Amalgamated Bank Increases Stock Holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Amalgamated Bank increased its stake in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 400.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 360 shares of the construction company’s stock after purchasing an additional 288 shares during the period. Amalgamated Bank’s holdings in United States Lime & Minerals were worth $35,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in USLM. CWM LLC grew its stake in shares of United States Lime & Minerals by 1,104.8% during 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 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 worth $30,000 after buying an additional 279 shares during the period. Quest Partners LLC bought a new stake in shares of United States Lime & Minerals in the 2nd quarter valued at about $125,000. nVerses Capital LLC purchased a new stake in United States Lime & Minerals during the 3rd quarter valued at about $49,000. Finally, Arizona State Retirement System purchased a new position in United States Lime & Minerals in the 2nd quarter worth approximately $233,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Analysts Set New Price Targets

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

United States Lime & Minerals Stock Performance

Shares of NASDAQ USLM opened at $143.14 on Tuesday. The company has a 50 day simple moving average of $104.17 and a two-hundred day simple moving average of $84.74. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 40.93 and a beta of 0.82. United States Lime & Minerals, Inc. has a fifty-two week low of $41.21 and a fifty-two week high of $146.70.

United States Lime & Minerals Announces Dividend

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

Insider Buying and Selling

In other news, Director Richard W. Cardin sold 12,000 shares of the stock in a transaction 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 sale, the director now directly 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 document filed with the SEC, which is available at this hyperlink. Also, VP Nathan O’neill sold 1,750 shares of the stock in a transaction dated 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 owns 7,880 shares of the company’s stock, valued at $1,101,072.40. This represents a 18.17 % decrease in their position. The disclosure for this sale can be found here. 2.16% of the stock is currently owned by corporate insiders.

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.