Richard W. Cardin Sells 500 Shares of United States Lime & Minerals Inc (NASDAQ:USLM) Stock

United States Lime & Minerals Inc (NASDAQ:USLM) Director Richard W. Cardin sold 500 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $100.51, for a total transaction of $50,255.00. Following the sale, the director now owns 3,266 shares of the company’s stock, valued at $328,265.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ USLM opened at $103.01 on Thursday. The firm has a market cap of $577.39 million, a PE ratio of 22.91 and a beta of 0.58. United States Lime & Minerals Inc has a 12-month low of $68.20 and a 12-month high of $104.00. The company’s fifty day simple moving average is $90.06 and its 200 day simple moving average is $82.84. The company has a quick ratio of 9.33, a current ratio of 10.51 and a debt-to-equity ratio of 0.01.

The business also recently announced a dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $5.35 per share. The ex-dividend date of this dividend is Thursday, December 5th. This is a positive change from United States Lime & Minerals’s previous dividend of $0.13.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can boosted its stake in United States Lime & Minerals by 92.9% during the second quarter. Bank of Montreal Can now owns 351 shares of the construction company’s stock worth $29,000 after acquiring an additional 169 shares in the last quarter. Garrett Wealth Advisory Group LLC bought a new position in shares of United States Lime & Minerals in the third quarter valued at $38,000. Aperio Group LLC bought a new position in shares of United States Lime & Minerals in the second quarter valued at $81,000. Rhumbline Advisers lifted its stake in shares of United States Lime & Minerals by 8.1% in the third quarter. Rhumbline Advisers now owns 3,203 shares of the construction company’s stock valued at $245,000 after buying an additional 241 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of United States Lime & Minerals by 5.8% in the third quarter. California Public Employees Retirement System now owns 4,371 shares of the construction company’s stock valued at $334,000 after buying an additional 240 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

USLM has been the subject of several recent analyst reports. BidaskClub upgraded shares of United States Lime & Minerals from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 21st. ValuEngine lowered shares of United States Lime & Minerals from a “hold” rating to a “sell” rating in a research note on Monday, November 4th.

About United States Lime & Minerals

United States Lime & Minerals, Inc manufactures and supplies lime and limestone products in the United States. It operates through two segments, Lime and Limestone Operations, and Natural Gas Interests. The Lime and Limestone Operations segment extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry.

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