United States Lime & Minerals, Inc. (NASDAQ:USLM) Shares Purchased by Minerva Advisors LLC

Minerva Advisors LLC increased its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 400.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,250 shares of the construction company’s stock after acquiring an additional 5,000 shares during the quarter. Minerva Advisors LLC’s holdings in United States Lime & Minerals were worth $608,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of USLM. Thrivent Financial for Lutherans grew its position in United States Lime & Minerals by 202.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 489,909 shares of the construction company’s stock worth $47,845,000 after purchasing an additional 327,983 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of United States Lime & Minerals by 322.3% in the third quarter. Royce & Associates LP now owns 352,200 shares of the construction company’s stock valued at $34,396,000 after acquiring an additional 268,800 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of United States Lime & Minerals by 352.0% in the third quarter. Diamond Hill Capital Management Inc. now owns 103,033 shares of the construction company’s stock valued at $10,062,000 after acquiring an additional 80,237 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of United States Lime & Minerals in the second quarter valued at about $21,119,000. Finally, North Star Investment Management Corp. boosted its holdings in shares of United States Lime & Minerals by 400.0% in the third quarter. North Star Investment Management Corp. now owns 66,850 shares of the construction company’s stock valued at $6,529,000 after acquiring an additional 53,480 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

United States Lime & Minerals Stock Up 1.4 %

Shares of NASDAQ USLM opened at $143.14 on Tuesday. United States Lime & Minerals, Inc. has a 52 week low of $41.21 and a 52 week high of $146.70. The firm has a 50-day moving average price of $104.17 and a 200 day moving average price of $84.74. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 41.49 and a beta of 0.82.

United States Lime & Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date is Friday, November 22nd. United States Lime & Minerals’s payout ratio is currently 5.80%.

Insiders Place Their Bets

In other news, Director Richard W. Cardin sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $77.88, for a total value of $934,560.00. Following the completion of the transaction, the director now owns 14,300 shares of the company’s stock, valued at $1,113,684. The trade was a 45.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Nathan O’neill sold 1,750 shares of the business’s stock in a transaction that occurred 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 owns 7,880 shares of the company’s stock, valued at approximately $1,101,072.40. The trade was a 18.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.62% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.