U.S. Silica Holdings Inc (SLCA) got Upgraded

U.S. Silica Holdings Inc (NYSE:SLCA) received a stock rating upgrade from Piper Jaffray on Mar-31-16. In a note to investors, the firm issued an Overweight rating. The analysts previously had a Neutral rating on the stock.

The 52-week price range is $ 13.40 – 39.51 and the company has a market capitalization of $ 1.41B. Analysts covering the shares maintain a consensus Strong Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 6 has assigned a hold rating, 1 says it’s a buy, and 8 have assigned a strong buy rating to the company.

U.S. Silica Holdings Inc (SLCA) on March 16, 2016 announced that it has priced an underwritten public offering of 8,695,700 shares of U.S. Silica common stock, upsized from the previously announced 8,000,000 shares, for total estimated gross proceeds of $173,914,000. The underwriters have been granted a 30-day option to purchase up to an additional 1,304,300 shares of common stock.

U.S. Silica intends to use the net proceeds of the offering for general corporate purposes including the potential acquisition of complementary businesses or assets. The offering is expected to close on March 22, 2016, subject to customary closing conditions.

Barclays Capital Inc. and Morgan Stanley & Co. LLC acted as joint book-running managers for the offering. This offering is being made by means of a prospectus supplement and accompanying base prospectus, copies of which may be obtained for free by visiting EDGAR on the Securities and Exchange Commission (SEC) website at www.sec.gov. Alternatively, the prospectus and prospectus supplement may be obtained by sending a request to: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Telephone 888-603-5847, Email: barclaysprospectus@broadridge.com or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd floor, New York, NY 10014.

This offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Company’s common stock or any other securities, and there shall not be any offer, solicitation or sale of securities mentioned in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such any state or jurisdiction.

See also: A Peek Inside Donald Trump’s Financials Shows How He Takes Advantage Of A Little Known Income Stream That’s Available To Everyone!