Bryan Shinn, CEO of US Silica Holdings (SLCA) recently bought 2,000 shares. The buy increased his holdings by 0.25 percent, and came to a total purchase price of just over $48,000.
This marks the first insider activity of 2021. Insiders were both buyers and sellers last year, with large insider buys early in the year, and sales later in the year. Overall, company insiders own just under 3 percent of total shares.
Shares are up nearly 400 percent in the past year. The company produces commercial silica and also provides products for the oil and gas industry. Despite the massive rise in shares, the company is currently unprofitable, with revenue down 13 percent over the past year.
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Action to take: The company’s products appear to be poised to perform well as the economy continues to rebound. A strong performance in the oil space could move the company back to profitability.
Shares are a reasonable buy here in the low $11 range, well under the stock’s 52-week high over $15.
For traders, the September $14 calls, going for about $1.20, stand a strong chance of producing high-double-digit returns. If shares end up retesting their old highs, the option could even end up producing triple-digit returns.
Disclosure: The author of this article has no positions in the stock mentioned here, and does not intend to make a trade on this company after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.