Short Interest in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Expands By 31.1%

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

Hedge Funds Weigh In On Concrete Pumping

A number of institutional investors have recently modified their holdings of the business. Rhumbline Advisers boosted its stake in Concrete Pumping by 4.4% in the second quarter. Rhumbline Advisers now owns 38,239 shares of the company’s stock valued at $230,000 after buying an additional 1,623 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Concrete Pumping by 5.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,900 shares of the company’s stock worth $432,000 after acquiring an additional 3,650 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Concrete Pumping in the 2nd quarter valued at approximately $26,000. Heirloom Wealth Management grew its holdings in shares of Concrete Pumping by 8.8% during the 3rd quarter. Heirloom Wealth Management now owns 70,688 shares of the company’s stock valued at $409,000 after purchasing an additional 5,717 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Concrete Pumping by 1.1% during 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. Institutional investors and hedge funds own 34.20% of the company’s stock.

Concrete Pumping Price Performance

BBCP traded up $0.10 on Thursday, hitting $8.97. 570,760 shares of the stock were exchanged, compared to its average volume of 193,206. The firm 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 debt-to-equity ratio of 1.19, a current ratio of 1.54 and a quick ratio of 1.44. Concrete Pumping has a 12 month low of $5.05 and a 12 month high of $9.68. The business has a 50-day moving average of $6.74 and a two-hundred day moving average of $6.24.

Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings results on Wednesday, January 8th. The company reported $0.16 earnings per share 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 6.25%. Sell-side analysts forecast that Concrete Pumping will post 0.36 EPS for the current fiscal year.

Concrete Pumping Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be paid a $1.00 dividend. 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.