Dimensional Fund Advisors LP raised its position in shares of U.S. Silica Holdings Inc (NYSE:SLCA) by 19.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,435,705 shares of the mining company’s stock after buying an additional 237,041 shares during the quarter. Dimensional Fund Advisors LP owned about 1.77% of U.S. Silica worth $44,606,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in SLCA. State Street Corp lifted its position in shares of U.S. Silica by 35.4% during the second quarter. State Street Corp now owns 2,663,238 shares of the mining company’s stock valued at $94,554,000 after buying an additional 696,893 shares during the last quarter. SG Capital Management LLC purchased a new stake in shares of U.S. Silica during the third quarter valued at about $19,881,000. Ninepoint Partners LP purchased a new position in shares of U.S. Silica in the 3rd quarter valued at approximately $18,642,000. Rice Hall James & Associates LLC purchased a new position in shares of U.S. Silica in the 3rd quarter valued at approximately $16,279,000. Finally, Icon Advisers Inc. Co. purchased a new position in shares of U.S. Silica in the 2nd quarter valued at approximately $16,765,000.
In other news, EVP Bradford B. Casper sold 8,700 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $34.21, for a total transaction of $297,627.00. Following the sale, the executive vice president now owns 18,593 shares of the company’s stock, valued at approximately $636,066.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles W. Shaver acquired 3,300 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were purchased at an average cost of $33.99 per share, for a total transaction of $112,167.00. Following the purchase, the director now directly owns 29,829 shares in the company, valued at $1,013,887.71. The disclosure for this purchase can be found here. Insiders have bought a total of 7,900 shares of company stock worth $256,063 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.
Several equities analysts recently commented on SLCA shares. KeyCorp reaffirmed an “overweight” rating and issued a $40.00 price objective on shares of U.S. Silica in a research report on Wednesday, October 4th. Royal Bank of Canada set a $55.00 price objective on shares of U.S. Silica and gave the company a “buy” rating in a research report on Saturday, October 7th. BidaskClub lowered shares of U.S. Silica from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $36.00 price objective on shares of U.S. Silica in a research report on Thursday, October 19th. Finally, Zacks Investment Research raised shares of U.S. Silica from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty have given a buy rating to the company’s stock. U.S. Silica currently has an average rating of “Buy” and an average target price of $48.76.
Shares of U.S. Silica Holdings Inc (NYSE SLCA) traded down $0.71 during trading hours on Wednesday, reaching $33.29. 1,504,359 shares of the company traded hands, compared to its average volume of 1,990,000. U.S. Silica Holdings Inc has a one year low of $24.26 and a one year high of $61.49. The company has a current ratio of 3.67, a quick ratio of 3.26 and a debt-to-equity ratio of 0.39. The firm has a market cap of $2,700.00, a P/E ratio of 41.61 and a beta of 2.33.
U.S. Silica (NYSE:SLCA) last issued its quarterly earnings results on Monday, November 6th. The mining company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The company had revenue of $345.00 million for the quarter, compared to the consensus estimate of $328.91 million. U.S. Silica had a net margin of 6.24% and a return on equity of 5.73%. U.S. Silica’s quarterly revenue was up 150.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.13) EPS. research analysts anticipate that U.S. Silica Holdings Inc will post 1.5 EPS for the current year.
U.S. Silica declared that its Board of Directors has initiated a share repurchase plan on Monday, November 6th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the mining company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were paid a dividend of $0.063 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.76%. U.S. Silica’s payout ratio is 31.25%.
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U.S. Silica 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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