Alpine Global Management LLC Takes $222,000 Position in United States Lime & Minerals, Inc. $USLM

Key Points

• Alpine Global Management LLC has acquired a new stake in United States Lime & Minerals, Inc., purchasing 2,512 shares valued at approximately $222,000 during the first quarter.
• The company reported earnings per share (EPS) of $1.07 for the last quarter, missing expectations by $0.07, with revenues of $91.52 million falling short of the projected $101 million.
• United States Lime & Minerals declared a quarterly dividend of $0.06 per share, resulting in an annualized yield of 0.2%, with a dividend payout ratio of 5.50%.

Alpine Global Management LLC 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 13F filing with the SEC. The firm acquired 2,512 shares of the construction company's stock, valued at approximately $222,000.

A number of other large investors also recently added to or reduced their stakes in USLM. Wealth Enhancement Advisory Services LLC raised its stake in United States Lime & Minerals by 87.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,528 shares of the construction company's stock worth $312,000 after acquiring an additional 1,643 shares in the last quarter. Allspring Global Investments Holdings LLC lifted 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 purchasing an additional 291 shares during the period. GAMMA Investing LLC grew 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 worth $734,000 after buying an additional 8,232 shares during the last quarter. Deutsche Bank AG raised its stake in United States Lime & Minerals by 59.4% during the 4th quarter. Deutsche Bank AG now owns 9,747 shares of the construction company's stock valued at $1,294,000 after buying an additional 3,632 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of United States Lime & Minerals by 44.2% in the first quarter. SG Americas Securities LLC now owns 8,237 shares of the construction company's stock worth $728,000 after purchasing an additional 2,526 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity

In other news, CEO Timothy W. Byrne sold 12,100 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $119.50, for a total transaction of $1,445,950.00. Following the transaction, the chief executive officer directly owned 86,432 shares in the company, valued at $10,328,624. The trade was a 12.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.46% of the stock is owned by corporate insiders.

United States Lime & Minerals Stock Up 2.2%

Shares of United States Lime & Minerals stock traded up $2.65 during trading hours on Friday, hitting $123.64. 60,747 shares of the company's stock traded hands, compared to its average volume of 128,732. The stock has a 50 day simple moving average of $110.51 and a 200-day simple moving average of $101.06. The company has a market cap of $3.54 billion, a PE ratio of 28.48 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 posted its quarterly earnings results on Wednesday, July 30th. The construction company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.07). The business had revenue of $91.52 million during the quarter, compared to analyst estimates 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid a $0.06 dividend. 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 presently 5.50%.

About United States Lime & Minerals

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.