Dean Capital Management Invests $1.53 Million in U.S. Silica Holdings Inc (SLCA) Stock
Dean Capital Management acquired a new position in U.S. Silica Holdings Inc (NYSE:SLCA) in the second quarter, HoldingsChannel.com reports. The firm acquired 59,575 shares of the mining company’s stock, valued at approximately $1,530,000.
Other hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd purchased a new stake in U.S. Silica in the 1st quarter worth approximately $138,000. Cornerstone Wealth Management LLC purchased a new stake in U.S. Silica in the 2nd quarter worth approximately $267,000. Cypress Capital Management LLC WY purchased a new stake in U.S. Silica in the 2nd quarter worth approximately $183,000. Private Advisor Group LLC purchased a new stake in U.S. Silica in the 2nd quarter worth approximately $200,000. Finally, WINTON GROUP Ltd purchased a new stake in U.S. Silica in the 1st quarter worth approximately $204,000. Institutional investors own 99.21% of the company’s stock.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of U.S. Silica from a “hold” rating to a “strong sell” rating in a report on Monday, August 20th. Johnson Rice downgraded shares of U.S. Silica from a “buy” rating to an “accumulate” rating and set a $30.00 price target on the stock. in a report on Monday, August 20th. Credit Suisse Group set a $29.00 price target on shares of U.S. Silica and gave the company a “buy” rating in a report on Tuesday, August 28th. R. F. Lafferty cut their price target on shares of U.S. Silica from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, August 27th. Finally, Wells Fargo & Co downgraded shares of U.S. Silica from an “outperform” rating to a “market perform” rating and set a $32.00 price target on the stock. in a report on Friday, June 29th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $36.00.
U.S. Silica (NYSE:SLCA) last announced its earnings results on Tuesday, July 31st. The mining company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.03). The firm had revenue of $427.40 million during the quarter, compared to the consensus estimate of $455.35 million. U.S. Silica had a return on equity of 13.14% and a net margin of 10.79%. The business’s revenue was up 47.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS. research analysts expect that U.S. Silica Holdings Inc will post 2.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 3rd. Investors of record on Friday, September 14th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.25 annualized dividend and a yield of 1.20%. U.S. Silica’s dividend payout ratio (DPR) is presently 16.67%.
About U.S. Silica
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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