ExodusPoint Capital Management LP Acquires New Position in United States Lime & Minerals, Inc. (NASDAQ:USLM)

ExodusPoint Capital Management LP acquired a new stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 7,419 shares of the construction company's stock, valued at approximately $985,000.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in United States Lime & Minerals by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 314,531 shares of the construction company's stock valued at $41,759,000 after purchasing an additional 6,482 shares in the last quarter. National Bank of Canada FI bought a new position in United States Lime & Minerals during the 4th quarter worth about $72,000. Alliancebernstein L.P. increased its position in United States Lime & Minerals by 252.4% during the 4th quarter. Alliancebernstein L.P. now owns 31,890 shares of the construction company's stock valued at $4,233,000 after purchasing an additional 22,840 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of United States Lime & Minerals by 461.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 23,234 shares of the construction company's stock valued at $3,084,000 after purchasing an additional 19,095 shares in the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new stake in shares of United States Lime & Minerals in the 4th quarter worth approximately $306,000. Institutional investors own 27.12% of the company's stock.

Insider Buying and Selling at United States Lime & Minerals

In related news, Director Sandra C. Duhe sold 3,157 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $94.61, for a total value of $298,683.77. Following the transaction, the director now directly owns 2,128 shares of the company's stock, valued at approximately $201,330.08. This trade represents a 59.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.16% of the stock is owned by corporate insiders.

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United States Lime & Minerals Price Performance

USLM traded down $0.78 on Wednesday, reaching $91.75. 12,535 shares of the stock were exchanged, compared to its average volume of 101,388. The company's 50-day moving average price is $93.85 and its 200 day moving average price is $113.79. The firm has a market capitalization of $2.63 billion, a PE ratio of 24.18 and a beta of 0.93. United States Lime & Minerals, Inc. has a fifty-two week low of $57.86 and a fifty-two week high of $159.53.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last issued its earnings results on Monday, February 3rd. The construction company reported $0.94 earnings per share (EPS) for the quarter. United States Lime & Minerals had a net margin of 34.27% and a return on equity of 24.55%.

United States Lime & Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were given a dividend of $0.06 per share. The ex-dividend date was Friday, February 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.26%. This is an increase from United States Lime & Minerals's previous quarterly dividend of $0.05. United States Lime & Minerals's dividend payout ratio is currently 6.33%.

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 Wednesday, April 2nd.

United States Lime & Minerals Profile

United States Lime & Minerals, Inc engages in the manufacture and sale of lime and limestone products. Its products include High Calcium Quicklime, Hydrated Lime, Lime Kiln Dust, Lime Slurry, and High Calcium Limestone. The company was founded in 1948 and is headquartered in Dallas, TX.