U.S. Silica Holdings Inc (NYSE:SLCA) Director William Jennings Kacal bought 20,300 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average price of $25.78 per share, with a total value of $523,334.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
U.S. Silica Holdings Inc (NYSE:SLCA) opened at $26.75 on Wednesday. The company has a market cap of $2,150.00, a PE ratio of 19.96 and a beta of 2.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.86 and a current ratio of 3.29. U.S. Silica Holdings Inc has a one year low of $24.26 and a one year high of $53.93.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Wednesday, March 14th. U.S. Silica’s dividend payout ratio (DPR) is 18.66%.
SLCA has been the subject of several research reports. BidaskClub upgraded shares of U.S. Silica from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. Royal Bank of Canada set a $44.00 target price on shares of U.S. Silica and gave the stock a “buy” rating in a research report on Thursday, December 21st. Credit Suisse Group restated an “outperform” rating and set a $36.00 price target (down from $40.00) on shares of U.S. Silica in a research report on Thursday, February 22nd. Cowen set a $45.00 price target on shares of U.S. Silica and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, B. Riley initiated coverage on shares of U.S. Silica in a research report on Wednesday, December 6th. They set a “buy” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $44.57.
Several large investors have recently modified their holdings of SLCA. Brown Advisory Inc. bought a new position in shares of U.S. Silica during the fourth quarter valued at about $200,000. Granite Springs Asset Management LLC bought a new position in shares of U.S. Silica during the fourth quarter valued at about $215,000. Lee Financial Co bought a new position in shares of U.S. Silica during the fourth quarter valued at about $225,000. Phoenix Investment Adviser LLC bought a new position in shares of U.S. Silica during the fourth quarter valued at about $228,000. Finally, Gabelli Funds LLC bought a new position in shares of U.S. Silica during the fourth quarter valued at about $228,000. 97.69% of the stock is owned by hedge funds and other institutional investors.
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U.S. Silica 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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