Algert Global LLC decreased its holdings in U.S. Silica Holdings Inc (NYSE:SLCA) by 53.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 32,996 shares of the mining company’s stock after selling 37,778 shares during the period. Algert Global LLC’s holdings in U.S. Silica were worth $848,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of U.S. Silica by 65.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,372,933 shares of the mining company’s stock valued at $86,077,000 after buying an additional 1,331,451 shares in the last quarter. Van Berkom & Associates Inc. raised its stake in shares of U.S. Silica by 44.9% in the 1st quarter. Van Berkom & Associates Inc. now owns 2,722,849 shares of the mining company’s stock valued at $69,487,000 after buying an additional 843,808 shares in the last quarter. Northern Trust Corp raised its stake in shares of U.S. Silica by 16.0% in the 1st quarter. Northern Trust Corp now owns 1,687,385 shares of the mining company’s stock valued at $43,062,000 after buying an additional 233,137 shares in the last quarter. KBC Group NV raised its stake in shares of U.S. Silica by 1.9% in the 1st quarter. KBC Group NV now owns 656,728 shares of the mining company’s stock valued at $16,759,000 after buying an additional 12,460 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of U.S. Silica by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 625,954 shares of the mining company’s stock valued at $15,974,000 after buying an additional 6,714 shares in the last quarter.

SLCA opened at $24.92 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.80 and a current ratio of 2.88. U.S. Silica Holdings Inc has a twelve month low of $23.11 and a twelve month high of $38.70. The stock has a market capitalization of $1.95 billion, a PE ratio of 16.61 and a beta of 2.23.

U.S. Silica (NYSE:SLCA) last issued its quarterly earnings data on Tuesday, July 31st. The mining company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.03). U.S. Silica had a return on equity of 13.14% and a net margin of 10.79%. The company had revenue of $427.40 million for the quarter, compared to the consensus estimate of $455.35 million. During the same period in the prior year, the company earned $0.38 EPS. The firm’s revenue was up 47.1% compared to the same quarter last year. analysts expect that U.S. Silica Holdings Inc will post 2.7 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 3rd. Shareholders of record on Friday, September 14th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, September 13th. U.S. Silica’s dividend payout ratio is currently 16.67%.

A number of brokerages have recently issued reports on SLCA. Barclays set a $40.00 price objective on shares of U.S. Silica and gave the company a “buy” rating in a research note on Wednesday, August 1st. Jefferies Financial Group set a $37.00 target price on shares of U.S. Silica and gave the stock a “buy” rating in a report on Wednesday, August 1st. Seaport Global Securities reaffirmed a “buy” rating and issued a $46.00 target price on shares of U.S. Silica in a report on Thursday, August 2nd. Credit Suisse Group upped their target price on shares of U.S. Silica from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, August 1st. Finally, KeyCorp lowered their target price on shares of U.S. Silica from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $39.18.

U.S. Silica Company Profile

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; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.

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

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