Federated Hermes Inc. Sells 20,632 Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA)

Federated Hermes Inc. trimmed its holdings in U.S. Silica Holdings, Inc. (NYSE:SLCA) by 3.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 623,902 shares of the mining company’s stock after selling 20,632 shares during the quarter. Federated Hermes Inc.’s holdings in U.S. Silica were worth $7,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Pacer Advisors Inc. raised its stake in shares of U.S. Silica by 90.4% during the 4th quarter. Pacer Advisors Inc. now owns 3,817,279 shares of the mining company’s stock valued at $43,173,000 after purchasing an additional 1,811,951 shares during the period. Invesco Ltd. increased its position in shares of U.S. Silica by 7.2% during the third quarter. Invesco Ltd. now owns 1,138,152 shares of the mining company’s stock valued at $15,980,000 after buying an additional 76,477 shares during the period. American Century Companies Inc. increased its position in shares of U.S. Silica by 12.4% during the third quarter. American Century Companies Inc. now owns 1,040,426 shares of the mining company’s stock valued at $14,608,000 after buying an additional 114,579 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of U.S. Silica by 103.7% in the third quarter. Assenagon Asset Management S.A. now owns 810,506 shares of the mining company’s stock worth $11,380,000 after buying an additional 412,583 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of U.S. Silica by 3.7% in the third quarter. Wellington Management Group LLP now owns 777,361 shares of the mining company’s stock valued at $10,914,000 after acquiring an additional 27,700 shares during the period. Institutional investors own 87.77% of the company’s stock.

U.S. Silica Price Performance

Shares of NYSE:SLCA opened at $12.86 on Thursday. The company has a 50 day moving average of $12.15 and a 200 day moving average of $11.64. U.S. Silica Holdings, Inc. has a 12 month low of $10.09 and a 12 month high of $14.64. The company has a current ratio of 3.23, a quick ratio of 2.43 and a debt-to-equity ratio of 0.96. The stock has a market cap of $1.00 billion, a P/E ratio of 6.87 and a beta of 2.23.

U.S. Silica (NYSE:SLCA) last issued its earnings results on Tuesday, February 27th. The mining company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The business had revenue of $336.00 million during the quarter, compared to analyst estimates of $343.72 million. U.S. Silica had a return on equity of 18.56% and a net margin of 9.47%. U.S. Silica’s revenue for the quarter was down 18.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. As a group, sell-side analysts forecast that U.S. Silica Holdings, Inc. will post 1.17 EPS for the current fiscal year.

Insider Activity at U.S. Silica

In other U.S. Silica news, EVP James Derek Ussery sold 46,433 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were 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 directly owns 174,772 shares in the company, valued at $2,446,808. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP James Derek Ussery sold 46,433 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Stacy Russell sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $12.00, for a total transaction of $240,000.00. Following the completion of the transaction, the executive vice president now owns 186,752 shares in the company, valued at approximately $2,241,024. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

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.