GAMMA Investing LLC Purchases 978 Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA)

GAMMA Investing LLC raised its position in shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) by 25.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,773 shares of the mining company’s stock after purchasing an additional 978 shares during the period. GAMMA Investing LLC’s holdings in U.S. Silica were worth $59,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SLCA. Callahan Advisors LLC acquired a new stake in U.S. Silica in the fourth quarter valued at approximately $124,000. Aigen Investment Management LP bought a new stake in U.S. Silica during the 3rd quarter worth $187,000. Victory Capital Management Inc. increased its holdings in U.S. Silica by 26.3% in the 4th quarter. Victory Capital Management Inc. now owns 16,235 shares of the mining company’s stock worth $184,000 after purchasing an additional 3,378 shares in the last quarter. Graham Capital Management L.P. increased its holdings in U.S. Silica by 6.8% in the 3rd quarter. Graham Capital Management L.P. now owns 16,909 shares of the mining company’s stock worth $237,000 after purchasing an additional 1,078 shares in the last quarter. Finally, HighPoint Advisor Group LLC bought a new position in U.S. Silica in the fourth quarter valued at about $213,000. 87.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other U.S. Silica news, EVP James Derek Ussery sold 46,433 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $14.00, for a total transaction of $650,062.00. Following the sale, the executive vice president now owns 174,772 shares of the company’s stock, valued at $2,446,808. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Zach Carusona sold 42,605 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $15.55, for a total transaction of $662,507.75. Following the transaction, the executive vice president now owns 160,929 shares in the company, valued at approximately $2,502,445.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James Derek Ussery sold 46,433 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $14.00, for a total transaction of $650,062.00. Following the completion of the sale, the executive vice president now owns 174,772 shares of the company’s stock, valued at $2,446,808. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Citigroup upped their price objective on U.S. Silica from $13.50 to $15.50 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. StockNews.com began coverage on shares of U.S. Silica in a research note on Sunday. They set a “hold” rating for the company.

U.S. Silica Trading Up 0.9 %

NYSE SLCA opened at $15.38 on Tuesday. U.S. Silica Holdings, Inc. has a 12 month low of $10.09 and a 12 month high of $16.03. The company has a current ratio of 3.62, a quick ratio of 2.74 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $1.20 billion, a PE ratio of 10.46 and a beta of 2.03. The business’s 50-day moving average price is $15.05 and its two-hundred day moving average price is $12.72.

U.S. Silica (NYSE:SLCA) last released its earnings results on Friday, April 26th. The mining company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. U.S. Silica had a net margin of 8.08% and a return on equity of 13.77%. The business had revenue of $325.90 million during the quarter, compared to the consensus estimate of $336.59 million. During the same quarter in the prior year, the firm posted $0.64 EPS. The company’s revenue for the quarter was down 26.3% compared to the same quarter last year. On average, analysts expect that U.S. Silica Holdings, Inc. will post 1.02 EPS for the current year.

About U.S. Silica

U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. It operates through two segments: Oil & Gas Proppants and Industrial & Specialty Products. The company offers whole grain commercial silica products to be used as frac for oil and natural gas recovery, as well as sells its whole grain silica products for the manufacturing of glass products.