Smart Sand, Inc. (NASDAQ:SND) to Issue $0.10 Dividend

Smart Sand, Inc. (NASDAQ:SND) declared a dividend on Sunday, October 6th, investing.com reports. Investors of record on Wednesday, October 16th will be given a dividend of 0.10 per share on Monday, October 28th. This represents a yield of 4.52%. The ex-dividend date is Tuesday, October 15th.

Smart Sand Price Performance

Smart Sand stock opened at $2.21 on Friday. 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 cap of $94.09 million, a price-to-earnings ratio of 10.05 and a beta of 1.07. The firm has a 50-day moving average of $2.03 and a two-hundred day moving average of $2.08. Smart Sand has a 1 year low of $1.65 and a 1 year high of $2.45.

Smart Sand (NASDAQ:SND) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The firm had revenue of $73.80 million during the quarter, compared to analyst estimates of $68.15 million. Smart Sand had a return on equity of 1.07% and a net margin of 0.44%. During the same quarter in the previous year, the business earned $0.17 earnings per share. On average, research analysts forecast that Smart Sand will post -0.01 earnings per share for the current year.

Insider Transactions at Smart Sand

In related news, VP Christopher M. Green sold 33,000 shares of Smart Sand stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $1.96, for a total transaction of $64,680.00. Following the transaction, the vice president now directly owns 46,352 shares of the company’s stock, valued at $90,849.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 32.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler cut 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.

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.