Insider Buying: U.S. Silica Holdings Inc (SLCA) COO Acquires $27,960.00 in Stock

U.S. Silica Holdings Inc (NYSE:SLCA) COO Michael L. Winkler bought 2,000 shares of the stock in a transaction dated Friday, October 26th. The shares were purchased at an average cost of $13.98 per share, for a total transaction of $27,960.00. Following the completion of the purchase, the chief operating officer now owns 47,290 shares in the company, valued at $661,114.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

SLCA stock opened at $14.00 on Thursday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 0.57 and a beta of 2.15. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.75 and a quick ratio of 2.15. U.S. Silica Holdings Inc has a 12 month low of $12.89 and a 12 month high of $38.70.

U.S. Silica (NYSE:SLCA) last released its quarterly earnings data on Tuesday, October 23rd. The mining company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.15). The business had revenue of $423.17 million during the quarter, compared to analyst estimates of $461.37 million. U.S. Silica had a net margin of 8.05% and a return on equity of 12.40%. The firm’s revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS. On average, sell-side analysts expect that U.S. Silica Holdings Inc will post 1.75 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC acquired a new stake in U.S. Silica in the 2nd quarter valued at about $267,000. Cypress Capital Management LLC WY acquired a new stake in U.S. Silica in the 2nd quarter valued at about $183,000. Private Advisor Group LLC acquired a new stake in U.S. Silica in the 2nd quarter valued at about $200,000. WINTON GROUP Ltd acquired a new stake in U.S. Silica in the 1st quarter valued at about $204,000. Finally, Tower Research Capital LLC TRC raised its holdings in U.S. Silica by 2,190.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,162 shares of the mining company’s stock valued at $235,000 after acquiring an additional 8,762 shares during the last quarter.

SLCA has been the topic of several recent analyst reports. Guggenheim lowered shares of U.S. Silica from a “buy” rating to a “neutral” rating in a research note on Friday, July 6th. Morgan Stanley lowered shares of U.S. Silica from an “overweight” rating to an “equal weight” rating and set a $43.00 target price on the stock. in a research note on Thursday, July 12th. KeyCorp lowered their target price on shares of U.S. Silica from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, July 27th. Credit Suisse Group increased their target price on shares of U.S. Silica from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 1st. Finally, Seaport Global Securities reissued a “buy” rating and set a $46.00 target price on shares of U.S. Silica in a research note on Thursday, August 2nd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $26.05.

About U.S. Silica

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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