Algert Global LLC Buys 20,444 Shares of United States Lime & Minerals, Inc. $USLM

Key Points

• Algert Global LLC has increased its stake in United States Lime & Minerals, Inc. by 50.9%, now owning 60,604 shares valued at approximately $5.36 million.
• The company reported EPS of $1.07 for the last quarter, which fell short of analyst estimates of $1.14.
• A quarterly dividend of $0.06 per share has been announced, with an annualized yield of 0.2% and a dividend payout ratio of 5.50%.

Algert Global LLC raised its holdings in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 50.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,604 shares of the construction company's stock after buying an additional 20,444 shares during the quarter. Algert Global LLC owned about 0.21% of United States Lime & Minerals worth $5,356,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State of Wyoming bought a new stake in United States Lime & Minerals during the fourth quarter worth about $35,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in United States Lime & Minerals during the fourth quarter worth about $36,000. Covestor Ltd lifted its stake in 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 worth $159,000 after purchasing an additional 1,765 shares during the last quarter. State of Tennessee Department of Treasury bought a new stake in United States Lime & Minerals during the fourth quarter worth about $181,000. Finally, Dark Forest Capital Management LP bought a new stake in United States Lime & Minerals during the fourth quarter worth about $204,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

United States Lime & Minerals Trading Up 6.3%

Shares of USLM stock traded up $7.23 during midday trading on Friday, reaching $121.52. 142,835 shares of the stock were exchanged, compared to its average volume of 128,830. United States Lime & Minerals, Inc. has a 1 year low of $74.90 and a 1 year high of $159.53. The company's 50 day moving average is $105.66 and its two-hundred day moving average is $99.91. The firm has a market cap of $3.48 billion, a PE ratio of 27.87 and a beta of 0.98.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The construction company reported $1.07 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $91.52 million for the quarter, compared to analysts' expectations of $101.00 million.

United States Lime & Minerals Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, August 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. United States Lime & Minerals's dividend payout ratio is 5.50%.

Analyst Upgrades and Downgrades

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

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.