Prescott Group Capital Management L.L.C. Invests $4.24 Million in U.S. Silica Holdings Inc (SLCA)

Prescott Group Capital Management L.L.C. acquired a new position in U.S. Silica Holdings Inc (NYSE:SLCA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 225,000 shares of the mining company’s stock, valued at approximately $4,237,000. U.S. Silica makes up approximately 0.8% of Prescott Group Capital Management L.L.C.’s portfolio, making the stock its 28th largest position. Prescott Group Capital Management L.L.C. owned approximately 0.29% of U.S. Silica as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. Cypress Capital Management LLC WY bought a new stake in U.S. Silica in the 2nd quarter valued at about $183,000. Gabelli Funds LLC bought a new stake in U.S. Silica in the 3rd quarter valued at about $188,000. Private Advisor Group LLC bought a new stake in U.S. Silica in the 2nd quarter valued at about $200,000. OLD National Bancorp IN bought a new stake in U.S. Silica in the 3rd quarter valued at about $213,000. Finally, Tower Research Capital LLC TRC increased its position in U.S. Silica by 2,190.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,162 shares of the mining company’s stock valued at $235,000 after buying an additional 8,762 shares in the last quarter.

SLCA stock opened at $14.88 on Friday. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 9.92, a P/E/G ratio of 0.67 and a beta of 2.07. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.75 and a quick ratio of 2.15. U.S. Silica Holdings Inc has a 52-week low of $12.89 and a 52-week high of $38.70.

U.S. Silica (NYSE:SLCA) last released its quarterly earnings results on Tuesday, October 23rd. The mining company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.15). The company had revenue of $423.17 million for the quarter, compared to analyst estimates of $461.37 million. U.S. Silica had a net margin of 8.05% and a return on equity of 12.40%. U.S. Silica’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. On average, analysts forecast that U.S. Silica Holdings Inc will post 1.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Friday, December 14th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.68%. U.S. Silica’s payout ratio is presently 16.67%.

In other news, COO Michael L. Winkler acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The shares were acquired at an average price of $13.98 per share, for a total transaction of $27,960.00. Following the completion of the purchase, the chief operating officer now owns 47,290 shares in the company, valued at $661,114.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director J Michael Stice acquired 5,414 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The stock was purchased at an average price of $18.49 per share, for a total transaction of $100,104.86. Following the purchase, the director now owns 32,556 shares of the company’s stock, valued at approximately $601,960.44. The disclosure for this purchase can be found here. Insiders bought a total of 11,614 shares of company stock worth $206,525 in the last 90 days. Company insiders own 1.40% of the company’s stock.

SLCA has been the subject of a number of research analyst reports. Credit Suisse Group set a $29.00 target price on U.S. Silica and gave the company a “buy” rating in a research report on Tuesday, August 28th. Bank of America initiated coverage on U.S. Silica in a research report on Wednesday, October 17th. They issued an “underperform” rating for the company. Royal Bank of Canada lowered U.S. Silica from an “outperform” rating to a “sector perform” rating and set a $24.00 target price for the company. in a research report on Thursday, September 20th. KeyCorp decreased their target price on U.S. Silica from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, July 27th. Finally, Morgan Stanley lowered U.S. Silica from an “equal” rating to a “weight” rating and set a $18.00 target price for the company. in a research report on Thursday, October 11th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. U.S. Silica presently has a consensus rating of “Hold” and an average target price of $25.58.

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About U.S. Silica

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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Institutional Ownership by Quarter for U.S. Silica (NYSE:SLCA)

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