Stifel Financial Corp Purchases 5,467 Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM)

Stifel Financial Corp lifted its position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 309.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,233 shares of the construction company's stock after acquiring an additional 5,467 shares during the period. Stifel Financial Corp's holdings in United States Lime & Minerals were worth $706,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its holdings in shares of 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 purchasing an additional 279 shares in the last quarter. Amalgamated Bank boosted its position 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 purchasing an additional 288 shares during the period. nVerses Capital LLC acquired a new position in United States Lime & Minerals in the 3rd quarter valued at about $49,000. FMR LLC raised its holdings in United States Lime & Minerals by 403.0% in the 3rd quarter. FMR LLC now owns 503 shares of the construction company's stock valued at $49,000 after acquiring an additional 403 shares during the period. Finally, Quest Partners LLC acquired a new stake in United States Lime & Minerals during the second quarter worth approximately $125,000. 27.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, 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 transaction of $3,155,051.53. Following the completion of the transaction, the chief executive officer now directly owns 125,004 shares in the company, valued at $17,716,816.92. This trade represents a 15.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nathan O'neill sold 1,750 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $139.73, for a total transaction of $244,527.50. Following the completion of the sale, the vice president now directly owns 7,880 shares in the company, valued at approximately $1,101,072.40. This represents a 18.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.62% of the company's stock.

United States Lime & Minerals Trading Up 1.1 %

USLM stock traded up $1.53 during trading hours on Thursday, hitting $137.79. 63,971 shares of the stock were exchanged, compared to its average volume of 101,119. The company has a 50-day simple moving average of $134.00 and a two-hundred day simple moving average of $99.34. The firm has a market capitalization of $3.94 billion, a P/E ratio of 39.94 and a beta of 0.88. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.15%. United States Lime & Minerals's payout ratio is 5.80%.

United States Lime & Minerals Company 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.