Victory Capital Management Inc. Makes New $1.79 Million Investment in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Victory Capital Management Inc. acquired a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,344 shares of the construction company's stock, valued at approximately $1,791,000. Victory Capital Management Inc. owned approximately 0.06% of United States Lime & Minerals as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Linden Thomas Advisory Services LLC increased its holdings in shares of United States Lime & Minerals by 1.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 8,289 shares of the construction company's stock worth $3,019,000 after acquiring an additional 84 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in United States Lime & Minerals by 19.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,361 shares of the construction company's stock valued at $496,000 after buying an additional 217 shares in the last quarter. CWM LLC grew its holdings 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 buying an additional 232 shares in the last quarter. Algert Global LLC grew its holdings in United States Lime & Minerals by 31.5% in the 2nd quarter. Algert Global LLC now owns 1,090 shares of the construction company's stock valued at $397,000 after buying an additional 261 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in United States Lime & Minerals by 900.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company's stock valued at $30,000 after buying an additional 279 shares in the last quarter. Institutional investors own 27.12% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other United States Lime & Minerals news, VP Nathan O'neill sold 1,750 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $139.73, for a total value of $244,527.50. Following the completion of the sale, the vice president now directly owns 7,880 shares of the company's stock, valued at $1,101,072.40. This trade represents a 18.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Timothy W. Byrne sold 22,261 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now directly owns 125,004 shares of the company's stock, valued at $17,716,816.92. This represents a 15.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.62% of the stock is currently owned by corporate insiders.

United States Lime & Minerals Stock Performance

United States Lime & Minerals stock traded down $1.61 during mid-day trading on Monday, reaching $148.12. The stock had a trading volume of 40,633 shares, compared to its average volume of 98,507. United States Lime & Minerals, Inc. has a fifty-two week low of $41.91 and a fifty-two week high of $153.91. The stock's 50-day simple moving average is $110.66 and its 200-day simple moving average is $87.35. The firm has a market capitalization of $4.23 billion, a PE ratio of 43.40 and a beta of 0.82.

United States Lime & Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.14%. United States Lime & Minerals's dividend payout ratio (DPR) 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.