Today: Today, U.S. Silica Holdings Inc. (SLCA) Stake Raised by Advisors Asset Management Inc.

Today, U.S. Silica Holdings Inc. (SLCA) Stake Raised by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its position in U.S. Silica Holdings Inc. (NYSE:SLCA) by 454.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,810 shares of the mining company’s stock after buying an additional 13,780 shares during the period. Advisors Asset Management Inc.’s holdings in U.S. Silica Holdings were worth $783,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SLCA. MCF Advisors LLC raised its position in U.S. Silica Holdings by 73.5% in the second quarter. MCF Advisors LLC now owns 2,997 shares of the mining company’s stock worth $103,000 after buying an additional 1,270 shares in the last quarter. Bank of Montreal Can raised its position in U.S. Silica Holdings by 23.6% in the third quarter. Bank of Montreal Can now owns 3,305 shares of the mining company’s stock worth $154,000 after buying an additional 631 shares in the last quarter. Windward Capital Management Co. CA acquired a new position in U.S. Silica Holdings during the third quarter worth approximately $206,000. Panagora Asset Management Inc. acquired a new position in U.S. Silica Holdings during the second quarter worth approximately $153,000. Finally, BlackRock Inc. raised its position in U.S. Silica Holdings by 171.3% in the first quarter. BlackRock Inc. now owns 4,710 shares of the mining company’s stock worth $108,000 after buying an additional 2,974 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

U.S. Silica Holdings Inc. (NYSE:SLCA) traded up 0.38% during trading on Friday, reaching $47.18. The company’s stock had a trading volume of 475,626 shares. U.S. Silica Holdings Inc. has a 52-week low of $13.54 and a 52-week high of $50.44. The stock’s market cap is $3.33 billion. The firm has a 50 day moving average price of $46.99 and a 200-day moving average price of $38.95.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Thursday, December 15th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.25 annualized dividend and a dividend yield of 0.53%. U.S. Silica Holdings’s payout ratio is -29.41%.

A number of equities analysts have commented on the company. Vetr lowered U.S. Silica Holdings from a “strong-buy” rating to a “buy” rating and set a $40.31 price objective on the stock. in a research note on Wednesday, August 3rd. Jefferies Group upped their price target on U.S. Silica Holdings from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Zacks Investment Research raised U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Thursday, November 3rd. Howard Weil upped their price target on U.S. Silica Holdings from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Thursday, August 4th. Finally, Citigroup Inc. upped their price target on U.S. Silica Holdings from $48.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.22.

In other news, EVP Bradford B. Casper sold 12,273 shares of U.S. Silica Holdings stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $45.81, for a total value of $562,226.13. Following the transaction, the executive vice president now owns 18,699 shares in the company, valued at approximately $856,601.19. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David D. Murry sold 6,352 shares of U.S. Silica Holdings stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $45.00, for a total value of $285,840.00. Following the completion of the transaction, the senior vice president now owns 14,839 shares in the company, valued at approximately $667,755. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

U.S. Silica Holdings Company Profile

U.S. Silica Holdings, Inc (U.S. Silica) is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, the Company serves the oil and gas recovery market providing fracturing sand, or frac sand.

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