D.A. Davidson & CO. maintained its stake in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,490 shares of the mining company’s stock at the close of the second quarter. D.A. Davidson & CO.’s holdings in U.S. Silica Holdings were worth $230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Winch Advisory Services LLC increased its position in shares of U.S. Silica Holdings by 109.0% in the second quarter. Winch Advisory Services LLC now owns 4,127 shares of the mining company’s stock worth $146,000 after acquiring an additional 2,152 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of U.S. Silica Holdings by 69.0% in the second quarter. Riverhead Capital Management LLC now owns 4,226 shares of the mining company’s stock worth $150,000 after acquiring an additional 1,726 shares in the last quarter. Roble Belko & Company Inc acquired a new stake in shares of U.S. Silica Holdings in the first quarter worth $177,000. Piedmont Investment Advisors LLC acquired a new stake in shares of U.S. Silica Holdings in the first quarter worth $209,000. Finally, First Heartland Consultants Inc. acquired a new stake in shares of U.S. Silica Holdings in the second quarter worth $213,000.

Several equities research analysts have recently issued reports on SLCA shares. Citigroup Inc. dropped their price objective on shares of U.S. Silica Holdings from $58.00 to $52.00 and set a “buy” rating for the company in a research report on Friday, June 9th. Scotiabank set a $63.00 price objective on shares of U.S. Silica Holdings and gave the stock a “buy” rating in a research report on Tuesday, June 13th. Janney Montgomery Scott started coverage on shares of U.S. Silica Holdings in a research report on Thursday, June 15th. They issued a “buy” rating and a $51.00 price objective for the company. Cowen and Company reissued an “outperform” rating and issued a $70.00 price objective on shares of U.S. Silica Holdings in a research report on Wednesday, June 21st. Finally, Morgan Stanley dropped their price objective on shares of U.S. Silica Holdings from $76.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, June 21st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $50.45.

U.S. Silica Holdings, Inc. (NYSE:SLCA) opened at 31.16 on Thursday. The firm’s 50-day moving average is $28.57 and its 200-day moving average is $34.96. The company has a market capitalization of $2.53 billion, a P/E ratio of 178.06 and a beta of 2.32. U.S. Silica Holdings, Inc. has a 1-year low of $24.26 and a 1-year high of $61.49.

U.S. Silica Holdings (NYSE:SLCA) last released its quarterly earnings results on Monday, July 31st. The mining company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. U.S. Silica Holdings had a net margin of 1.60% and a return on equity of 1.92%. The company had revenue of $290.50 million for the quarter, compared to analyst estimates of $316.43 million. During the same quarter last year, the firm posted ($0.17) earnings per share. The company’s quarterly revenue was up 148.3% compared to the same quarter last year. Equities research analysts predict that U.S. Silica Holdings, Inc. will post $1.55 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th were given a $0.063 dividend. This is a positive change from U.S. Silica Holdings’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.81%. U.S. Silica Holdings’s dividend payout ratio (DPR) is currently 192.31%.

ILLEGAL ACTIVITY NOTICE: “D.A. Davidson & CO. Continues to Hold Stake in U.S. Silica Holdings, Inc. (SLCA)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/05/d-a-davidson-co-continues-to-hold-stake-in-u-s-silica-holdings-inc-slca.html.

U.S. Silica Holdings 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.

Want to see what other hedge funds are holding SLCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Silica Holdings, Inc. (NYSE:SLCA).

Institutional Ownership by Quarter for U.S. Silica Holdings (NYSE:SLCA)

Receive News & Stock Ratings for U.S. Silica Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Silica Holdings Inc. and related stocks with our FREE daily email newsletter.