Insider Selling: Bradford B. Casper Sells 2,000 Shares of U.S. Silica Holdings Stock (SLCA)
U.S. Silica Holdings (NASDAQ:SLCA) VP Bradford B. Casper unloaded 2,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 28th. The stock was sold at an average price of $70.23, for a total transaction of $140,460.00. Following the completion of the transaction, the vice president now directly owns 6,000 shares in the company, valued at approximately $421,380. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of U.S. Silica Holdings (NASDAQ:SLCA) traded up 1.54% on Friday, hitting $71.81. The stock had a trading volume of 1,553,662 shares. U.S. Silica Holdings has a one year low of $22.88 and a one year high of $71.29. The stock’s 50-day moving average is $60.23 and its 200-day moving average is $47.46. The company has a market cap of $3.867 billion and a P/E ratio of 44.73. U.S. Silica Holdings also was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 2,887 put options on the company. This represents an increase of approximately 247% compared to the typical daily volume of 833 put options.
U.S. Silica Holdings (NASDAQ:SLCA) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.10. The company had revenue of $205.80 million for the quarter, compared to the consensus estimate of $189.72 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 58.5% on a year-over-year basis. Analysts expect that U.S. Silica Holdings will post $2.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Monday, September 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, September 11th.
A number of analysts have recently weighed in on SLCA shares. Analysts at Howard Weil raised their price target on shares of U.S. Silica Holdings from $60.00 to $70.00 in a research note on Thursday, July 31st. They now have a “sector outperform” rating on the stock. Separately, analysts at Cowen and Company reiterated an “outperform” rating on shares of U.S. Silica Holdings in a research note on Thursday, July 31st. They now have a $67.00 price target on the stock. Finally, analysts at Zacks upgraded shares of U.S. Silica Holdings from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 23rd. They now have a $62.70 price target on the stock. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. U.S. Silica Holdings has a consensus rating of “Buy” and a consensus price target of $60.09.
US Silica Holdings, Inc, is a domestic producer of commercial silica, a specialized mineral. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products.
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