Catalyst Capital Advisors LLC raised its stake in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 29.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 176,054 shares of the mining company’s stock after buying an additional 40,161 shares during the period. Catalyst Capital Advisors LLC owned about 0.22% of U.S. Silica Holdings worth $6,248,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Howard Hughes Medical Institute acquired a new position in U.S. Silica Holdings during the first quarter valued at about $106,000. Tyers Asset Management LLC boosted its position in U.S. Silica Holdings by 11.0% in the first quarter. Tyers Asset Management LLC now owns 2,256 shares of the mining company’s stock valued at $108,000 after buying an additional 224 shares during the period. Welch Group LLC acquired a new position in U.S. Silica Holdings during the first quarter valued at about $113,000. Elkfork Partners LLC boosted its position in U.S. Silica Holdings by 11.0% in the first quarter. Elkfork Partners LLC now owns 3,102 shares of the mining company’s stock valued at $149,000 after buying an additional 308 shares during the period. Finally, Creative Planning boosted its position in U.S. Silica Holdings by 4.9% in the first quarter. Creative Planning now owns 3,332 shares of the mining company’s stock valued at $160,000 after buying an additional 156 shares during the period.
Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) opened at 25.44 on Friday. U.S. Silica Holdings, Inc. has a 12-month low of $24.99 and a 12-month high of $61.49. The company has a market capitalization of $2.07 billion, a P/E ratio of 145.37 and a beta of 2.33. The firm has a 50-day moving average price of $30.78 and a 200 day moving average price of $41.93.
U.S. Silica Holdings (NYSE:SLCA) last announced its quarterly earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The business had revenue of $290.50 million for the quarter, compared to the consensus estimate of $316.43 million. During the same period last year, the business posted ($0.17) EPS. The business’s revenue was up 148.3% compared to the same quarter last year. On average, equities research analysts predict that U.S. Silica Holdings, Inc. will post $1.53 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be issued a $0.063 dividend. 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 dividend on an annualized basis and a dividend yield of 0.99%. U.S. Silica Holdings’s dividend payout ratio (DPR) is currently 192.31%.
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Several research firms have recently issued reports on SLCA. Evercore ISI began coverage on U.S. Silica Holdings in a research note on Thursday, May 25th. They set an “outperform” rating and a $48.00 target price on the stock. Zacks Investment Research raised U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Saturday, April 29th. BidaskClub raised U.S. Silica Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC set a $65.00 target price on U.S. Silica Holdings and gave the company a “buy” rating in a research note on Wednesday, April 26th. Finally, Royal Bank Of Canada set a $60.00 target price on U.S. Silica Holdings and gave the company a “buy” rating in a research note on Saturday, July 1st. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. U.S. Silica Holdings has a consensus rating of “Buy” and an average price target of $52.01.
U.S. Silica Holdings Company 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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