Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Short Interest Update

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

Concrete Pumping Trading Down 2.0 %

BBCP opened at $8.79 on Friday. The firm has a market capitalization of $470.53 million, a P/E ratio of 33.81 and a beta of 1.12. The firm’s 50 day moving average is $6.80 and its 200-day moving average is $6.26. The company has a quick ratio of 1.44, a current ratio of 1.54 and a debt-to-equity ratio of 1.19. Concrete Pumping has a 52-week low of $5.05 and a 52-week high of $9.68.

Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $0.16 EPS 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%. Analysts expect that Concrete Pumping will post 0.36 EPS for the current fiscal year.

Concrete Pumping Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, January 24th.

Institutional Trading of Concrete Pumping

Institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its position in shares of Concrete Pumping by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 38,239 shares of the company’s stock valued at $230,000 after acquiring an additional 1,623 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Concrete Pumping by 5.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,900 shares of the company’s stock valued at $432,000 after purchasing an additional 3,650 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Concrete Pumping during the second quarter worth $26,000. Heirloom Wealth Management lifted its position in shares of Concrete Pumping by 8.8% in the 3rd quarter. Heirloom Wealth Management now owns 70,688 shares of the company’s stock worth $409,000 after buying an additional 5,717 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Concrete Pumping by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 564,751 shares of the company’s stock valued at $3,270,000 after buying an additional 6,025 shares during the period. 34.20% of the stock is owned by institutional investors and hedge funds.

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.