Trexquant Investment LP Makes New 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 purchased a new position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,274 shares of the construction company's stock, valued at approximately $1,173,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Wyoming purchased a new position in United States Lime & Minerals in the fourth quarter worth $35,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of United States Lime & Minerals during the fourth quarter valued at $36,000. Ameriprise Financial Inc. purchased a new stake in shares of United States Lime & Minerals during the fourth quarter valued at $235,000. Covestor Ltd grew its holdings in shares of United States Lime & Minerals by 4,902.8% during the first quarter. Covestor Ltd now owns 1,801 shares of the construction company's stock valued at $159,000 after buying an additional 1,765 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of United States Lime & Minerals during the fourth quarter valued at $250,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

United States Lime & Minerals Trading Up 0.5%

Shares of United States Lime & Minerals stock traded up $0.63 during trading hours on Tuesday, reaching $123.25. The stock had a trading volume of 149,996 shares, compared to its average volume of 123,070. The stock's 50 day moving average is $111.87 and its 200 day moving average is $101.51. The firm has a market capitalization of $3.53 billion, a PE ratio of 28.27 and a beta of 1.02. United States Lime & Minerals, Inc. has a twelve month low of $75.33 and a twelve month high of $159.53.

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

United States Lime & Minerals Announces Dividend

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

Analyst Ratings Changes

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 Buying and Selling at United States Lime & Minerals

In related news, CEO Timothy W. Byrne sold 27,425 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 98,532 shares of the company's stock, valued at approximately $11,927,298.60. This trade represents a 21.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.46% of the company's stock.

United States Lime & Minerals 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.