U.S. Silica Holdings Inc (NYSE:SLCA) CEO Bryan Adair Shinn acquired 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The shares were acquired at an average cost of $31.30 per share, with a total value of $125,200.00. Following the completion of the transaction, the chief executive officer now directly owns 88,807 shares in the company, valued at approximately $2,779,659.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
U.S. Silica Holdings Inc (NYSE:SLCA) opened at $38.25 on Friday. U.S. Silica Holdings Inc has a 52-week low of $24.26 and a 52-week high of $61.49. The firm has a market capitalization of $3,110.00, a PE ratio of 47.81 and a beta of 2.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.67 and a quick ratio of 3.26.
U.S. Silica (NYSE:SLCA) last announced its quarterly earnings data on Monday, November 6th. The mining company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. U.S. Silica had a return on equity of 12.49% and a net margin of 11.96%. The business had revenue of $345.00 million during the quarter, compared to the consensus estimate of $328.91 million. During the same period in the previous year, the company posted ($0.13) earnings per share. The business’s revenue for the quarter was up 150.5% on a year-over-year basis. equities research analysts anticipate that U.S. Silica Holdings Inc will post 1.54 earnings per share for the current year.
U.S. Silica declared that its Board of Directors has approved a share buyback program on Monday, November 6th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the mining company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were given a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Thursday, December 14th. U.S. Silica’s dividend payout ratio is presently 31.25%.
Several institutional investors have recently made changes to their positions in the company. Chicago Partners Investment Group LLC grew its position in shares of U.S. Silica by 5,398.2% during the third quarter. Chicago Partners Investment Group LLC now owns 15,285 shares of the mining company’s stock worth $475,000 after buying an additional 15,007 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of U.S. Silica by 42.3% during the third quarter. Public Employees Retirement System of Ohio now owns 48,908 shares of the mining company’s stock worth $1,520,000 after buying an additional 14,546 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of U.S. Silica during the third quarter worth about $632,000. Tortoise Capital Advisors L.L.C. grew its position in shares of U.S. Silica by 47.8% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 180,710 shares of the mining company’s stock worth $5,615,000 after buying an additional 58,412 shares in the last quarter. Finally, GeoSphere Capital Management acquired a new position in shares of U.S. Silica during the third quarter worth about $1,957,000.
A number of brokerages recently issued reports on SLCA. Piper Jaffray Companies reissued a “buy” rating on shares of U.S. Silica in a research report on Tuesday. Royal Bank of Canada set a $44.00 price objective on U.S. Silica and gave the stock a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research downgraded U.S. Silica from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 11th. Seaport Global Securities started coverage on U.S. Silica in a research report on Friday, December 8th. They set a “buy” rating and a $59.00 price objective for the company. Finally, B. Riley started coverage on U.S. Silica in a research report on Wednesday, December 6th. They issued a “buy” rating and a $40.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nineteen have given a buy rating to the company’s stock. U.S. Silica currently has a consensus rating of “Buy” and a consensus target price of $48.35.
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U.S. Silica Company Profile
U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.
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