Ibex Investors LLC cut its stake in shares of U.S. Silica Holdings Inc (NYSE:SLCA) by 41.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,612 shares of the mining company’s stock after selling 32,492 shares during the quarter. Ibex Investors LLC’s holdings in U.S. Silica were worth $809,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its holdings in shares of U.S. Silica by 59.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 53,074 shares of the mining company’s stock valued at $921,000 after acquiring an additional 19,805 shares during the last quarter. Everence Capital Management Inc. bought a new position in U.S. Silica during the first quarter worth about $237,000. Bruni J V & Co. Co. increased its position in U.S. Silica by 0.6% during the first quarter. Bruni J V & Co. Co. now owns 577,953 shares of the mining company’s stock worth $10,033,000 after acquiring an additional 3,489 shares during the period. Parallel Advisors LLC increased its position in U.S. Silica by 146.2% during the first quarter. Parallel Advisors LLC now owns 1,455 shares of the mining company’s stock worth $25,000 after acquiring an additional 864 shares during the period. Finally, Zeke Capital Advisors LLC increased its position in U.S. Silica by 52.3% during the first quarter. Zeke Capital Advisors LLC now owns 22,612 shares of the mining company’s stock worth $393,000 after acquiring an additional 7,761 shares during the period.
A number of equities analysts recently commented on the stock. ValuEngine lowered shares of U.S. Silica from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st. Bank of America set a $15.00 price target on shares of U.S. Silica and gave the stock a “sell” rating in a report on Thursday, May 2nd. Cowen restated an “outperform” rating and issued a $23.00 price objective (up from $17.00) on shares of U.S. Silica in a research note on Wednesday, February 20th. Stifel Nicolaus set a $18.00 price objective on U.S. Silica and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, B. Riley set a $19.00 price objective on U.S. Silica and gave the company a “buy” rating in a research note on Friday, February 22nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $22.53.
Shares of SLCA traded down $0.23 during midday trading on Wednesday, hitting $12.92. 14,499 shares of the company traded hands, compared to its average volume of 1,591,812. U.S. Silica Holdings Inc has a one year low of $9.30 and a one year high of $34.34. The stock has a market cap of $923.83 million, a PE ratio of 8.09 and a beta of 2.34. The company has a quick ratio of 1.33, a current ratio of 1.77 and a debt-to-equity ratio of 1.35.
U.S. Silica (NYSE:SLCA) last announced its quarterly earnings results on Wednesday, May 1st. The mining company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. U.S. Silica had a positive return on equity of 9.28% and a negative net margin of 15.85%. The firm had revenue of $378.75 million for the quarter, compared to analysts’ expectations of $354.83 million. During the same period in the prior year, the business posted $0.54 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. Analysts expect that U.S. Silica Holdings Inc will post -0.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, June 13th. U.S. Silica’s dividend payout ratio is presently 15.82%.
In related news, Director Charles W. Shaver purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were purchased at an average cost of $13.06 per share, for a total transaction of $130,600.00. Following the completion of the transaction, the director now directly owns 19,909 shares in the company, valued at approximately $260,011.54. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.
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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, 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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