smart Sand by 3.6% in the 3rd quarter. Bridgeway Capital Management LLC now owns 589,821 shares of the company's stock worth $1,262,000 after acquiring an additional 20,333 shares during the period. First Eagle Investment Management LLC boosted its stake in Smart Sand by 3.8% during the third quarter. First Eagle Investment Management LLC now owns 286,483 shares of the company's stock worth $613,000 after buying an additional 10,444 shares in the last quarter. GSA Capital Partners LLP increased its stake in Smart Sand by 625.9% in the third quarter. GSA Capital Partners LLP now owns 115,637 shares of the company's stock valued at $247,000 after acquiring an additional 99,706 shares during the period. Finally, Gendell Jeffrey L raised its holdings in shares of Smart Sand by 18.1% in the 2nd quarter. Gendell Jeffrey L now owns 2,039,861 shares of the company's stock worth $4,100,000 after buying an additional 312,789 shares in the last quarter. 35.21% of the stock is owned by institutional investors.
About Smart Sand
(Get Free Report)- Is Sandisk Still a Buy After 118% AI-Fueled Surge?
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.
See Also
- Five stocks we like better than Smart Sand
- With Risk Tolerance, One Size Does Not Fit All
- Healthcare Rotation Underway: 3 Stocks Leading the Charge
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Medtronic Stock Finds Its Footing—Now It’s Gaining Momentum
- What Are Dividend Challengers?
- What’s on the Thanksgiving Table? A Stock Pick for Every Course
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Smart Sand Right Now?
Before you consider Smart Sand, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Smart Sand wasn't on the list.
While Smart Sand currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
