Aptus Capital Advisors LLC Raises Position in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Aptus Capital Advisors LLC lifted its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 627.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,672 shares of the construction company's stock after purchasing an additional 29,045 shares during the period. Aptus Capital Advisors LLC owned about 0.12% of United States Lime & Minerals worth $3,288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC raised its holdings in shares of United States Lime & Minerals by 1,104.8% in the second quarter. CWM LLC now owns 253 shares of the construction company's stock valued at $92,000 after buying an additional 232 shares during the last quarter. Farther Finance Advisors LLC increased its position 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 buying an additional 279 shares in the last quarter. Quest Partners LLC acquired a new position in United States Lime & Minerals in the 2nd quarter valued at $125,000. Amalgamated Bank boosted its holdings in shares of United States Lime & Minerals by 400.0% in the 3rd 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 last quarter. Finally, nVerses Capital LLC acquired a new position in shares of United States Lime & Minerals during the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director Richard W. Cardin sold 12,000 shares of the company's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $77.88, for a total transaction of $934,560.00. Following the transaction, the director now owns 14,300 shares of the company's stock, valued at $1,113,684. This represents a 45.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Nathan O'neill sold 1,750 shares of United States Lime & Minerals 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 sale, the vice president now directly owns 7,880 shares of the company's stock, valued at approximately $1,101,072.40. This trade represents a 18.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.16% of the company's stock.

United States Lime & Minerals Stock Performance

Shares of NASDAQ USLM traded down $1.57 during mid-day trading on Thursday, reaching $141.01. The company had a trading volume of 93,612 shares, compared to its average volume of 98,835. United States Lime & Minerals, Inc. has a 12-month low of $40.66 and a 12-month high of $146.70. The stock has a fifty day moving average of $101.59 and a two-hundred day moving average of $83.49. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 41.33 and a beta of 0.82.

United States Lime & Minerals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.20 annualized dividend and a yield of 0.14%. 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.