Sanders Morris Harris LLC increased its position in shares of Shimmick Co. (NASDAQ:SHIM - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 712,665 shares of the company's stock after purchasing an additional 122,442 shares during the period. Sanders Morris Harris LLC owned 2.11% of Shimmick worth $1,846,000 at the end of the most recent quarter.
Separately, E&G Advisors LP acquired a new position in shares of Shimmick in the 3rd quarter valued at $31,000. 6.94% of the stock is owned by institutional investors.
Shimmick Trading Up 6.8 %
Shares of NASDAQ:SHIM traded up $0.17 during midday trading on Thursday, reaching $2.66. 37,621 shares of the company's stock were exchanged, compared to its average volume of 42,312. The stock has a market cap of $89.91 million, a price-to-earnings ratio of -0.68 and a beta of 0.05. Shimmick Co. has a fifty-two week low of $1.47 and a fifty-two week high of $7.99. The firm's 50 day simple moving average is $2.54 and its two-hundred day simple moving average is $2.63. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.80 and a quick ratio of 0.80.
Insiders Place Their Bets
In other Shimmick news, Director Mitchell B. Goldsteen sold 325,000 shares of the company's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $3.26, for a total transaction of $1,059,500.00. Following the transaction, the director now directly owns 21,583,800 shares in the company, valued at $70,363,188. This represents a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 77.00% of the stock is currently owned by insiders.
About Shimmick
(
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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