Bradford B. Casper Sells 12,273 Shares of U.S. Silica Holdings Inc. (SLCA) Stock
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 transaction, the executive vice president now directly owns 18,699 shares in the company, valued at $856,601.19. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of U.S. Silica Holdings Inc. (NYSE:SLCA) opened at 46.56 on Friday. The stock has a 50 day moving average price of $41.78 and a 200-day moving average price of $32.35. U.S. Silica Holdings Inc. has a one year low of $13.54 and a one year high of $46.88. The company’s market capitalization is $2.96 billion.
U.S. Silica Holdings (NYSE:SLCA) last released its quarterly earnings results on Tuesday, August 2nd. The mining company reported ($0.19) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.03. U.S. Silica Holdings had a negative return on equity of 7.76% and a negative net margin of 6.70%. The firm had revenue of $117 million for the quarter, compared to the consensus estimate of $114.53 million. During the same quarter last year, the business posted $0.08 EPS. The company’s revenue for the quarter was down 20.7% on a year-over-year basis. Equities research analysts predict that U.S. Silica Holdings Inc. will post ($0.65) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders 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 of this dividend is Tuesday, September 13th. U.S. Silica Holdings’s dividend payout ratio is -39.06%.
Hedge funds have recently added to or reduced their stakes in the stock. MCF Advisors LLC increased its stake in 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 in the last quarter. BlackRock Inc. increased its stake in 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 in the last quarter. Envestnet Asset Management Inc. increased its stake in 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 in the last quarter. Panagora Asset Management Inc. purchased a new stake in U.S. Silica Holdings during the second quarter valued at about $153,000. Finally, Strs Ohio increased its stake in 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 in the last quarter. 97.26% of the stock is currently owned by hedge funds and other institutional investors.
SLCA has been the topic of several research analyst reports. Jefferies Group reaffirmed a “buy” rating and issued a $41.00 price objective on shares of U.S. Silica Holdings in a research note on Tuesday, July 19th. DA Davidson lowered U.S. Silica Holdings from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research note on Monday, June 13th. They noted that the move was a valuation call. Citigroup Inc. lifted their price objective on U.S. Silica Holdings from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, September 12th. Zacks Investment Research raised U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Saturday, August 20th. Finally, Barclays PLC initiated coverage on U.S. Silica Holdings in a research note on Wednesday, August 10th. They issued an “overweight” rating and a $50.00 price objective 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. The company presently has a consensus rating of “Buy” and an average target price of $36.31.
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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