Jacobs Levy Equity Management Inc. Purchases New Position in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Jacobs Levy Equity Management Inc. acquired a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,617 shares of the construction company's stock, valued at approximately $1,330,000.

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

United States Lime & Minerals Trading Down 3.2 %

Shares of USLM stock traded down $4.89 during trading hours on Monday, reaching $147.65. The stock had a trading volume of 80,652 shares, compared to its average volume of 100,338. The firm has a market capitalization of $4.22 billion, a PE ratio of 44.21 and a beta of 0.88. The stock's fifty day simple moving average is $122.76 and its 200 day simple moving average is $92.96. United States Lime & Minerals, Inc. has a 12 month low of $42.87 and a 12 month high of $159.53.

United States Lime & Minerals Dividend Announcement

The company also recently announced 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 0.14%. United States Lime & Minerals's dividend payout ratio is presently 5.80%.

Insiders Place Their Bets

In other news, VP Nathan O'neill sold 1,750 shares of the firm's stock in a transaction that occurred 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy W. Byrne sold 22,261 shares of United States Lime & Minerals stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $141.73, for a total transaction of $3,155,051.53. Following the transaction, the chief executive officer now directly owns 125,004 shares of the company's stock, valued at approximately $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 owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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.