Sanders Morris Harris LLC Boosts Stock Holdings in Shimmick Co. (NASDAQ:SHIM)

Sanders Morris Harris LLC increased its position in shares of Shimmick Co. (NASDAQ:SHIM) by 20.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 712,665 shares of the company’s stock after acquiring an additional 122,442 shares during the quarter. Sanders Morris Harris LLC’s holdings in Shimmick were worth $1,846,000 as of its most recent SEC filing.

Separately, State Street Corp acquired a new position in shares of Shimmick during the third quarter worth $36,000. 6.94% of the stock is currently owned by institutional investors.

Shimmick Stock Up 1.2 %

Shares of SHIM stock traded up $0.03 on Thursday, reaching $2.52. 2,321 shares of the stock were exchanged, compared to its average volume of 38,670. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 58.60. Shimmick Co. has a twelve month low of $1.47 and a twelve month high of $7.99. The company has a market capitalization of $85.18 million, a price-to-earnings ratio of -0.64 and a beta of 0.05. The business’s 50 day moving average price is $2.54 and its 200 day moving average price is $2.63.

Insider Buying and Selling at Shimmick

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 shares were sold at an average price of $3.26, for a total value of $1,059,500.00. Following the completion of the transaction, the director now 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 legal filing with the SEC, which is available at this hyperlink. 77.00% of the stock is currently owned by insiders.

Shimmick Company Profile

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.