Moors & Cabot Inc. Acquires 2,719 Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM)

Moors & Cabot Inc. boosted its holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 382.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,430 shares of the construction company’s stock after purchasing an additional 2,719 shares during the period. Moors & Cabot Inc.’s holdings in United States Lime & Minerals were worth $335,000 as of its most recent filing with the Securities and Exchange Commission.

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

United States Lime & Minerals Trading Down 0.4 %

United States Lime & Minerals stock opened at $149.73 on Friday. United States Lime & Minerals, Inc. has a 12 month low of $41.91 and a 12 month high of $151.47. The company has a market capitalization of $4.28 billion, a PE ratio of 43.40 and a beta of 0.82. The stock has a 50-day moving average price of $110.66 and a two-hundred day moving average price of $87.17.

United States Lime & Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.20 annualized dividend and a dividend yield of 0.13%. United States Lime & Minerals’s dividend payout ratio is currently 5.80%.

Insider Activity

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

Analyst Upgrades and Downgrades

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

United States Lime & Minerals 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.