Trexquant Investment LP Makes New $1.17 Million Investment in United States Lime & Minerals, Inc. $USLM

Key Points

• Trexquant Investment LP has acquired 13,274 shares of United States Lime & Minerals, valued at approximately $1.17 million, in the 1st quarter, contributing to an increase in institutional ownership of the company's stock.
• CEO Timothy W. Byrne sold 27,425 shares for over $3.3 million, decreasing his ownership by 21.77%.
• Wall Street Zen downgraded United States Lime & Minerals from a "buy" to a "hold" rating, reflecting a shift in analyst sentiment.

Trexquant Investment LP acquired a new stake in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,274 shares of the construction company's stock, valued at approximately $1,173,000.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of United States Lime & Minerals by 87.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,528 shares of the construction company's stock valued at $312,000 after acquiring an additional 1,643 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of United States Lime & Minerals by 6.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,513 shares of the construction company's stock valued at $412,000 after acquiring an additional 291 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of United States Lime & Minerals by 10,831.6% in the 1st quarter. GAMMA Investing LLC now owns 8,308 shares of the construction company's stock valued at $734,000 after acquiring an additional 8,232 shares in the last quarter. Deutsche Bank AG increased its stake in shares of United States Lime & Minerals by 59.4% in the 4th quarter. Deutsche Bank AG now owns 9,747 shares of the construction company's stock valued at $1,294,000 after acquiring an additional 3,632 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of United States Lime & Minerals by 44.2% in the 1st quarter. SG Americas Securities LLC now owns 8,237 shares of the construction company's stock valued at $728,000 after acquiring an additional 2,526 shares in the last quarter. Institutional investors own 27.12% of the company's stock.

United States Lime & Minerals Stock Down 1.2%

USLM stock traded down $1.48 during midday trading on Friday, reaching $126.70. 97,525 shares of the company's stock traded hands, compared to its average volume of 116,418. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 29.06 and a beta of 1.02. The firm's fifty day moving average price is $113.21 and its 200-day moving average price is $102.12. United States Lime & Minerals, Inc. has a 52 week low of $80.47 and a 52 week high of $159.53.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The construction company reported $1.07 EPS for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07). The business had revenue of $91.52 million for the quarter, compared to the consensus estimate of $101.00 million. United States Lime & Minerals had a net margin of 35.57% and a return on equity of 24.24%.

United States Lime & Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 22nd. United States Lime & Minerals's payout ratio is currently 5.50%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of United States Lime & Minerals from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd.

Insider Transactions at United States Lime & Minerals

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 27,425 shares of United States Lime & Minerals stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $121.05, for a total transaction of $3,319,796.25. Following the transaction, the chief executive officer directly owned 98,532 shares of the company's stock, valued at $11,927,298.60. The trade was a 21.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.46% of the stock is owned by corporate insiders.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc engages in the manufacture and sale of lime and limestone products. Its products include High Calcium Quicklime, Hydrated Lime, Lime Kiln Dust, Lime Slurry, and High Calcium Limestone. The company was founded in 1948 and is headquartered in Dallas, TX.