U.S. Silica Holdings Inc (NYSE:SLCA) EVP Bradford B. Casper sold 8,700 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $34.21, for a total value of $297,627.00. Following the completion of the transaction, the executive vice president now owns 18,593 shares in the company, valued at approximately $636,066.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
U.S. Silica Holdings Inc (SLCA) opened at $38.25 on Friday. The firm has a market cap of $3,110.00, a price-to-earnings ratio of 47.81 and a beta of 2.33. U.S. Silica Holdings Inc has a 1-year low of $24.26 and a 1-year high of $61.49. 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 released its quarterly earnings results on Monday, November 6th. The mining company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. The firm had revenue of $345.00 million for the quarter, compared to analysts’ expectations of $328.91 million. U.S. Silica had a net margin of 11.96% and a return on equity of 12.49%. The business’s quarterly revenue was up 150.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. research analysts expect that U.S. Silica Holdings Inc will post 1.54 EPS for the current year.
U.S. Silica declared that its Board of Directors has initiated a stock repurchase program on Monday, November 6th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the mining company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were issued a $0.063 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.25 annualized dividend and a dividend yield of 0.66%. U.S. Silica’s payout ratio is currently 31.25%.
A number of large investors have recently made changes to their positions in SLCA. State Street Corp grew its position in U.S. Silica by 35.4% in the second quarter. State Street Corp now owns 2,663,238 shares of the mining company’s stock worth $94,554,000 after acquiring an additional 696,893 shares in the last quarter. SG Capital Management LLC purchased a new position in U.S. Silica in the third quarter worth $19,881,000. Victory Capital Management Inc. grew its position in U.S. Silica by 178.7% in the second quarter. Victory Capital Management Inc. now owns 960,863 shares of the mining company’s stock worth $34,101,000 after acquiring an additional 616,051 shares in the last quarter. Ninepoint Partners LP purchased a new position in U.S. Silica in the third quarter worth $18,642,000. Finally, Rice Hall James & Associates LLC purchased a new position in U.S. Silica in the third quarter worth $16,279,000.
SLCA has been the topic of a number of research analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $36.00 target price on shares of U.S. Silica in a research note on Thursday, October 19th. Zacks Investment Research raised shares of U.S. Silica from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Tuesday, October 24th. B. Riley started coverage on shares of U.S. Silica in a report on Wednesday, December 6th. They set a “buy” rating and a $40.00 target price on the stock. Credit Suisse Group lowered their target price on shares of U.S. Silica from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. Finally, Wolfe Research cut shares of U.S. Silica from a “market perform” rating to an “underperform” rating in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have issued a buy rating to the stock. U.S. Silica has an average rating of “Buy” and an average target price of $48.35.
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About U.S. Silica
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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