Oregon Public Employees Retirement Fund reduced its position in U.S. Silica Holdings Inc (NYSE:SLCA) by 3.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,420 shares of the mining company’s stock after selling 1,058 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in U.S. Silica were worth $493,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Mercantile Trust Co. purchased a new stake in U.S. Silica in the 4th quarter worth approximately $25,000. Parallel Advisors LLC lifted its holdings in U.S. Silica by 146.2% in the 1st quarter. Parallel Advisors LLC now owns 1,455 shares of the mining company’s stock worth $25,000 after buying an additional 864 shares during the period. Investors Research Corp purchased a new stake in U.S. Silica in the 1st quarter worth approximately $26,000. Public Employees Retirement System of Ohio raised its position in shares of U.S. Silica by 31.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,283 shares of the mining company’s stock worth $33,000 after acquiring an additional 788 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of U.S. Silica in the 4th quarter worth approximately $102,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.
In other U.S. Silica news, Director Charles W. Shaver purchased 10,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were acquired at an average cost of $13.06 per share, with a total value of $130,600.00. Following the completion of the acquisition, the director now directly owns 19,909 shares in the company, valued at $260,011.54. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is owned by company insiders.
Shares of SLCA stock traded up $0.44 on Wednesday, reaching $12.51. The stock had a trading volume of 1,162,215 shares, compared to its average volume of 1,603,890. The firm has a market cap of $887.75 million, a PE ratio of 7.92 and a beta of 2.50. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.33 and a current ratio of 1.77. The stock’s 50 day simple moving average is $11.50. U.S. Silica Holdings Inc has a 1 year low of $9.30 and a 1 year high of $28.08.
U.S. Silica (NYSE:SLCA) last released its earnings results on Wednesday, May 1st. The mining company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. The company had revenue of $378.75 million for the quarter, compared to the consensus estimate of $354.83 million. U.S. Silica had a positive return on equity of 9.28% and a negative net margin of 15.85%. U.S. Silica’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. As a group, sell-side analysts predict that U.S. Silica Holdings Inc will post -0.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.063 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.25 dividend on an annualized basis and a yield of 2.01%. U.S. Silica’s dividend payout ratio is presently 15.82%.
SLCA has been the subject of a number of analyst reports. Seaport Global Securities set a $21.00 price objective on U.S. Silica and gave the company a “buy” rating in a research report on Thursday, April 4th. TheStreet lowered U.S. Silica from a “c” rating to a “d+” rating in a research report on Monday, March 4th. Cowen reaffirmed an “outperform” rating and set a $20.00 price objective (down previously from $22.00) on shares of U.S. Silica in a research report on Thursday, May 2nd. Bank of America set a $15.00 price objective on U.S. Silica and gave the company a “sell” rating in a research report on Thursday, May 2nd. Finally, ValuEngine raised U.S. Silica from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. U.S. Silica has a consensus rating of “Hold” and a consensus price target of $22.53.
U.S. Silica Company Profile
U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.
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