Walleye Capital LLC Invests $1.26 Million in United States Lime & Minerals, Inc. $USLM

Walleye Capital LLC acquired a new stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,630 shares of the construction company’s stock, valued at approximately $1,258,000.

A number of other institutional investors have also made changes to their positions in USLM. JPMorgan Chase & Co. increased its stake in shares of United States Lime & Minerals by 58.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,964 shares of the construction company’s stock valued at $5,783,000 after purchasing an additional 16,223 shares in the last quarter. Copeland Capital Management LLC boosted its position in United States Lime & Minerals by 22.8% during the fourth quarter. Copeland Capital Management LLC now owns 185,956 shares of the construction company’s stock worth $22,266,000 after purchasing an additional 34,560 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in United States Lime & Minerals by 7.7% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 70,935 shares of the construction company’s stock worth $8,494,000 after purchasing an additional 5,051 shares in the last quarter. Vanguard Group Inc. grew its holdings in United States Lime & Minerals by 6.8% in the fourth quarter. Vanguard Group Inc. now owns 927,176 shares of the construction company’s stock valued at $111,020,000 after purchasing an additional 58,980 shares during the period. Finally, Ellsworth Advisors LLC acquired a new stake in United States Lime & Minerals in the fourth quarter valued at approximately $848,000. 27.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, United States Lime & Minerals presently has a consensus rating of “Hold”.

United States Lime & Minerals Stock Down 0.7%

USLM opened at $106.49 on Friday. The firm’s fifty day simple moving average is $106.45 and its two-hundred day simple moving average is $116.63. United States Lime & Minerals, Inc. has a 52-week low of $94.76 and a 52-week high of $141.43. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 23.46 and a beta of 0.72.

United States Lime & Minerals (NASDAQ:USLM) last released its earnings results on Wednesday, April 29th. The construction company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.14). United States Lime & Minerals had a return on equity of 21.28% and a net margin of 35.40%.The company had revenue of $87.83 million for the quarter, compared to analysts’ expectations of $102.00 million.

United States Lime & Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, May 22nd. United States Lime & Minerals’s payout ratio is 5.29%.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc (NASDAQ:USLM) is a producer and supplier of lime and limestone products in the United States. The company operates quarries and processing facilities across the country, specializing in the extraction and production of quicklime, hydrated lime, limestone aggregates and dolomite for use in steel manufacturing, construction, environmental remediation, agriculture and other industrial applications.

With a network of quarries concentrated in Florida and additional mining and distribution sites in other states, United States Lime & Minerals combines kiln operations and grinding plants to offer a comprehensive range of calcium‐ and magnesium‐based products.