Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Short Interest Update

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Get Free Report) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 409,700 shares, an increase of 31.1% from the December 15th total of 312,500 shares. Currently, 1.8% of the shares of the company are short sold. Based on an average trading volume of 80,400 shares, the short-interest ratio is currently 5.1 days.

Institutional Trading of Concrete Pumping

Several institutional investors have recently added to or reduced their stakes in BBCP. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Concrete Pumping during the third quarter worth $2,933,000. Geode Capital Management LLC raised its stake in Concrete Pumping by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 564,751 shares of the company's stock worth $3,270,000 after purchasing an additional 6,025 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Concrete Pumping during the second quarter worth approximately $26,000. JB Capital Partners LP raised its position in shares of Concrete Pumping by 26.2% in the third quarter. JB Capital Partners LP now owns 241,100 shares of the company's stock valued at $1,396,000 after buying an additional 50,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Concrete Pumping by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,550,933 shares of the company's stock valued at $9,322,000 after buying an additional 91,469 shares during the period. 34.20% of the stock is currently owned by institutional investors.

Concrete Pumping Stock Performance

Shares of Concrete Pumping stock traded up $0.10 during trading on Thursday, hitting $8.97. 570,760 shares of the stock were exchanged, compared to its average volume of 193,206. The company has a fifty day moving average price of $6.74 and a 200-day moving average price of $6.24. The stock has a market capitalization of $480.16 million, a price-to-earnings ratio of 34.50 and a beta of 1.12. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 1.19. Concrete Pumping has a 1-year low of $5.05 and a 1-year high of $9.68.

Concrete Pumping (NASDAQ:BBCP - Get Free Report) last released its quarterly earnings data on Wednesday, January 8th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Concrete Pumping had a net margin of 3.81% and a return on equity of 6.25%. As a group, equities analysts predict that Concrete Pumping will post 0.36 EPS for the current fiscal year.

Concrete Pumping Announces Dividend

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

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.

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