Yesterday, the EVP & CCO of US Silica Holdings (NYSE: SLCA), Bradford Casper, bought shares of SLCA for $28.44K.
Following this transaction Bradford Casper’s holding in the company was increased by 8.8% to a total of $360.1K. This is Casper’s first Buy trade following 6 Sell transactions.
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Based on US Silica Holdings’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $427 million and quarterly net profit of $17.64 million. In comparison, last year the company earned revenue of $345 million and had a net profit of $41.27 million. SLCA’s market cap is $1.52B and the company has a P/E ratio of 9.75. Currently, US Silica Holdings has an average volume of 2.48M.
Based on 14 analyst ratings, the analyst consensus is Strong Buy with an average price target of $32.46, reflecting a 67.2% upside. 12 different firms, including Cowen & Co. and KeyBanc, currently also have a Buy rating on the stock. One of the top 25 analysts, according to TipRanks.com, recently recommended Hold SLCA with a $24 price target.
The insider sentiment on US Silica Holdings has been positive according to 38 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Bradford Casper’s trades have generated a 21.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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U.S. Silica Holdings, Inc. provides commercial silica products. It operates through Oil and Gas Proppants, and Industrial and Specialty Products segments.
