Insider Buying: U.S. Silica Holdings Inc (SLCA) Director Purchases 10,000 Shares of Stock

U.S. Silica Holdings Inc (NYSE:SLCA) Director Charles W. Shaver bought 10,000 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was bought at an average cost of $13.06 per share, for a total transaction of $130,600.00. Following the purchase, the director now directly owns 19,909 shares of the company’s stock, valued at approximately $260,011.54. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of U.S. Silica stock opened at $13.15 on Thursday. U.S. Silica Holdings Inc has a 1 year low of $9.30 and a 1 year high of $34.34. The stock has a market capitalization of $979.73 million, a price-to-earnings ratio of 8.32 and a beta of 2.34. The company has a quick ratio of 1.33, a current ratio of 1.77 and a debt-to-equity ratio of 1.35.

U.S. Silica (NYSE:SLCA) last announced its quarterly earnings results on Wednesday, May 1st. The mining company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.06. U.S. Silica had a positive return on equity of 9.28% and a negative net margin of 15.85%. The company had revenue of $378.75 million during the quarter, compared to the consensus estimate of $354.83 million. During the same period in the prior year, the company earned $0.54 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, research analysts predict that U.S. Silica Holdings Inc will post -0.09 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be issued a $0.063 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.25 annualized dividend and a dividend yield of 1.92%. U.S. Silica’s dividend payout ratio (DPR) is currently 15.82%.

Institutional investors have recently made changes to their positions in the business. Prescott Group Capital Management L.L.C. grew its holdings in shares of U.S. Silica by 465.7% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 1,272,869 shares of the mining company’s stock worth $12,958,000 after buying an additional 1,047,869 shares in the last quarter. BlackRock Inc. boosted its position in U.S. Silica by 10.0% during the fourth quarter. BlackRock Inc. now owns 11,476,669 shares of the mining company’s stock valued at $116,833,000 after purchasing an additional 1,045,341 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in U.S. Silica by 17.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,616,371 shares of the mining company’s stock valued at $46,997,000 after purchasing an additional 699,673 shares during the last quarter. Norges Bank acquired a new position in U.S. Silica during the fourth quarter valued at approximately $5,896,000. Finally, Deutsche Bank AG boosted its position in U.S. Silica by 78.4% during the fourth quarter. Deutsche Bank AG now owns 1,065,752 shares of the mining company’s stock valued at $10,848,000 after purchasing an additional 468,259 shares during the last quarter.

Several equities analysts have weighed in on SLCA shares. B. Riley set a $19.00 target price on U.S. Silica and gave the company a “buy” rating in a research note on Friday, February 22nd. Stifel Nicolaus set a $18.00 target price on U.S. Silica and gave the company a “buy” rating in a research note on Wednesday, February 20th. Seaport Global Securities set a $21.00 target price on U.S. Silica and gave the company a “buy” rating in a research note on Thursday, April 4th. TheStreet lowered U.S. Silica from a “c” rating to a “d+” rating in a research note on Monday, March 4th. Finally, Cowen reissued an “outperform” rating and issued a $20.00 target price (down previously from $22.00) on shares of U.S. Silica in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. U.S. Silica currently has an average rating of “Hold” and an average price target of $22.53.

TRADEMARK VIOLATION NOTICE: This article was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright legislation. The original version of this article can be viewed at https://www.dispatchtribunal.com/2019/05/16/insider-buying-u-s-silica-holdings-inc-slca-director-purchases-10000-shares-of-stock.html.

About U.S. Silica

U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.

See Also: Reverse Stock Split

Receive News & Ratings for U.S. Silica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Silica and related companies with MarketBeat.com's FREE daily email newsletter.