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Sandra C. Duhe, a director at United States Lime & Minerals Inc. (NASDAQ:USLM), has sold 427 shares of the company’s common stock, netting over $124,000 in the transaction. The sale took place on March 14, 2024, with the shares being sold at a price of $291.02 each.
This recent transaction has adjusted Duhe’s holdings in the company to 457 shares of common stock. United States Lime & Minerals Inc., based in Dallas, Texas, is known for its operations in the mining and quarrying of nonmetallic minerals.
Investors and market watchers often keep a close eye on insider transactions as they may provide insights into the company’s financial health and future performance. The details of these transactions are made public through mandatory filings with the Securities and Exchange Commission.
United States Lime & Minerals Inc. has a history that includes several name changes, with former names including Scottish Heritable Inc, Rangaire Corp, and Roberts Manufacturing Co Inc. The company has been incorporated in Texas and is a part of the mining industry, focusing on nonmetallic minerals excluding fuels.
For those tracking insider activities, such sales can serve as a valuable piece of information when analyzing a company’s stock performance and insider confidence.
InvestingPro Insights
Amid the insider trading activity at United States Lime & Minerals Inc., investors seeking a broader perspective may find it beneficial to consider the performance of a similar company in the nonmetallic mineral mining sector, SLM (NASDAQ:) Corp. According to InvestingPro data, SLM Corp has a market capitalization of $4.59 billion and is trading with a P/E ratio of 8.48, which adjusts to 8.14 when looking at the last twelve months as of Q4 2023. This valuation metric suggests that the company is trading at a low price relative to its near-term earnings growth, which is an InvestingPro Tip that highlights the potential for investment value.
Furthermore, SLM Corp’s revenue growth has been impressive, with an increase of 23.02% over the last twelve months as of Q4 2023, and a staggering quarterly revenue growth of 881.9% in Q1 2023. This robust financial performance is complemented by a significant price uptick of 49.88% over the last six months and a strong return of 73.58% over the last year, indicating a positive trend in the company’s stock price movement.
Investors considering SLM Corp as part of their portfolio should note that management has been actively buying back shares, which is often seen as a sign of confidence in the company’s prospects. Additionally, eight analysts have revised their earnings upwards for the upcoming period, according to InvestingPro Tips. For those interested in further insights, there are additional tips available on InvestingPro. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and enrich your investment strategy with valuable data.
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