Farther Finance Advisors LLC Buys 279 Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM)

Farther Finance Advisors LLC boosted its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 900.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 310 shares of the construction company’s stock after purchasing an additional 279 shares during the period. Farther Finance Advisors LLC’s holdings in United States Lime & Minerals were worth $30,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its stake in shares of United States Lime & Minerals by 1.2% in the 2nd quarter. Renaissance Technologies LLC now owns 158,910 shares of the construction company’s stock worth $57,872,000 after purchasing an additional 1,900 shares in the last quarter. Vanguard Group Inc. increased its position in United States Lime & Minerals by 2.3% in the first quarter. Vanguard Group Inc. now owns 114,041 shares of the construction company’s stock worth $34,000,000 after buying an additional 2,526 shares in the last quarter. Cardinal Capital Management raised its stake in shares of United States Lime & Minerals by 422.8% in the third quarter. Cardinal Capital Management now owns 58,666 shares of the construction company’s stock worth $5,729,000 after buying an additional 47,444 shares during the period. William Blair Investment Management LLC purchased a new position in shares of United States Lime & Minerals during the 2nd quarter valued at about $21,119,000. Finally, Bank of New York Mellon Corp grew its stake in shares of United States Lime & Minerals by 5.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,553 shares of the construction company’s stock valued at $6,392,000 after acquiring an additional 869 shares during the period. Institutional investors own 27.12% of the company’s stock.

Insider Buying and Selling at United States Lime & Minerals

In other news, Director Richard W. Cardin sold 12,000 shares of United States Lime & Minerals stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $77.88, for a total transaction of $934,560.00. Following the sale, the director now owns 14,300 shares in the company, valued at $1,113,684. This trade represents a 45.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Nathan O’neill sold 1,750 shares of United States Lime & Minerals stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $139.73, for a total transaction of $244,527.50. Following the sale, the vice president now owns 7,880 shares in the company, valued at approximately $1,101,072.40. The trade was a 18.17 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.16% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of United States Lime & Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd.

United States Lime & Minerals Price Performance

Shares of NASDAQ:USLM opened at $141.21 on Friday. United States Lime & Minerals, Inc. has a 1-year low of $40.66 and a 1-year high of $146.70. The company has a market capitalization of $4.04 billion, a P/E ratio of 40.99 and a beta of 0.82. The firm’s 50 day simple moving average is $102.88 and its two-hundred day simple moving average is $83.89.

United States Lime & Minerals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend is Friday, November 22nd. United States Lime & Minerals’s dividend payout ratio is currently 5.80%.

United States Lime & Minerals Profile

United States Lime & Minerals, Inc manufactures and supplies lime and limestone products in the United States. It extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry. The company supplies its products primarily to the construction customers, including highway, road, and building contractors; industrial customers, such as paper and glass manufacturers; environmental customers comprising municipal sanitation and water treatment facilities, and flue gas treatment processes; oil and gas services companies; roof shingle manufacturers; and poultry producers.