United States Lime & Minerals, Inc. (NASDAQ:USLM) Short Interest Update

United States Lime & Minerals, Inc. (NASDAQ:USLM) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 208,800 shares, an increase of 44.4% from the November 15th total of 144,600 shares. Based on an average daily volume of 85,900 shares, the days-to-cover ratio is presently 2.4 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised United States Lime & Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd.

Insider Transactions at United States Lime & Minerals

In other United States Lime & Minerals news, VP Nathan O’neill sold 1,750 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $139.73, for a total transaction of $244,527.50. Following the transaction, the vice president now directly owns 7,880 shares in the company, valued at $1,101,072.40. This represents a 18.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy W. Byrne sold 22,261 shares of United States Lime & Minerals stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $141.73, for a total value of $3,155,051.53. Following the completion of the sale, the chief executive officer now directly owns 125,004 shares of the company’s stock, valued at $17,716,816.92. The trade was a 15.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.16% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC raised its position in United States Lime & Minerals by 1,104.8% in the 2nd quarter. CWM LLC now owns 253 shares of the construction company’s stock valued at $92,000 after purchasing an additional 232 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in United States Lime & Minerals by 900.0% in the third quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company’s stock valued at $30,000 after acquiring an additional 279 shares in the last quarter. Quest Partners LLC purchased a new position in United States Lime & Minerals in the second quarter worth approximately $125,000. Amalgamated Bank grew its holdings in United States Lime & Minerals by 400.0% during the 3rd quarter. Amalgamated Bank now owns 360 shares of the construction company’s stock worth $35,000 after acquiring an additional 288 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of United States Lime & Minerals in the 3rd quarter valued at approximately $49,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

United States Lime & Minerals Trading Down 2.1 %

USLM traded down $3.19 during trading hours on Friday, hitting $145.94. 75,588 shares of the company’s stock were exchanged, compared to its average volume of 100,695. The firm has a market cap of $4.17 billion, a P/E ratio of 42.30 and a beta of 0.89. United States Lime & Minerals has a 12-month low of $42.87 and a 12-month high of $159.53. The firm has a 50 day moving average of $128.00 and a 200 day moving average of $95.28.

United States Lime & Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Friday, November 22nd. United States Lime & Minerals’s dividend payout ratio is currently 5.80%.

About United States Lime & Minerals

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.