Bank of Montreal Can Decreases Stock Position in Smart Sand, Inc. (NASDAQ:SND)

Bank of Montreal Can lowered its position in Smart Sand, Inc. (NASDAQ:SND) by 24.0% in the 2nd quarter, Holdings Channel reports. The firm owned 189,000 shares of the company’s stock after selling 59,525 shares during the quarter. Bank of Montreal Can’s holdings in Smart Sand were worth $399,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Cullen Investment Group LTD. purchased a new position in Smart Sand during the 1st quarter valued at $59,000. Acadian Asset Management LLC boosted its holdings in Smart Sand by 16.4% in the second quarter. Acadian Asset Management LLC now owns 806,696 shares of the company’s stock worth $1,700,000 after acquiring an additional 113,440 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Smart Sand by 67.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 212,994 shares of the company’s stock worth $407,000 after buying an additional 85,636 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Smart Sand by 65.4% in the second quarter. Ritholtz Wealth Management now owns 135,883 shares of the company’s stock valued at $287,000 after purchasing an additional 53,716 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Smart Sand by 8.2% in the first quarter. Empowered Funds LLC now owns 127,027 shares of the company’s stock worth $243,000 after acquiring an additional 9,592 shares during the period. Hedge funds and other institutional investors own 35.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their target price on shares of Smart Sand from $2.75 to $2.25 and set a “neutral” rating for the company in a report on Monday, July 15th.

Insider Buying and Selling

In other news, VP Christopher M. Green sold 33,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $1.96, for a total value of $64,680.00. Following the sale, the vice president now directly owns 46,352 shares of the company’s stock, valued at approximately $90,849.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 32.30% of the company’s stock.

Smart Sand Price Performance

Shares of Smart Sand stock opened at $2.23 on Friday. The business has a 50 day simple moving average of $2.03 and a two-hundred day simple moving average of $2.09. Smart Sand, Inc. has a 12 month low of $1.65 and a 12 month high of $2.45. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.02. The stock has a market capitalization of $94.94 million, a P/E ratio of 10.14 and a beta of 1.07.

Smart Sand (NASDAQ:SND) last issued its earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $68.15 million. During the same period in the prior year, the business earned $0.17 EPS. As a group, analysts predict that Smart Sand, Inc. will post -0.01 EPS for the current fiscal year.

Smart Sand Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, October 28th. Investors of record on Tuesday, October 15th will be given a dividend of $0.10 per share. This represents a dividend yield of 4.52%. The ex-dividend date is Tuesday, October 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.