nVerses Capital LLC Makes New $49,000 Investment in United States Lime & Minerals, Inc. (NASDAQ:USLM)

nVerses Capital LLC bought a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 500 shares of the construction company’s stock, valued at approximately $49,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of USLM. The Manufacturers Life Insurance Company increased its position in United States Lime & Minerals by 19.0% in the second quarter. The Manufacturers Life Insurance Company now owns 1,361 shares of the construction company’s stock worth $496,000 after purchasing an additional 217 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in United States Lime & Minerals by 478.1% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,428 shares of the construction company’s stock worth $530,000 after acquiring an additional 4,489 shares in the last quarter. Fiduciary Alliance LLC bought a new stake in United States Lime & Minerals during the third quarter worth $208,000. SG Americas Securities LLC grew its position in shares of United States Lime & Minerals by 5.3% in the 3rd quarter. SG Americas Securities LLC now owns 5,885 shares of the construction company’s stock valued at $575,000 after acquiring an additional 298 shares during the period. Finally, Aptus Capital Advisors LLC bought a new stake in shares of United States Lime & Minerals in the 2nd quarter valued at about $1,685,000. 27.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded United States Lime & Minerals from a “hold” rating to a “buy” rating in a research note on Tuesday.

United States Lime & Minerals Stock Down 0.7 %

NASDAQ USLM opened at $103.01 on Wednesday. The company has a market capitalization of $2.95 billion, a P/E ratio of 34.15 and a beta of 0.85. The firm has a 50-day moving average price of $88.22 and a two-hundred day moving average price of $76.82. United States Lime & Minerals, Inc. has a 12-month low of $37.11 and a 12-month high of $105.59.

United States Lime & Minerals (NASDAQ:USLM) last released its earnings results on Wednesday, July 31st. The construction company reported $0.91 earnings per share for the quarter. United States Lime & Minerals had a return on equity of 21.21% and a net margin of 29.87%. The firm had revenue of $76.55 million during the quarter.

United States Lime & Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.19%. United States Lime & Minerals’s payout ratio is 6.63%.

Insider Buying and Selling at United States Lime & Minerals

In other news, Director Richard W. Cardin sold 12,000 shares of the company’s 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 completion of the sale, the director now owns 14,300 shares of the company’s stock, valued at approximately $1,113,684. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.16% of the company’s stock.

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.