Walleye Capital LLC Acquires Shares of 6,504 United States Lime & Minerals, Inc. (NASDAQ:USLM)

Walleye Capital LLC bought a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 6,504 shares of the construction company's stock, valued at approximately $863,000.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in shares of United States Lime & Minerals by 422.7% during the 3rd quarter. Geode Capital Management LLC now owns 308,049 shares of the construction company's stock worth $30,089,000 after purchasing an additional 249,115 shares during the last quarter. State Street Corp boosted its holdings in shares of United States Lime & Minerals by 421.7% in the 3rd quarter. State Street Corp now owns 242,826 shares of the construction company's stock valued at $23,714,000 after buying an additional 196,277 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of United States Lime & Minerals by 486.5% in the 4th quarter. JPMorgan Chase & Co. now owns 62,736 shares of the construction company's stock worth $8,328,000 after buying an additional 52,039 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of United States Lime & Minerals during the 4th quarter worth approximately $3,612,000. Finally, Alliancebernstein L.P. lifted its position in United States Lime & Minerals by 252.4% during the fourth quarter. Alliancebernstein L.P. now owns 31,890 shares of the construction company's stock valued at $4,233,000 after acquiring an additional 22,840 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company's stock.

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 Stock Performance

NASDAQ:USLM traded down $2.04 during mid-day trading on Friday, hitting $92.40. 66,237 shares of the company's stock traded hands, compared to its average volume of 100,614. The company has a fifty day moving average of $91.95 and a 200 day moving average of $113.49. United States Lime & Minerals, Inc. has a twelve month low of $59.85 and a twelve month high of $159.53. The company has a market capitalization of $2.64 billion, a P/E ratio of 24.35 and a beta of 0.93.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its quarterly earnings data 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 business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were paid a dividend of $0.06 per share. This is an increase from United States Lime & Minerals's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, February 21st. United States Lime & Minerals's payout ratio is presently 6.33%.

Insider Activity

In related news, Director Sandra C. Duhe sold 3,157 shares of the stock in a transaction that occurred on 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 owns 2,128 shares in the company, valued at approximately $201,330.08. This represents a 59.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.46% of the company's stock.

About United States Lime & Minerals

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.