U.S. Silica (NYSE:SLCA) Trading 2.9% Higher

U.S. Silica Holdings, Inc. (NYSE:SLCAGet Free Report)’s stock price was up 2.9% during mid-day trading on Wednesday . The stock traded as high as $13.06 and last traded at $13.05. Approximately 63,054 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 834,679 shares. The stock had previously closed at $12.68.

U.S. Silica Trading Up 7.6 %

The firm has a fifty day simple moving average of $11.41 and a 200-day simple moving average of $11.70. The firm has a market cap of $1.07 billion, a P/E ratio of 7.21 and a beta of 2.23. The company has a debt-to-equity ratio of 0.96, a current ratio of 3.23 and a quick ratio of 2.43.

U.S. Silica (NYSE:SLCAGet Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The mining company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The business had revenue of $336.00 million for the quarter, compared to analyst estimates of $343.72 million. U.S. Silica had a return on equity of 18.56% and a net margin of 9.47%. The company’s quarterly revenue was down 18.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. On average, equities research analysts expect that U.S. Silica Holdings, Inc. will post 1.17 earnings per share for the current year.

Insiders Place Their Bets

In other U.S. Silica news, EVP Stacy Russell sold 20,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $12.00, for a total value of $240,000.00. Following the transaction, the executive vice president now owns 186,752 shares in the company, valued at $2,241,024. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of U.S. Silica

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in shares of U.S. Silica in the fourth quarter worth approximately $41,000. Tower Research Capital LLC TRC raised its stake in shares of U.S. Silica by 262.4% in the second quarter. Tower Research Capital LLC TRC now owns 4,439 shares of the mining company’s stock worth $54,000 after purchasing an additional 3,214 shares during the last quarter. Quarry LP raised its stake in shares of U.S. Silica by 164.1% in the first quarter. Quarry LP now owns 5,003 shares of the mining company’s stock worth $60,000 after purchasing an additional 3,109 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in shares of U.S. Silica in the first quarter worth approximately $73,000. Finally, Captrust Financial Advisors raised its stake in shares of U.S. Silica by 60.4% in the first quarter. Captrust Financial Advisors now owns 6,737 shares of the mining company’s stock worth $126,000 after purchasing an additional 2,538 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

About U.S. Silica

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U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. It operates through two segments: Oil & Gas Proppants and Industrial & Specialty Products. The company offers whole grain commercial silica products to be used as frac for oil and natural gas recovery, as well as sells its whole grain silica products for the manufacturing of glass products.

Further Reading

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