U.S. Silica Holdings Inc. (NYSE:SLCA) EVP Bradford B. Casper sold 12,273 shares of U.S. Silica Holdings stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $45.81, for a total value of $562,226.13. Following the completion of the sale, the executive vice president now directly owns 18,699 shares in the company, valued at approximately $856,601.19. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of U.S. Silica Holdings Inc. (NYSE:SLCA) opened at 46.56 on Friday. The firm’s market capitalization is $2.96 billion. U.S. Silica Holdings Inc. has a 52-week low of $13.54 and a 52-week high of $46.88. The stock has a 50 day moving average of $41.78 and a 200-day moving average of $32.35.
U.S. Silica Holdings (NYSE:SLCA) last issued its quarterly earnings results on Tuesday, August 2nd. The mining company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.03. The business earned $117 million during the quarter, compared to analysts’ expectations of $114.53 million. U.S. Silica Holdings had a negative return on equity of 7.76% and a negative net margin of 6.70%. The firm’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 earnings per share. Equities analysts expect that U.S. Silica Holdings Inc. will post ($0.65) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Thursday, September 15th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Tuesday, September 13th. U.S. Silica Holdings’s dividend payout ratio (DPR) is currently -39.06%.
A number of research firms recently issued reports on SLCA. DA Davidson downgraded U.S. Silica Holdings from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a research report on Monday, June 13th. They noted that the move was a valuation call. Zacks Investment Research raised U.S. Silica Holdings from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a research report on Wednesday, June 29th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $40.00 target price (up previously from $32.00) on shares of U.S. Silica Holdings in a research report on Wednesday, July 20th. Howard Weil lifted their target price on U.S. Silica Holdings from $32.00 to $35.00 and gave the company a “sector perform” rating in a research report on Thursday, August 4th. Finally, Citigroup Inc. lifted their target price on U.S. Silica Holdings from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, August 8th. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. U.S. Silica Holdings currently has a consensus rating of “Buy” and an average target price of $36.31.
Several large investors have recently modified their holdings of SLCA. MCF Advisors LLC boosted its stake in shares of U.S. Silica Holdings by 73.5% in the second quarter. MCF Advisors LLC now owns 2,997 shares of the mining company’s stock valued at $103,000 after buying an additional 1,270 shares during the period. BlackRock Inc. boosted its stake in shares of U.S. Silica Holdings by 171.3% in the first quarter. BlackRock Inc. now owns 4,710 shares of the mining company’s stock valued at $108,000 after buying an additional 2,974 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of U.S. Silica Holdings by 6.9% in the first quarter. Envestnet Asset Management Inc. now owns 5,086 shares of the mining company’s stock valued at $116,000 after buying an additional 330 shares during the period. Panagora Asset Management Inc. bought a new stake in shares of U.S. Silica Holdings during the second quarter valued at about $153,000. Finally, Strs Ohio boosted its stake in shares of U.S. Silica Holdings by 2,600.0% in the second quarter. Strs Ohio now owns 5,400 shares of the mining company’s stock valued at $186,000 after buying an additional 5,200 shares during the period. Institutional investors and hedge funds own 97.26% of the company’s stock.
About U.S. Silica Holdings
U.S. Silica Holdings, Inc (U.S. Silica) 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, the Company serves the oil and gas recovery market providing fracturing sand, or frac sand.
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