U.S. Silica Holdings Inc (SLCA) Director Charles W. Shaver Acquires 3,300 Shares
U.S. Silica Holdings Inc (NYSE:SLCA) Director Charles W. Shaver bought 3,300 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was purchased at an average cost of $33.99 per share, for a total transaction of $112,167.00. Following the completion of the acquisition, the director now owns 29,829 shares in the company, valued at $1,013,887.71. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of U.S. Silica Holdings Inc (NYSE:SLCA) traded up $0.28 during midday trading on Wednesday, hitting $33.91. 1,946,420 shares of the stock were exchanged, compared to its average volume of 2,492,206. The firm has a market cap of $2,733.33, a P/E ratio of 36.98 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. The company has a quick ratio of 3.26, a current ratio of 3.67 and a debt-to-equity ratio of 0.39.
U.S. Silica (NYSE:SLCA) last issued its quarterly earnings results on Monday, November 6th. The mining company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. U.S. Silica had a net margin of 6.24% and a return on equity of 5.73%. The firm had revenue of $345.00 million for the quarter, compared to the consensus estimate of $328.91 million. During the same quarter in the previous year, the company earned ($0.13) EPS. The company’s revenue for the quarter was up 150.5% on a year-over-year basis. sell-side analysts expect that U.S. Silica Holdings Inc will post 1.53 earnings per share for the current year.
U.S. Silica declared that its board has initiated a share buyback plan on Monday, November 6th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the mining company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be given a dividend of $0.063 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.74%. U.S. Silica’s payout ratio is presently 31.25%.
Several equities research analysts recently issued reports on the stock. Seaport Global Securities assumed coverage on shares of U.S. Silica in a report on Friday, December 8th. They set a “buy” rating and a $59.00 price target on the stock. Citigroup lifted their price target on shares of U.S. Silica from $39.00 to $41.00 and gave the company a “buy” rating in a report on Friday, November 10th. Jefferies Group set a $43.00 price target on shares of U.S. Silica and gave the company a “buy” rating in a report on Monday, November 13th. BidaskClub lowered shares of U.S. Silica from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Zacks Investment Research raised shares of U.S. Silica from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a report on Monday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nineteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.50.
Several institutional investors have recently added to or reduced their stakes in SLCA. State Street Corp lifted its position in shares of U.S. Silica by 35.4% during the 2nd quarter. State Street Corp now owns 2,663,238 shares of the mining company’s stock valued at $94,554,000 after acquiring an additional 696,893 shares during the period. SG Capital Management LLC bought a new stake in U.S. Silica during the 3rd quarter valued at $19,881,000. Victory Capital Management Inc. increased its stake in U.S. Silica by 178.7% during the 2nd quarter. Victory Capital Management Inc. now owns 960,863 shares of the mining company’s stock valued at $34,101,000 after purchasing an additional 616,051 shares in the last quarter. Ninepoint Partners LP bought a new stake in U.S. Silica during the 3rd quarter valued at $18,642,000. Finally, Rice Hall James & Associates LLC bought a new stake in U.S. Silica during the 3rd quarter valued at $16,279,000.
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About U.S. Silica
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.
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