United States Lime & Minerals Inc (NASDAQ:USLM) Short Interest Down 8.6% in December

United States Lime & Minerals Inc (NASDAQ:USLM) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 11,700 shares, a drop of 8.6% from the December 15th total of 12,800 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 8,400 shares, the short-interest ratio is presently 1.4 days.

In related news, CEO Timothy W. Byrne sold 3,000 shares of United States Lime & Minerals stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $85.38, for a total value of $256,140.00. Following the completion of the sale, the chief executive officer now owns 37,008 shares in the company, valued at approximately $3,159,743.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard W. Cardin sold 500 shares of United States Lime & Minerals stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $100.51, for a total transaction of $50,255.00. Following the completion of the sale, the director now owns 3,266 shares of the company’s stock, valued at approximately $328,265.66. The disclosure for this sale can be found here. Insiders have sold a total of 3,800 shares of company stock valued at $336,395 in the last 90 days. Insiders own 2.54% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in USLM. Russell Investments Group Ltd. purchased a new stake in shares of United States Lime & Minerals during the 2nd quarter worth $513,000. Bank of Montreal Can lifted its position in shares of United States Lime & Minerals by 92.9% during the 2nd quarter. Bank of Montreal Can now owns 351 shares of the construction company’s stock worth $29,000 after purchasing an additional 169 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of United States Lime & Minerals by 11.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 12,642 shares of the construction company’s stock worth $1,012,000 after purchasing an additional 1,319 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of United States Lime & Minerals by 0.4% during the 2nd quarter. Renaissance Technologies LLC now owns 225,260 shares of the construction company’s stock worth $18,021,000 after purchasing an additional 915 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of United States Lime & Minerals by 1.7% during the 2nd quarter. Northern Trust Corp now owns 36,072 shares of the construction company’s stock worth $2,886,000 after purchasing an additional 620 shares during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on the stock. BidaskClub downgraded shares of United States Lime & Minerals from a “buy” rating to a “hold” rating in a research note on Monday, December 16th. ValuEngine downgraded shares of United States Lime & Minerals from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th.

NASDAQ:USLM opened at $93.92 on Wednesday. The company has a fifty day simple moving average of $92.50 and a two-hundred day simple moving average of $84.58. The company has a market cap of $510.76 million, a price-to-earnings ratio of 20.27 and a beta of 0.57. The company has a quick ratio of 9.33, a current ratio of 10.51 and a debt-to-equity ratio of 0.01. United States Lime & Minerals has a 52 week low of $68.20 and a 52 week high of $104.00.

United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $1.76 EPS for the quarter. The business had revenue of $43.56 million during the quarter. United States Lime & Minerals had a net margin of 16.32% and a return on equity of 10.92%.

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $5.35 per share. This is a boost from United States Lime & Minerals’s previous dividend of $0.13. The ex-dividend date of this dividend was Thursday, December 5th.

United States Lime & Minerals Company Profile

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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