Cynosure Group LLC Raises Stock Holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Cynosure Group LLC boosted its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 636.2% in the 3rd quarter, Holdings Channel reports. The fund owned 7,855 shares of the construction company’s stock after buying an additional 6,788 shares during the period. Cynosure Group LLC’s holdings in United States Lime & Minerals were worth $767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of USLM. Townsquare Capital LLC purchased a new position in United States Lime & Minerals in the third quarter valued at $204,000. BNP Paribas Financial Markets boosted its position in United States Lime & Minerals by 402.2% during the third quarter. BNP Paribas Financial Markets now owns 7,749 shares of the construction company’s stock worth $757,000 after purchasing an additional 6,206 shares in the last quarter. FMR LLC grew its holdings in United States Lime & Minerals by 403.0% in the third quarter. FMR LLC now owns 503 shares of the construction company’s stock valued at $49,000 after purchasing an additional 403 shares during the period. Quantbot Technologies LP increased its position in shares of United States Lime & Minerals by 3,865.7% in the third quarter. Quantbot Technologies LP now owns 1,388 shares of the construction company’s stock valued at $136,000 after buying an additional 1,353 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of United States Lime & Minerals by 376.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,489 shares of the construction company’s stock worth $634,000 after buying an additional 5,128 shares during the period. 27.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 Trading Up 6.0 %

USLM stock opened at $157.45 on Wednesday. United States Lime & Minerals, Inc. has a 12-month low of $41.91 and a 12-month high of $159.53. The business’s 50-day moving average is $113.33 and its 200 day moving average is $88.46. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 45.64 and a beta of 0.82.

United States Lime & Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.13%. The ex-dividend date is Friday, November 22nd. United States Lime & Minerals’s dividend payout ratio is currently 5.80%.

Insider Activity at United States Lime & Minerals

In related news, CEO Timothy W. Byrne sold 22,261 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $141.73, for a total value of $3,155,051.53. Following the completion of the sale, the chief executive officer now owns 125,004 shares of the company’s stock, valued at approximately $17,716,816.92. This represents a 15.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Nathan O’neill sold 1,750 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $139.73, for a total transaction of $244,527.50. Following 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 owned by corporate insiders.

About United States Lime & Minerals

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.