GAMMA Investing LLC Makes New Investment in U.S. Silica Holdings, Inc. (NYSE:SLCA)

GAMMA Investing LLC purchased a new stake in U.S. Silica Holdings, Inc. (NYSE:SLCA) in the 4th quarter, Holdings Channel reports. The firm purchased 3,795 shares of the mining company’s stock, valued at approximately $41,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SLCA. TD Asset Management Inc boosted its stake in shares of U.S. Silica by 3.5% during the 3rd quarter. TD Asset Management Inc now owns 26,500 shares of the mining company’s stock valued at $372,000 after buying an additional 900 shares during the last quarter. Graham Capital Management L.P. grew its holdings in U.S. Silica by 6.8% during the 3rd quarter. Graham Capital Management L.P. now owns 16,909 shares of the mining company’s stock worth $237,000 after acquiring an additional 1,078 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of U.S. Silica by 2.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 59,533 shares of the mining company’s stock worth $836,000 after purchasing an additional 1,253 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of U.S. Silica by 7.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,049 shares of the mining company’s stock valued at $267,000 after purchasing an additional 1,291 shares in the last quarter. Finally, Bailard Inc. lifted its position in shares of U.S. Silica by 5.2% during the third quarter. Bailard Inc. now owns 32,404 shares of the mining company’s stock worth $455,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Buying and Selling

In other U.S. Silica news, EVP James Derek Ussery sold 46,433 shares of U.S. Silica stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $14.00, for a total value of $650,062.00. Following the completion of the transaction, the executive vice president now directly owns 174,772 shares in the company, valued at $2,446,808. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other U.S. Silica news, EVP James Derek Ussery sold 46,433 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $14.00, for a total value of $650,062.00. Following the sale, the executive vice president now directly owns 174,772 shares of the company’s stock, valued at $2,446,808. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 directly owns 160,929 shares of the company’s stock, valued at approximately $2,502,445.95. The disclosure for this sale can be found here. Insiders have sold a total of 109,038 shares of company stock worth $1,552,570 over the last quarter. 3.70% of the stock is owned by company insiders.

U.S. Silica Stock Performance

Shares of SLCA opened at $15.51 on Friday. The stock has a market capitalization of $1.21 billion, a PE ratio of 10.55 and a beta of 2.16. The business’s fifty day moving average price is $12.83 and its 200 day moving average price is $11.75. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.62 and a quick ratio of 2.74. U.S. Silica Holdings, Inc. has a 12-month low of $10.09 and a 12-month high of $16.03.

U.S. Silica (NYSE:SLCA) last issued its earnings results on Friday, April 26th. The mining company reported $0.20 earnings per share for the quarter, hitting 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 company had revenue of $325.90 million for the quarter, compared to analysts’ expectations of $336.59 million. During the same period in the prior year, the company earned $0.64 earnings per share. The firm’s revenue was down 26.3% compared to the same quarter last year. Equities research analysts forecast that U.S. Silica Holdings, Inc. will post 1.04 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Citigroup boosted their price objective on U.S. Silica from $13.50 to $15.50 and gave the company a “neutral” rating in a report on Wednesday.

U.S. Silica Profile

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.