Royce & Associates LP Has $13.86 Million Stake in U.S. Silica Holdings Inc (SLCA)
Royce & Associates LP raised its stake in U.S. Silica Holdings Inc (NYSE:SLCA) by 34.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 735,956 shares of the mining company’s stock after acquiring an additional 190,000 shares during the quarter. Royce & Associates LP owned approximately 0.95% of U.S. Silica worth $13,858,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ClariVest Asset Management LLC raised its holdings in shares of U.S. Silica by 11.1% in the second quarter. ClariVest Asset Management LLC now owns 26,100 shares of the mining company’s stock worth $671,000 after acquiring an additional 2,600 shares during the last quarter. US Bancorp DE increased its stake in U.S. Silica by 11.7% in the second quarter. US Bancorp DE now owns 26,363 shares of the mining company’s stock valued at $677,000 after purchasing an additional 2,769 shares during the last quarter. Bruni J V & Co. Co. increased its stake in U.S. Silica by 0.8% in the second quarter. Bruni J V & Co. Co. now owns 421,847 shares of the mining company’s stock valued at $10,837,000 after purchasing an additional 3,367 shares during the last quarter. Raymond James & Associates increased its stake in U.S. Silica by 11.8% in the second quarter. Raymond James & Associates now owns 32,917 shares of the mining company’s stock valued at $846,000 after purchasing an additional 3,475 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in U.S. Silica by 10.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 42,834 shares of the mining company’s stock valued at $1,100,000 after purchasing an additional 4,003 shares during the last quarter.
In related news, EVP Bradford B. Casper bought 1,500 shares of the firm’s stock in a transaction dated Friday, September 28th. The stock was bought at an average price of $18.96 per share, with a total value of $28,440.00. Following the completion of the transaction, the executive vice president now directly owns 18,552 shares of the company’s stock, valued at $351,745.92. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Bryan Adair Shinn bought 2,200 shares of the firm’s stock in a transaction dated Thursday, September 27th. The stock was bought at an average cost of $18.45 per share, with a total value of $40,590.00. Following the transaction, the chief executive officer now directly owns 126,243 shares of the company’s stock, valued at $2,329,183.35. The disclosure for this purchase can be found here. Insiders bought 11,614 shares of company stock valued at $206,525 in the last ninety days. Company insiders own 1.40% of the company’s stock.
U.S. Silica (NYSE:SLCA) last issued its earnings results on Tuesday, October 23rd. The mining company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.15). U.S. Silica had a return on equity of 12.40% and a net margin of 8.05%. The company had revenue of $423.17 million during the quarter, compared to analysts’ expectations of $461.37 million. During the same period in the previous year, the company earned $0.53 EPS. U.S. Silica’s quarterly revenue was up 22.7% on a year-over-year basis. Research analysts predict that U.S. Silica Holdings Inc will post 1.6 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Friday, December 14th will be given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, December 13th. U.S. Silica’s payout ratio is 16.67%.
Several equities analysts recently commented on the company. Johnson Rice lowered U.S. Silica from a “buy” rating to an “accumulate” rating and set a $30.00 target price for the company. in a research note on Monday, August 20th. Royal Bank of Canada lowered U.S. Silica from an “outperform” rating to a “sector perform” rating and set a $24.00 price target for the company. in a research note on Thursday, September 20th. Stifel Nicolaus assumed coverage on U.S. Silica in a research note on Monday, September 10th. They set a “buy” rating and a $26.00 price target for the company. B. Riley dropped their price target on U.S. Silica from $36.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, September 6th. Finally, Barclays dropped their price target on U.S. Silica from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, October 24th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $24.89.
U.S. Silica Profile
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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