U.S. Silica Sees Unusually High Options Volume (NYSE:SLCA)
U.S. Silica Holdings Inc (NYSE:SLCA) saw unusually large options trading activity on Monday. Stock traders purchased 980 put options on the company. This represents an increase of approximately 1,053% compared to the typical volume of 85 put options.
In related news, Director Charles W. Shaver bought 10,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average price of $5.37 per share, for a total transaction of $53,700.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 25,000 shares of company stock valued at $126,790. Insiders own 2.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Chilton Capital Management LLC raised its position in shares of U.S. Silica by 8.9% during the second quarter. Chilton Capital Management LLC now owns 12,276 shares of the mining company’s stock valued at $157,000 after buying an additional 1,000 shares during the last quarter. CoreCommodity Management LLC lifted its position in shares of U.S. Silica by 5.6% in the 2nd quarter. CoreCommodity Management LLC now owns 19,355 shares of the mining company’s stock worth $248,000 after acquiring an additional 1,031 shares during the period. Arizona State Retirement System grew its holdings in shares of U.S. Silica by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 114,096 shares of the mining company’s stock worth $1,459,000 after purchasing an additional 1,248 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of U.S. Silica by 29.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,639 shares of the mining company’s stock worth $72,000 after purchasing an additional 1,269 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of U.S. Silica by 81.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,235 shares of the mining company’s stock valued at $41,000 after purchasing an additional 1,450 shares during the period. Institutional investors and hedge funds own 98.69% of the company’s stock.
U.S. Silica (NYSE:SLCA) last posted its earnings results on Tuesday, October 29th. The mining company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). The firm had revenue of $361.81 million during the quarter, compared to analyst estimates of $392.08 million. U.S. Silica had a negative net margin of 19.58% and a positive return on equity of 2.52%. The business’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. As a group, research analysts predict that U.S. Silica will post -0.86 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a $0.063 dividend. This represents a $0.25 annualized dividend and a dividend yield of 4.66%. The ex-dividend date is Thursday, December 12th. U.S. Silica’s dividend payout ratio is currently 15.82%.
Several research firms have commented on SLCA. Morgan Stanley decreased their target price on shares of U.S. Silica from $15.00 to $10.00 and set an “underweight” rating for the company in a research report on Monday, October 7th. Barclays lowered shares of U.S. Silica from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $11.00 to $3.00 in a research note on Thursday, October 31st. Piper Jaffray Companies cut shares of U.S. Silica from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $10.50 to $5.50 in a report on Wednesday, October 30th. ValuEngine raised shares of U.S. Silica from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, R. F. Lafferty lowered U.S. Silica from a “buy” rating to a “hold” rating and cut their target price for the company from $14.00 to $8.00 in a report on Tuesday, September 10th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $14.37.
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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