SCP Investment LP Has $771,000 Position in U.S. Silica Holdings Inc (SLCA)
SCP Investment LP cut its holdings in U.S. Silica Holdings Inc (NYSE:SLCA) by 49.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the mining company’s stock after selling 29,600 shares during the period. SCP Investment LP’s holdings in U.S. Silica were worth $771,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LSV Asset Management boosted its holdings in U.S. Silica by 4,355.2% in the 2nd quarter. LSV Asset Management now owns 3,965,084 shares of the mining company’s stock valued at $101,863,000 after purchasing an additional 3,876,084 shares during the period. Senvest Management LLC boosted its holdings in U.S. Silica by 383.2% in the 2nd quarter. Senvest Management LLC now owns 1,779,057 shares of the mining company’s stock valued at $45,704,000 after purchasing an additional 1,410,900 shares during the period. Dimensional Fund Advisors LP boosted its holdings in U.S. Silica by 65.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,372,933 shares of the mining company’s stock valued at $86,077,000 after purchasing an additional 1,331,451 shares during the period. BlackRock Inc. boosted its holdings in U.S. Silica by 6.1% in the 2nd quarter. BlackRock Inc. now owns 11,068,906 shares of the mining company’s stock valued at $284,360,000 after purchasing an additional 634,747 shares during the period. Finally, BlueMountain Capital Management LLC bought a new position in U.S. Silica in the 2nd quarter valued at $16,162,000. 99.21% of the stock is owned by institutional investors.
NYSE SLCA opened at $20.95 on Thursday. U.S. Silica Holdings Inc has a 52-week low of $19.02 and a 52-week high of $38.70. The company has a quick ratio of 2.27, a current ratio of 2.88 and a debt-to-equity ratio of 0.99. The firm has a market cap of $1.57 billion, a PE ratio of 13.97 and a beta of 2.15.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Friday, September 14th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, September 13th. U.S. Silica’s dividend payout ratio is currently 16.67%.
Several research analysts have commented on SLCA shares. ValuEngine downgraded shares of U.S. Silica from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Seaport Global Securities reissued a “buy” rating and issued a $46.00 price target on shares of U.S. Silica in a report on Thursday, August 2nd. Guggenheim downgraded shares of U.S. Silica from a “buy” rating to a “neutral” rating in a report on Friday, July 6th. Wells Fargo & Co downgraded shares of U.S. Silica from an “outperform” rating to a “market perform” rating and set a $32.00 price target for the company. in a report on Friday, June 29th. Finally, Barclays set a $40.00 price target on shares of U.S. Silica and gave the company a “buy” rating in a report on Wednesday, August 1st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. U.S. Silica presently has a consensus rating of “Hold” and an average target price of $36.21.
U.S. Silica Profile
U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.
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