Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Shares Acquired by Aristides Capital LLC

Aristides Capital LLC increased its stake in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,946 shares of the company’s stock after buying an additional 7,870 shares during the quarter. Aristides Capital LLC owned about 0.14% of Concrete Pumping worth $486,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in shares of Concrete Pumping by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 13,968 shares of the company’s stock valued at $93,000 after purchasing an additional 3,042 shares during the last quarter. JB Capital Partners LP grew its position in Concrete Pumping by 17.0% in the 4th quarter. JB Capital Partners LP now owns 282,100 shares of the company’s stock valued at $1,879,000 after buying an additional 41,000 shares during the last quarter. Trexquant Investment LP grew its position in Concrete Pumping by 9.5% in the 4th quarter. Trexquant Investment LP now owns 25,906 shares of the company’s stock valued at $173,000 after buying an additional 2,238 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Concrete Pumping during the 4th quarter worth $75,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Concrete Pumping by 19.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 240,933 shares of the company’s stock worth $1,605,000 after buying an additional 38,705 shares during the last quarter. Institutional investors and hedge funds own 34.20% of the company’s stock.

Concrete Pumping Price Performance

Shares of NASDAQ BBCP opened at $5.45 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.89 and a current ratio of 1.99. Concrete Pumping Holdings, Inc. has a one year low of $4.78 and a one year high of $9.68. The firm has a market capitalization of $289.13 million, a P/E ratio of 20.96 and a beta of 1.01. The company’s fifty day moving average is $6.57 and its two-hundred day moving average is $6.49.

Concrete Pumping (NASDAQ:BBCP) last released its quarterly earnings data on Wednesday, January 8th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Concrete Pumping had a net margin of 3.81% and a return on equity of 6.19%. Analysts forecast that Concrete Pumping Holdings, Inc. will post 0.43 EPS for the current fiscal year.

Concrete Pumping Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, January 24th.

Insider Buying and Selling

In other news, CEO Bruce F. Young purchased 49,507 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $5.19 per share, for a total transaction of $256,941.33. Following the completion of the transaction, the chief executive officer now directly owns 1,722,622 shares in the company, valued at $8,940,408.18. This represents a 2.96 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 26.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. DA Davidson dropped their price target on shares of Concrete Pumping from $9.50 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Robert W. Baird lowered their price objective on Concrete Pumping from $7.00 to $6.50 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.44.

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.