U.S. Silica Holdings Inc (NYSE:SLCA) Director Peter Clark Bernard purchased 600 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was purchased at an average price of $31.16 per share, with a total value of $18,696.00. Following the completion of the transaction, the director now owns 25,106 shares of the company’s stock, valued at $782,302.96. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
U.S. Silica Holdings Inc (NYSE SLCA) opened at $38.00 on Friday. The company has a current ratio of 3.67, a quick ratio of 3.26 and a debt-to-equity ratio of 0.39. U.S. Silica Holdings Inc has a 1-year low of $24.26 and a 1-year high of $61.49. The stock has a market cap of $3,086.66, a PE ratio of 41.76 and a beta of 2.33.
U.S. Silica (NYSE:SLCA) last issued its earnings results on Monday, November 6th. The mining company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $345.00 million for the quarter, compared to analysts’ expectations of $328.91 million. During the same period in the prior year, the business earned ($0.13) EPS. The firm’s quarterly revenue was up 150.5% on a year-over-year basis. equities analysts anticipate that U.S. Silica Holdings Inc will post 1.51 earnings per share for the current year.
U.S. Silica announced that its board has authorized a share repurchase plan on Monday, November 6th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the mining company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were issued a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Thursday, December 14th. U.S. Silica’s dividend payout ratio is currently 31.25%.
A number of brokerages recently weighed in on SLCA. Seaport Global Securities began coverage on shares of U.S. Silica in a research report on Friday, December 8th. They set a “buy” rating and a $59.00 target price for the company. Citigroup upped their target price on shares of U.S. Silica from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Jefferies Group set a $43.00 price objective on shares of U.S. Silica and gave the company a “buy” rating in a research report on Monday, November 13th. BidaskClub lowered shares of U.S. Silica from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Zacks Investment Research upgraded shares of U.S. Silica from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective for the company in a research report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $48.60.
Large investors have recently added to or reduced their stakes in the company. Winch Advisory Services LLC boosted its holdings in shares of U.S. Silica by 109.0% in the 2nd quarter. Winch Advisory Services LLC now owns 4,127 shares of the mining company’s stock valued at $146,000 after buying an additional 2,152 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in U.S. Silica by 69.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,226 shares of the mining company’s stock worth $150,000 after purchasing an additional 1,726 shares in the last quarter. Verde Servicos Internacionais S.A. acquired a new stake in U.S. Silica in the 3rd quarter worth approximately $201,000. Everence Capital Management Inc. boosted its stake in U.S. Silica by 20.5% in the 2nd quarter. Everence Capital Management Inc. now owns 6,050 shares of the mining company’s stock worth $215,000 after purchasing an additional 1,030 shares in the last quarter. Finally, QS Investors LLC boosted its stake in U.S. Silica by 0.3% in the 2nd quarter. QS Investors LLC now owns 6,128 shares of the mining company’s stock worth $217,000 after purchasing an additional 18 shares in the last quarter.
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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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