Voleon Capital Management LP Acquires New Shares in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Voleon Capital Management LP acquired a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,160 shares of the construction company's stock, valued at approximately $552,000.

A number of other hedge funds also recently modified their holdings of the business. Global Retirement Partners LLC purchased a new stake in United States Lime & Minerals in the 4th quarter worth about $25,000. National Bank of Canada FI bought a new position in United States Lime & Minerals in the 4th quarter worth $72,000. Steward Partners Investment Advisory LLC grew its holdings in United States Lime & Minerals by 136.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the construction company's stock valued at $117,000 after buying an additional 510 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of United States Lime & Minerals in the fourth quarter worth $146,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of United States Lime & Minerals by 114.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,188 shares of the construction company's stock worth $158,000 after purchasing an additional 633 shares during the period. Hedge funds and other institutional investors own 27.12% of the company's stock.

United States Lime & Minerals Stock Performance

Shares of NASDAQ:USLM traded up $1.81 during midday trading on Friday, reaching $99.81. 98,401 shares of the company's stock were exchanged, compared to its average volume of 100,335. United States Lime & Minerals, Inc. has a 12 month low of $64.25 and a 12 month high of $159.53. The firm has a market capitalization of $2.86 billion, a PE ratio of 26.31 and a beta of 0.97. The company's 50 day simple moving average is $91.45 and its two-hundred day simple moving average is $113.38.

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

United States Lime & Minerals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, May 23rd. This represents a $0.24 annualized dividend and a dividend yield of 0.24%. United States Lime & Minerals's dividend payout ratio (DPR) is currently 5.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded United States Lime & Minerals from a "hold" rating to a "buy" rating in a research report on Wednesday, April 2nd.

Insider Activity at United States Lime & Minerals

In related news, Director Sandra C. Duhe sold 3,157 shares of United States Lime & Minerals stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $94.61, for a total value of $298,683.77. Following the completion of the sale, the director now directly owns 2,128 shares in the company, valued at $201,330.08. This trade represents a 59.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.46% of the stock is currently owned by company insiders.

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.