Van ECK Associates Corp cut its stake in U.S. Silica Holdings Inc (NYSE:SLCA) by 24.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,283,243 shares of the mining company’s stock after selling 406,618 shares during the quarter. Van ECK Associates Corp owned about 1.66% of U.S. Silica worth $32,967,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in SLCA. Point72 Asia Hong Kong Ltd purchased a new position in U.S. Silica during the 1st quarter worth $138,000. Cypress Capital Management LLC WY purchased a new position in U.S. Silica during the 2nd quarter worth $183,000. Private Advisor Group LLC purchased a new position in U.S. Silica during the 2nd quarter worth $200,000. WINTON GROUP Ltd purchased a new position in U.S. Silica during the 1st quarter worth $204,000. Finally, PNC Financial Services Group Inc. grew its stake in U.S. Silica by 288.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the mining company’s stock worth $213,000 after buying an additional 6,191 shares during the last quarter. Institutional investors and hedge funds own 99.21% of the company’s stock.
Shares of SLCA opened at $19.41 on Friday. U.S. Silica Holdings Inc has a one year low of $19.02 and a one year high of $38.70. The company has a quick ratio of 2.27, a current ratio of 2.88 and a debt-to-equity ratio of 0.99. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 12.94 and a beta of 2.15.
U.S. Silica (NYSE:SLCA) last issued its quarterly earnings results on Tuesday, July 31st. The mining company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.03). U.S. Silica had a return on equity of 13.14% and a net margin of 10.79%. The firm had revenue of $427.40 million for the quarter, compared to analyst estimates of $455.35 million. During the same period in the prior year, the firm posted $0.38 EPS. The business’s revenue was up 47.1% compared to the same quarter last year. equities research analysts expect that U.S. Silica Holdings Inc will post 2.67 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Shareholders of record on Friday, September 14th will be given a dividend of $0.0625 per share. The ex-dividend date is Thursday, September 13th. This represents a $0.25 dividend on an annualized basis and a yield of 1.29%. U.S. Silica’s dividend payout ratio is currently 16.67%.
Several research analysts recently weighed in on the company. B. Riley dropped their target price on U.S. Silica from $36.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday. Jefferies Financial Group set a $37.00 target price on U.S. Silica and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Seaport Global Securities restated a “buy” rating and set a $46.00 target price on shares of U.S. Silica in a research note on Thursday, August 2nd. ValuEngine downgraded U.S. Silica from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 2nd. Finally, Guggenheim downgraded U.S. Silica from a “buy” rating to a “neutral” rating in a research note on Friday, July 6th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $36.78.
U.S. Silica 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; and resin coated proppants, 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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