Pacific Ridge Capital Partners LLC lifted its position in shares of Shimmick Co. (NASDAQ:SHIM - Free Report) by 41.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 486,160 shares of the company's stock after buying an additional 141,861 shares during the period. Pacific Ridge Capital Partners LLC owned about 1.44% of Shimmick worth $1,259,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of SHIM. State Street Corp bought a new position in Shimmick in the third quarter valued at $36,000. Avanza Fonder AB bought a new position in Shimmick in the fourth quarter valued at approximately $52,000. Thompson Davis & CO. Inc. acquired a new position in shares of Shimmick during the 4th quarter worth approximately $96,000. LPL Financial LLC acquired a new stake in shares of Shimmick in the 4th quarter valued at approximately $284,000. Finally, Sanders Morris Harris LLC grew its stake in shares of Shimmick by 20.7% in the fourth quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company's stock valued at $1,846,000 after buying an additional 122,442 shares in the last quarter. 6.94% of the stock is currently owned by institutional investors.
Shimmick Stock Performance
NASDAQ:SHIM traded down $0.03 during mid-day trading on Monday, hitting $1.75. The stock had a trading volume of 2,534 shares, compared to its average volume of 16,757. The company's 50 day simple moving average is $2.11 and its 200 day simple moving average is $2.35. The stock has a market cap of $60.13 million, a price-to-earnings ratio of -0.45 and a beta of 0.59. The company has a debt-to-equity ratio of 58.60, a quick ratio of 0.80 and a current ratio of 0.80. Shimmick Co. has a twelve month low of $1.47 and a twelve month high of $5.91.
Shimmick (NASDAQ:SHIM - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.62). The business had revenue of $103.55 million for the quarter, compared to analyst estimates of $118.90 million. Shimmick had a negative net margin of 20.16% and a negative return on equity of 355.53%. During the same period in the prior year, the business earned ($0.59) EPS. On average, equities research analysts forecast that Shimmick Co. will post -2.48 earnings per share for the current year.
Shimmick Profile
(
Free Report)
Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects.
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