ProShare Advisors LLC Buys New Stake in United States Lime & Minerals, Inc. (NASDAQ:USLM)

ProShare Advisors LLC bought a new stake in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,964 shares of the construction company's stock, valued at approximately $393,000.

Several other large investors have also recently made changes to their positions in USLM. Barclays PLC raised its stake in United States Lime & Minerals by 1,182.8% in the 3rd quarter. Barclays PLC now owns 21,512 shares of the construction company's stock valued at $2,101,000 after acquiring an additional 19,835 shares during the period. Deutsche Bank AG increased its stake in shares of United States Lime & Minerals by 59.4% in the fourth quarter. Deutsche Bank AG now owns 9,747 shares of the construction company's stock worth $1,294,000 after purchasing an additional 3,632 shares in the last quarter. Millennium Management LLC raised its position in shares of United States Lime & Minerals by 1,631.4% in the fourth quarter. Millennium Management LLC now owns 63,854 shares of the construction company's stock valued at $8,476,000 after purchasing an additional 60,166 shares during the period. Principal Financial Group Inc. lifted its stake in shares of United States Lime & Minerals by 9.3% during the 4th quarter. Principal Financial Group Inc. now owns 6,390 shares of the construction company's stock valued at $848,000 after buying an additional 546 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of United States Lime & Minerals by 16.8% during the 4th quarter. Victory Capital Management Inc. now owns 21,425 shares of the construction company's stock valued at $2,844,000 after buying an additional 3,081 shares in the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

United States Lime & Minerals Stock Down 0.7%

Shares of NASDAQ USLM traded down $0.68 during mid-day trading on Friday, reaching $102.40. 224,188 shares of the company were exchanged, compared to its average volume of 97,663. United States Lime & Minerals, Inc. has a 52 week low of $64.25 and a 52 week high of $159.53. The company's 50 day moving average price is $95.46 and its 200 day moving average price is $111.13. The stock has a market capitalization of $2.93 billion, a PE ratio of 26.99 and a beta of 0.97.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.19 earnings per share for the quarter. The company had revenue of $91.25 million for the quarter. United States Lime & Minerals had a return on equity of 24.55% and a net margin of 34.27%.

United States Lime & Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date is Friday, May 23rd. United States Lime & Minerals's payout ratio is 5.71%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of United States Lime & Minerals from a "hold" rating to a "buy" rating in a research note on Wednesday, April 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.