Federated Hermes Inc. Sells 20,632 Shares of U.S. Silica Holdings, Inc. (NYSE:SLCA)

Federated Hermes Inc. lessened its holdings in U.S. Silica Holdings, Inc. (NYSE:SLCA) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 623,902 shares of the mining company’s stock after selling 20,632 shares during the quarter. Federated Hermes Inc. owned 0.81% of U.S. Silica worth $7,056,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. KLCM Advisors Inc. acquired a new position in shares of U.S. Silica during the 4th quarter worth about $444,000. Everence Capital Management Inc. acquired a new position in U.S. Silica during the fourth quarter valued at approximately $215,000. Louisiana State Employees Retirement System bought a new position in U.S. Silica in the fourth quarter valued at approximately $437,000. Callahan Advisors LLC bought a new position in U.S. Silica in the fourth quarter valued at approximately $124,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of U.S. Silica by 7.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,930 shares of the mining company’s stock worth $384,000 after purchasing an additional 2,402 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

U.S. Silica Trading Down 0.9 %

NYSE SLCA opened at $12.86 on Thursday. U.S. Silica Holdings, Inc. has a 12 month low of $10.09 and a 12 month high of $14.64. The company has a current ratio of 3.23, a quick ratio of 2.43 and a debt-to-equity ratio of 0.96. The stock has a 50 day moving average of $12.15 and a 200-day moving average of $11.64. The company has a market cap of $1.00 billion, a PE ratio of 6.87 and a beta of 2.23.

U.S. Silica (NYSE:SLCA) last announced its quarterly earnings results on Tuesday, February 27th. The mining company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $343.72 million. U.S. Silica had a net margin of 9.47% and a return on equity of 18.56%. The company’s revenue for the quarter was down 18.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share. On average, equities research analysts anticipate that U.S. Silica Holdings, Inc. will post 1.17 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP James Derek Ussery sold 46,433 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $14.00, for a total value of $650,062.00. Following the completion of the sale, the executive vice president now directly owns 174,772 shares of the company’s stock, valued at $2,446,808. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other U.S. Silica news, EVP Stacy Russell sold 20,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $12.00, for a total value of $240,000.00. Following the transaction, the executive vice president now directly owns 186,752 shares of the company’s stock, valued at approximately $2,241,024. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP James Derek Ussery sold 46,433 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was 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 approximately $2,446,808. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

About U.S. Silica

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.