Vaughan Nelson Investment Management L.P. bought a new stake in U.S. Silica Holdings, Inc. (NYSE:SLCA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 647,425 shares of the mining company’s stock, valued at approximately $22,977,000. Vaughan Nelson Investment Management L.P. owned 0.80% of U.S. Silica Holdings at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of U.S. Silica Holdings during the fourth quarter valued at approximately $26,283,000. Emerald Mutual Fund Advisers Trust raised its position in shares of U.S. Silica Holdings by 2,368.0% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 165,359 shares of the mining company’s stock valued at $7,936,000 after buying an additional 158,659 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of U.S. Silica Holdings by 147.5% in the fourth quarter. Macquarie Group Ltd. now owns 520,491 shares of the mining company’s stock valued at $29,501,000 after buying an additional 310,186 shares during the last quarter. Chevy Chase Trust Holdings Inc. purchased a new position in shares of U.S. Silica Holdings during the first quarter valued at approximately $1,200,000. Finally, Emerald Advisers Inc. PA raised its position in shares of U.S. Silica Holdings by 946.1% in the first quarter. Emerald Advisers Inc. PA now owns 265,393 shares of the mining company’s stock valued at $12,736,000 after buying an additional 240,023 shares during the last quarter.
Shares of U.S. Silica Holdings, Inc. (SLCA) opened at 34.98 on Thursday. U.S. Silica Holdings, Inc. has a 12 month low of $30.51 and a 12 month high of $61.49. The firm’s market capitalization is $2.84 billion. The stock’s 50 day moving average price is $34.64 and its 200-day moving average price is $45.26.
U.S. Silica Holdings (NYSE:SLCA) last posted its quarterly earnings results on Monday, April 24th. The mining company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03. The company had revenue of $244.80 million for the quarter, compared to the consensus estimate of $236.88 million. U.S. Silica Holdings had a negative return on equity of 1.94% and a negative net margin of 4.07%. The firm’s quarterly revenue was up 99.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.19) EPS. On average, equities research analysts predict that U.S. Silica Holdings, Inc. will post $1.63 EPS for the current fiscal year.
The firm also recently disclosed a dividend, which was paid on Thursday, July 6th. Investors of record on Thursday, June 15th were paid a dividend of $0.063 per share. The ex-dividend date was Tuesday, June 13th. U.S. Silica Holdings’s payout ratio is presently -59.52%.
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A number of research analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) boosted their price objective on U.S. Silica Holdings from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, May 31st. Zacks Investment Research upgraded U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Wednesday, March 22nd. Citigroup Inc. reduced their price objective on U.S. Silica Holdings from $58.00 to $52.00 and set a “buy” rating for the company in a research report on Friday, June 9th. Jefferies Group LLC restated a “buy” rating and set a $65.00 price objective on shares of U.S. Silica Holdings in a research report on Thursday, July 6th. Finally, Barclays PLC lowered U.S. Silica Holdings from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $56.00 to $45.00 in a research report on Friday, April 21st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $55.25.
About U.S. Silica Holdings
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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