U.S. Silica Holdings, Inc. (SLCA) is Napier Park Global Capital US LP’s 4th Largest Position
Napier Park Global Capital US LP trimmed its stake in U.S. Silica Holdings, Inc. (NYSE:SLCA) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,000 shares of the mining company’s stock after selling 3,000 shares during the period. U.S. Silica Holdings comprises about 7.1% of Napier Park Global Capital US LP’s investment portfolio, making the stock its 4th largest position. Napier Park Global Capital US LP’s holdings in U.S. Silica Holdings were worth $959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently made changes to their positions in SLCA. Oppenheimer Asset Management Inc. acquired a new position in U.S. Silica Holdings in the first quarter worth $508,000. Vanguard Group Inc. boosted its stake in U.S. Silica Holdings by 5.9% in the first quarter. Vanguard Group Inc. now owns 7,077,375 shares of the mining company’s stock worth $339,643,000 after purchasing an additional 397,273 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in U.S. Silica Holdings by 467.4% in the second quarter. BNP Paribas Arbitrage SA now owns 89,781 shares of the mining company’s stock worth $3,186,000 after purchasing an additional 73,959 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in U.S. Silica Holdings in the second quarter worth $22,977,000. Finally, Victory Capital Management Inc. boosted its stake in U.S. Silica Holdings by 178.7% in the second quarter. Victory Capital Management Inc. now owns 960,863 shares of the mining company’s stock worth $34,101,000 after purchasing an additional 616,051 shares in the last quarter.
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A number of equities analysts have commented on the company. Royal Bank Of Canada set a $60.00 price objective on U.S. Silica Holdings and gave the stock a “buy” rating in a research note on Saturday, July 1st. BidaskClub lowered U.S. Silica Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Barclays PLC reissued an “equal weight” rating and issued a $45.00 price objective on shares of U.S. Silica Holdings in a research note on Wednesday, August 2nd. Zacks Investment Research raised U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Thursday, July 27th. Finally, Cowen and Company reduced their price objective on U.S. Silica Holdings from $60.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $51.97.
U.S. Silica Holdings (NYSE:SLCA) last announced its earnings results on Monday, July 31st. The mining company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The firm had revenue of $290.50 million for the quarter, compared to the consensus estimate of $316.43 million. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The business’s quarterly revenue was up 148.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.17) EPS.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.063 per share. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase from U.S. Silica Holdings’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a yield of 0.79%. U.S. Silica Holdings’s payout ratio is presently 192.31%.
U.S. Silica Holdings Profile
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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