Smart Sand, Inc. (NASDAQ:SND) Director Clearlake Capital Group, L.P. Sells 2,552,462 Shares

Smart Sand, Inc. (NASDAQ:SNDGet Rating) Director Clearlake Capital Group, L.P. sold 2,552,462 shares of the firm’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $3.18, for a total value of $8,116,829.16. Following the sale, the director now directly owns 8,200,204 shares of the company’s stock, valued at $26,076,648.72. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of SND stock traded down $0.15 during trading on Friday, reaching $2.32. The company had a trading volume of 397,077 shares, compared to its average volume of 350,074. The firm’s 50 day simple moving average is $3.68 and its two-hundred day simple moving average is $2.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.16 and a quick ratio of 0.88. Smart Sand, Inc. has a one year low of $1.73 and a one year high of $4.95. The company has a market capitalization of $103.25 million, a PE ratio of -1.98 and a beta of 1.14.

Smart Sand (NASDAQ:SNDGet Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.09. Smart Sand had a negative return on equity of 21.33% and a negative net margin of 37.42%. During the same period in the prior year, the business posted ($0.09) EPS. Analysts forecast that Smart Sand, Inc. will post -0.22 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the company. StockNews.com assumed coverage on Smart Sand in a research note on Sunday, April 3rd. They set a “hold” rating for the company. Piper Sandler raised their price objective on Smart Sand from $2.15 to $3.00 and gave the company an “underweight” rating in a research note on Thursday, May 19th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. acquired a new stake in shares of Smart Sand during the 1st quarter worth approximately $35,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Smart Sand during the 1st quarter worth approximately $61,000. XTX Topco Ltd acquired a new stake in shares of Smart Sand during the 1st quarter worth approximately $66,000. Renaissance Technologies LLC acquired a new stake in shares of Smart Sand during the 4th quarter worth approximately $78,000. Finally, Victory Capital Management Inc. grew its holdings in shares of Smart Sand by 22.3% during the 4th quarter. Victory Capital Management Inc. now owns 43,937 shares of the company’s stock worth $78,000 after purchasing an additional 8,022 shares in the last quarter. 39.49% of the stock is currently owned by hedge funds and other institutional investors.

About Smart Sand (Get Rating)

Smart Sand, Inc, an integrated frac 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 logistics services; and SmartSystems, a wellsite proppant storage solution.

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Insider Buying and Selling by Quarter for Smart Sand (NASDAQ:SND)

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