U.S. Silica (NYSE:SLCA) Reaches New 52-Week High at $15.71

Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $15.71 and last traded at $15.67, with a volume of 4881248 shares changing hands. The stock had previously closed at $13.06.

U.S. Silica Price Performance

The company has a 50 day moving average of $12.35 and a 200-day moving average of $11.68. The company has a quick ratio of 2.43, a current ratio of 3.23 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $1.24 billion, a P/E ratio of 8.50 and a beta of 2.23.

U.S. Silica (NYSE:SLCA) last announced its quarterly earnings results on Friday, April 26th. The mining company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. U.S. Silica had a return on equity of 18.56% and a net margin of 9.47%. The business had revenue of $325.90 million for the quarter, compared to the consensus estimate of $336.59 million. During the same quarter last year, the business posted $0.64 EPS. The business’s revenue was down 26.3% on a year-over-year basis. Sell-side analysts predict that U.S. Silica Holdings, Inc. will post 1.17 EPS for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Diversified Trust Co acquired a new position in U.S. Silica in the first quarter worth approximately $186,000. GAMMA Investing LLC lifted its stake in shares of U.S. Silica by 25.8% in the first quarter. GAMMA Investing LLC now owns 4,773 shares of the mining company’s stock valued at $59,000 after buying an additional 978 shares during the period. HighPoint Advisor Group LLC acquired a new stake in shares of U.S. Silica during the 4th quarter worth approximately $213,000. Quadrature Capital Ltd boosted its stake in U.S. Silica by 68.4% during the fourth quarter. Quadrature Capital Ltd now owns 18,665 shares of the mining company’s stock worth $211,000 after buying an additional 7,580 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in U.S. Silica by 6.0% in the fourth quarter. Wellington Management Group LLP now owns 823,696 shares of the mining company’s stock valued at $9,316,000 after acquiring an additional 46,335 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.