U.S. Silica (NYSE:SLCA) Trading Up 1.8%

U.S. Silica Holdings, Inc. (NYSE:SLCA - Get Free Report)'s share price shot up 1.8% during mid-day trading on Wednesday . The stock traded as high as $13.53 and last traded at $13.51. 304,776 shares were traded during trading, a decline of 64% from the average session volume of 850,650 shares. The stock had previously closed at $13.27.

U.S. Silica Trading Up 1.6 %

The company has a debt-to-equity ratio of 0.96, a current ratio of 3.23 and a quick ratio of 2.43. The company has a market cap of $1.05 billion, a PE ratio of 7.19 and a beta of 2.23. The company's 50 day simple moving average is $11.65 and its two-hundred day simple moving average is $11.68.

U.S. Silica (NYSE:SLCA - Get Free Report) last announced its earnings results on Tuesday, February 27th. The mining company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. The company had revenue of $336.00 million during the quarter, compared to analyst estimates of $343.72 million. U.S. Silica had a net margin of 9.47% and a return on equity of 18.56%. U.S. Silica's revenue was down 18.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. As a group, sell-side analysts anticipate that U.S. Silica Holdings, Inc. will post 1.17 EPS for the current fiscal year.

Insider Activity

In related news, EVP James Derek Ussery sold 46,433 shares of the firm's stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $14.00, for a total value of $650,062.00. Following the sale, the executive vice president now owns 174,772 shares of the company's stock, valued at $2,446,808. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Stacy Russell sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $12.00, for a total value of $240,000.00. Following the sale, the executive vice president now owns 186,752 shares of the company's stock, valued at $2,241,024. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP James Derek Ussery sold 46,433 shares of the firm's stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $14.00, for a total transaction of $650,062.00. Following the completion of the sale, the executive vice president now directly owns 174,772 shares in the company, valued at approximately $2,446,808. The disclosure for this sale can be found here. Insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On U.S. Silica

A number of institutional investors have recently modified their holdings of SLCA. TD Asset Management Inc boosted its position in shares of U.S. Silica by 3.5% in the 3rd quarter. TD Asset Management Inc now owns 26,500 shares of the mining company's stock worth $372,000 after buying an additional 900 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of U.S. Silica by 25.8% during the 1st quarter. GAMMA Investing LLC now owns 4,773 shares of the mining company's stock worth $59,000 after acquiring an additional 978 shares during the period. Range Financial Group LLC lifted its holdings in shares of U.S. Silica by 2.1% during the 3rd quarter. Range Financial Group LLC now owns 46,895 shares of the mining company's stock worth $658,000 after acquiring an additional 980 shares during the period. Credit Suisse AG lifted its holdings in shares of U.S. Silica by 1.8% during the 3rd quarter. Credit Suisse AG now owns 58,148 shares of the mining company's stock worth $637,000 after acquiring an additional 1,030 shares during the period. Finally, ProShare Advisors LLC raised its holdings in U.S. Silica by 9.6% in the second quarter. ProShare Advisors LLC now owns 11,821 shares of the mining company's stock valued at $143,000 after buying an additional 1,032 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

U.S. Silica Company Profile

U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. It operates through two segments: Oil & Gas Proppants and Industrial & Specialty Products. The company offers whole grain commercial silica products to be used as frac for oil and natural gas recovery, as well as sells its whole grain silica products for the manufacturing of glass products.