Vaughan Nelson Investment Management L.P. boosted its holdings in shares of U.S. Silica Holdings Inc (NYSE:SLCA) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 475,875 shares of the mining company’s stock after acquiring an additional 10,350 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.59% of U.S. Silica worth $15,495,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its position in shares of U.S. Silica by 35.4% in the 2nd 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 bought a new position in shares of U.S. Silica in the 3rd quarter worth $19,881,000. Ninepoint Partners LP bought a new position in shares of U.S. Silica in the 3rd quarter worth $18,642,000. Rice Hall James & Associates LLC bought a new position in shares of U.S. Silica in the 3rd quarter worth $16,279,000. Finally, Allianz Asset Management GmbH increased its position in U.S. Silica by 110.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 916,732 shares of the mining company’s stock valued at $28,483,000 after buying an additional 481,067 shares in the last quarter. Institutional investors own 99.37% of the company’s stock.
Several research analysts recently issued reports on the company. B. Riley assumed coverage on U.S. Silica in a research report on Wednesday, December 6th. They set a “buy” rating and a $40.00 target price on the stock. Jefferies Group set a $43.00 price objective on U.S. Silica and gave the company a “buy” rating in a report on Monday, November 13th. Piper Jaffray Companies restated a “buy” rating and issued a $40.50 target price on shares of U.S. Silica in a research note on Friday, November 10th. Seaport Global Securities started coverage on U.S. Silica in a research note on Friday, December 8th. They issued a “buy” rating and a $59.00 target price on the stock. Finally, Wolfe Research downgraded U.S. Silica from a “market perform” rating to an “underperform” rating in a research report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, two have assigned 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 a consensus price target of $48.76.
Shares of U.S. Silica Holdings Inc (NYSE:SLCA) opened at $29.37 on Tuesday. The company has a current ratio of 3.67, a quick ratio of 3.26 and a debt-to-equity ratio of 0.39. U.S. Silica Holdings Inc has a fifty-two week low of $24.26 and a fifty-two week high of $61.49. The stock has a market capitalization of $2,390.00, a PE ratio of 36.71 and a beta of 2.15.
U.S. Silica announced that its Board of Directors has approved a stock buyback program on Monday, November 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the mining company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other U.S. Silica news, CEO Bryan Adair Shinn bought 4,000 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were bought at an average price of $31.30 per share, for a total transaction of $125,200.00. Following the transaction, the chief executive officer now owns 88,807 shares of the company’s stock, valued at approximately $2,779,659.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the executive vice president now owns 18,593 shares in the company, valued at approximately $636,066.53. The disclosure for this sale can be found here. Insiders have bought 7,900 shares of company stock worth $256,063 in the last quarter. Insiders own 1.00% of the company’s stock.
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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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