United States Lime & Minerals, Inc. (NASDAQ:USLM) Short Interest Down 20.6% in August

United States Lime & Minerals, Inc. (NASDAQ:USLM) saw a large drop in short interest in August. As of August 15th, there was short interest totalling 204,700 shares, a drop of 20.6% from the July 31st total of 257,700 shares. Based on an average daily trading volume, of 94,200 shares, the days-to-cover ratio is currently 2.2 days.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of United States Lime & Minerals from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd.

Insider Activity at United States Lime & Minerals

In other news, CEO Timothy W. Byrne sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $66.06, for a total transaction of $66,064.00. Following the transaction, the chief executive officer now directly owns 147,715 shares of the company’s stock, valued at $9,758,643.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 1,000 shares of United States Lime & Minerals stock in a transaction on Friday, June 7th. The stock was sold at an average price of $66.06, for a total transaction of $66,064.00. Following the completion of the sale, the chief executive officer now directly owns 147,715 shares of the company’s stock, valued at approximately $9,758,643.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard W. Cardin sold 12,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $77.88, for a total value of $934,560.00. Following the completion of the sale, the director now owns 14,300 shares of the company’s stock, valued at $1,113,684. The disclosure for this sale can be found here. Insiders sold 49,945 shares of company stock worth $3,488,353 in the last 90 days. 2.16% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its stake in United States Lime & Minerals by 23.7% in the fourth quarter. Russell Investments Group Ltd. now owns 3,346 shares of the construction company’s stock valued at $771,000 after acquiring an additional 640 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of United States Lime & Minerals by 1.7% during the 4th quarter. BNP Paribas Financial Markets now owns 2,454 shares of the construction company’s stock valued at $565,000 after purchasing an additional 42 shares during the last quarter. Jump Financial LLC boosted its position in shares of United States Lime & Minerals by 23.2% in the 4th quarter. Jump Financial LLC now owns 2,300 shares of the construction company’s stock worth $530,000 after purchasing an additional 433 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in United States Lime & Minerals during the 4th quarter worth $270,000. Finally, Navellier & Associates Inc. increased its position in United States Lime & Minerals by 38.0% during the 4th quarter. Navellier & Associates Inc. now owns 1,698 shares of the construction company’s stock valued at $391,000 after buying an additional 468 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Stock Performance

United States Lime & Minerals stock traded up $2.90 during mid-day trading on Friday, reaching $81.73. 49,909 shares of the company were exchanged, compared to its average volume of 107,627. The firm has a market cap of $466.60 million, a P/E ratio of 5.64 and a beta of 0.85. The business has a fifty day moving average of $76.53 and a 200 day moving average of $67.11. United States Lime & Minerals has a 12-month low of $37.11 and a 12-month high of $87.13.

United States Lime & Minerals (NASDAQ:USLM) last issued its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.91 earnings per share for the quarter. United States Lime & Minerals had a return on equity of 21.21% and a net margin of 29.87%. The firm had revenue of $76.55 million during the quarter.

United States Lime & Minerals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Friday, August 23rd. United States Lime & Minerals’s payout ratio is 1.43%.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc manufactures and supplies lime and limestone products in the United States. It extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry. The company supplies its products primarily to the construction customers, including highway, road, and building contractors; industrial customers, such as paper and glass manufacturers; environmental customers comprising municipal sanitation and water treatment facilities, and flue gas treatment processes; oil and gas services companies; roof shingle manufacturers; and poultry producers.