EntryPoint Capital LLC Reduces Stake in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

EntryPoint Capital LLC lessened its stake in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 42.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,614 shares of the company’s stock after selling 7,740 shares during the quarter. EntryPoint Capital LLC’s holdings in Concrete Pumping were worth $84,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Private Advisor Group LLC purchased a new stake in Concrete Pumping in the 4th quarter worth approximately $101,000. Trexquant Investment LP bought a new position in Concrete Pumping in the 4th quarter valued at $151,000. Swiss National Bank bought a new position in Concrete Pumping in the 4th quarter valued at $398,000. Aristides Capital LLC boosted its holdings in Concrete Pumping by 12.7% in the 4th quarter. Aristides Capital LLC now owns 53,845 shares of the company’s stock valued at $442,000 after purchasing an additional 6,077 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Concrete Pumping by 15.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 55,041 shares of the company’s stock valued at $451,000 after purchasing an additional 7,520 shares during the period. Hedge funds and other institutional investors own 34.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on BBCP shares. William Blair downgraded shares of Concrete Pumping from an “outperform” rating to a “market perform” rating in a report on Friday, June 7th. Robert W. Baird cut their price target on shares of Concrete Pumping from $8.50 to $7.50 and set a “neutral” rating for the company in a report on Monday, June 10th. Stifel Nicolaus lowered their price objective on shares of Concrete Pumping from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Finally, DA Davidson lowered their price objective on shares of Concrete Pumping from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, June 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Concrete Pumping presently has an average rating of “Hold” and an average target price of $8.25.

Insider Buying and Selling

In related news, CEO Bruce F. Young sold 5,000 shares of Concrete Pumping stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $7.00, for a total value of $35,000.00. Following the transaction, the chief executive officer now owns 2,040,753 shares in the company, valued at approximately $14,285,271. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 27.40% of the stock is owned by corporate insiders.

Concrete Pumping Stock Performance

NASDAQ:BBCP remained flat at $6.50 during trading hours on Friday. 13,890 shares of the company were exchanged, compared to its average volume of 90,237. The company has a market capitalization of $351.78 million, a price-to-earnings ratio of 20.97 and a beta of 1.10. The firm’s 50-day moving average price is $6.57 and its 200-day moving average price is $7.25. Concrete Pumping Holdings, Inc. has a one year low of $5.58 and a one year high of $9.15. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.24 and a quick ratio of 1.17.

Concrete Pumping (NASDAQ:BBCP) last issued its earnings results on Thursday, June 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The business had revenue of $107.06 million during the quarter, compared to analysts’ expectations of $112.97 million. Concrete Pumping had a return on equity of 6.83% and a net margin of 4.25%. Concrete Pumping’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 EPS. Equities analysts anticipate that Concrete Pumping Holdings, Inc. will post 0.39 earnings per share for the current fiscal year.

Concrete Pumping Company Profile

Concrete Pumping Holdings, Inc provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.