Here’s Why Diamond Hill Capital Added United States Lime & Minerals (USLM) to its Portfolio

Diamond Hill Capital, an investment management company, released its “Small Cap Strategy” third-quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy returned -1.50% net of fees compared to a -2.19% return for the Russell 2000 Index. Investment in consumer staples, technology, and financial sectors contributed positively to the strategy’s performance. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Diamond Hill Capital discussed stocks like United States Lime & Minerals, Inc. (NASDAQ:USLM) in the Q3 2022 investor letter. Headquartered in Dallas, Texas, United States Lime & Minerals, Inc. (NASDAQ:USLM) is a US-based lime and limestone products, manufacturer and supplier. On October 24, 2022, United States Lime & Minerals, Inc. (NASDAQ:USLM) stock closed at $116.25 per share. One-month return of United States Lime & Minerals, Inc. (NASDAQ:USLM) was 13.19% and its shares lost 2.70% of their value over the last 52 weeks. United States Lime & Minerals, Inc. (NASDAQ:USLM) has a market capitalization of $659.557 million.

Diamond Hill Capital made the following comment about United States Lime & Minerals, Inc. (NASDAQ:USLM) in its Q3 2022 investor letter:

“Manufacturer of lime and limestone products United States Lime & Minerals, Inc. (NASDAQ:USLM) is a strong cash generator with high barriers to entry serving diverse and attractive end markets in an advantaged geographic footprint. We expect continued growth coming from regional construction activities and the breadth of USLM’s end markets in infrastructure, construction, oil & gas, roofing, agriculture, environmental and industrial uses. Its physical footprint in fast-growing Texas is an important element in this industry as competition is highly regionalized.”

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United States Lime & Minerals, Inc. (NASDAQ:USLM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 5 hedge fund portfolios held United States Lime & Minerals, Inc. (NASDAQ:USLM) at the end of the second quarter, which was 6 in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.