Diamond Hill Capital Management Inc. Has $4.68 Million Stock Holdings in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Diamond Hill Capital Management Inc. reduced its holdings in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Free Report) by 35.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 701,941 shares of the company's stock after selling 393,183 shares during the period. Diamond Hill Capital Management Inc. owned approximately 1.32% of Concrete Pumping worth $4,675,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BBCP. Empowered Funds LLC increased its position in Concrete Pumping by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 304,382 shares of the company's stock worth $1,762,000 after buying an additional 15,410 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of Concrete Pumping during the third quarter valued at approximately $371,000. JB Capital Partners LP increased its position in shares of Concrete Pumping by 26.2% during the third quarter. JB Capital Partners LP now owns 241,100 shares of the company's stock valued at $1,396,000 after purchasing an additional 50,000 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Concrete Pumping during the third quarter valued at approximately $2,933,000. Finally, Mill Road Capital Management LLC increased its position in shares of Concrete Pumping by 96.8% during the third quarter. Mill Road Capital Management LLC now owns 1,070,405 shares of the company's stock valued at $6,198,000 after purchasing an additional 526,379 shares during the period. 34.20% of the stock is owned by institutional investors.

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Concrete Pumping Price Performance

NASDAQ:BBCP traded up $0.10 during trading hours on Wednesday, reaching $5.85. The company had a trading volume of 149,880 shares, compared to its average volume of 120,144. The stock has a 50-day moving average of $7.28 and a two-hundred day moving average of $6.51. 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 $310.07 million, a PE ratio of 22.50 and a beta of 1.25. The company has a quick ratio of 1.89, a current ratio of 1.99 and a debt-to-equity ratio of 1.16.

Concrete Pumping (NASDAQ:BBCP - Get Free Report) last announced its quarterly earnings results on Wednesday, January 8th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Concrete Pumping had a return on equity of 6.19% and a net margin of 3.81%. Analysts forecast that Concrete Pumping Holdings, Inc. will post 0.43 earnings per share for the current year.

Concrete Pumping Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were paid a $1.00 dividend. The ex-dividend date was Friday, January 24th.

Insiders Place Their Bets

In other Concrete Pumping news, CEO Bruce F. Young acquired 49,507 shares of Concrete Pumping stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $5.19 per share, with a total value of $256,941.33. Following the completion of the purchase, the chief executive officer now owns 1,722,622 shares in the company, valued at $8,940,408.18. This trade represents a 2.96 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 26.60% of the company's stock.

Analysts Set New Price Targets

BBCP has been the topic of a number of research reports. 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 research report on Wednesday, March 12th. DA Davidson lowered their price objective on Concrete Pumping from $9.50 to $9.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $7.44.

Concrete Pumping 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.