Bank of Montreal Can Sells 59,525 Shares of Smart Sand, Inc. (NASDAQ:SND)

Bank of Montreal Can cut its stake in shares of Smart Sand, Inc. (NASDAQ:SND) by 24.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 189,000 shares of the company’s stock after selling 59,525 shares during the period. Bank of Montreal Can owned 0.44% of Smart Sand worth $399,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC bought a new stake in Smart Sand in the 2nd quarter valued at $294,000. Acadian Asset Management LLC raised its stake in shares of Smart Sand by 16.4% during the second quarter. Acadian Asset Management LLC now owns 806,696 shares of the company’s stock valued at $1,700,000 after acquiring an additional 113,440 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Smart Sand by 67.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 212,994 shares of the company’s stock worth $407,000 after purchasing an additional 85,636 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Smart Sand by 36.7% in the second quarter. Dimensional Fund Advisors LP now owns 300,646 shares of the company’s stock valued at $634,000 after buying an additional 80,787 shares during the period. Finally, Ritholtz Wealth Management boosted its stake in shares of Smart Sand by 65.4% in the 2nd 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 last quarter. 35.21% of the stock is owned by institutional investors.

Smart Sand Stock Performance

NASDAQ:SND opened at $2.23 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 company has a market capitalization of $94.94 million, a P/E ratio of 10.14 and a beta of 1.07. Smart Sand, Inc. has a 1 year low of $1.65 and a 1 year high of $2.45. The business has a fifty day simple moving average of $2.03 and a two-hundred day simple moving average of $2.09.

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

Smart Sand Announces Dividend

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

Analysts Set New Price Targets

Separately, Piper Sandler dropped their price objective on shares of Smart Sand from $2.75 to $2.25 and set a “neutral” rating on the stock in a research note on Monday, July 15th.

Insider Activity

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 stock was 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 approximately $90,849.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 32.30% of the company’s stock.

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.