Insider Selling: John Paul Blanchard Sells 1,573 Shares of U.S. Silica Holdings Stock (SLCA)
U.S. Silica Holdings (NASDAQ:SLCA) VP John Paul Blanchard sold 1,573 shares of U.S. Silica Holdings stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $25.00, for a total value of $39,325.00. Following the transaction, the vice president now directly owns 8,000 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on SLCA shares. Analysts at Howard Weil upgraded shares of U.S. Silica Holdings (NASDAQ:SLCA) from a “sector outperform” rating to a “focus stock” rating in a research note to investors on Wednesday, August 28th. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of U.S. Silica Holdings (NASDAQ:SLCA) in a research note to investors on Wednesday, June 26th. They now have a $27.00 price target on the stock. Finally, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of U.S. Silica Holdings (NASDAQ:SLCA) in a research note to investors on Monday, June 17th.
Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. U.S. Silica Holdings presently has a consensus rating of “Buy” and an average price target of $26.00.
Shares of U.S. Silica Holdings (NASDAQ:SLCA) traded up 0.48% during mid-day trading on Thursday, hitting $25.27. The stock had a trading volume of 619,652 shares. U.S. Silica Holdings has a 1-year low of $12.37 and a 1-year high of $28.50. The stock has a 50-day moving average of $23.24 and a 200-day moving average of $22.34. The company has a market cap of $1.344 billion and a P/E ratio of 17.11.
U.S. Silica Holdings (NASDAQ:SLCA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.02. The company had revenue of $129.80 million for the quarter, compared to the consensus estimate of $133.94 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. Analysts expect that U.S. Silica Holdings will post $1.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be given a dividend of $0.13 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Tuesday, September 17th.
US Silica Holdings, Inc is a silica sand supplier company. The Company is a producer of industrial minerals, including sand proppants, whole grain silica, ground silica, fine ground silica, calcined kaolin clay and aplite clay.
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