U.S. Silica Holdings Inc. (NYSE:SLCA) SVP David D. Murry sold 6,352 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $45.00, for a total transaction of $285,840.00. Following the completion of the transaction, the senior vice president now owns 14,839 shares in the company, valued at $667,755. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
U.S. Silica Holdings Inc. (NYSE:SLCA) opened at 42.50 on Wednesday. The company’s market capitalization is $2.70 billion. The stock’s 50 day moving average price is $41.17 and its 200 day moving average price is $31.97. U.S. Silica Holdings Inc. has a one year low of $13.48 and a one year high of $46.22.
U.S. Silica Holdings (NYSE:SLCA) last released its earnings results on Tuesday, August 2nd. The mining company reported ($0.19) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.03. The firm had revenue of $117 million for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS. Equities analysts anticipate that U.S. Silica Holdings Inc. will post ($0.65) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, September 13th. U.S. Silica Holdings’s dividend payout ratio is currently -39.06%.
A number of research analysts have commented on SLCA shares. Jefferies Group reiterated a “buy” rating and set a $41.00 price target on shares of U.S. Silica Holdings in a research report on Tuesday, July 19th. DA Davidson cut shares of U.S. Silica Holdings from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research report on Monday, June 13th. They noted that the move was a valuation call. Citigroup Inc. increased their price target on shares of U.S. Silica Holdings from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, September 12th. Zacks Investment Research upgraded shares of U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Saturday, August 20th. Finally, Barclays PLC started coverage on shares of U.S. Silica Holdings in a research report on Wednesday, August 10th. They set an “overweight” rating and a $50.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. U.S. Silica Holdings has an average rating of “Buy” and a consensus target price of $36.31.
Several institutional investors have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC bought a new position in U.S. Silica Holdings during the second quarter valued at $428,000. Schwab Charles Investment Management Inc. increased its position in U.S. Silica Holdings by 17.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 270,502 shares of the mining company’s stock valued at $9,325,000 after buying an additional 41,161 shares in the last quarter. Stifel Financial Corp increased its position in U.S. Silica Holdings by 5.3% in the second quarter. Stifel Financial Corp now owns 33,328 shares of the mining company’s stock valued at $1,150,000 after buying an additional 1,674 shares in the last quarter. Pine River Capital Management L.P. bought a new position in U.S. Silica Holdings during the second quarter valued at $1,379,000. Finally, Amalgamated Bank bought a new position in U.S. Silica Holdings during the second quarter valued at $286,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.
U.S. Silica Holdings Company Profile
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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