Raymond James & Associates decreased its position in shares of U.S. Silica Holdings Inc (NYSE:SLCA) by 40.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,656 shares of the mining company’s stock after selling 12,730 shares during the period. Raymond James & Associates’ holdings in U.S. Silica were worth $190,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of SLCA. BlackRock Inc. raised its holdings in shares of U.S. Silica by 10.0% in the fourth quarter. BlackRock Inc. now owns 11,476,669 shares of the mining company’s stock worth $116,833,000 after buying an additional 1,045,341 shares during the last quarter. Clearbridge Investments LLC purchased a new position in shares of U.S. Silica in the third quarter worth $11,848,000. Macquarie Group Ltd. raised its holdings in shares of U.S. Silica by 35.6% in the third quarter. Macquarie Group Ltd. now owns 1,265,308 shares of the mining company’s stock worth $23,826,000 after buying an additional 332,242 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new position in shares of U.S. Silica in the fourth quarter worth $29,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of U.S. Silica by 7.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,916,698 shares of the mining company’s stock worth $73,750,000 after buying an additional 262,198 shares during the last quarter.
Shares of SLCA stock opened at $17.73 on Thursday. The company has a current ratio of 2.30, a quick ratio of 1.68 and a debt-to-equity ratio of 1.25. U.S. Silica Holdings Inc has a 12 month low of $9.30 and a 12 month high of $34.34. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 11.22 and a beta of 2.42.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from U.S. Silica’s previous quarterly dividend of $0.06. U.S. Silica’s payout ratio is 15.82%.
A number of analysts have recently weighed in on the stock. Seaport Global Securities set a $21.00 price objective on shares of U.S. Silica and gave the stock a “buy” rating in a research note on Thursday, April 4th. ValuEngine upgraded shares of U.S. Silica from a “strong sell” rating to a “sell” rating in a research note on Monday, April 1st. TheStreet lowered shares of U.S. Silica from a “c” rating to a “d+” rating in a research note on Monday, March 4th. B. Riley set a $19.00 price objective on shares of U.S. Silica and gave the stock a “buy” rating in a research note on Friday, February 22nd. Finally, Stifel Nicolaus set a $18.00 target price on shares of U.S. Silica and gave the company a “buy” rating in a research report on Wednesday, February 20th. Three 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 company. The stock has a consensus rating of “Hold” and an average price target of $22.71.
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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, 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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