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

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

Institutional Investors Weigh In On Concrete Pumping

A number of institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Concrete Pumping by 5.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 71,900 shares of the company’s stock worth $432,000 after buying an additional 3,650 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Concrete Pumping in the second quarter worth about $26,000. Heirloom Wealth Management boosted its stake in Concrete Pumping by 8.8% in the third quarter. Heirloom Wealth Management now owns 70,688 shares of the company’s stock valued at $409,000 after acquiring an additional 5,717 shares during the period. Empowered Funds LLC grew its holdings in shares of Concrete Pumping by 1.9% during the fourth quarter. Empowered Funds LLC now owns 310,132 shares of the company’s stock valued at $2,065,000 after purchasing an additional 5,750 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of 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 during the period. 34.20% of the stock is currently owned by institutional investors.

Concrete Pumping Stock Up 0.7 %

BBCP traded up $0.06 on Thursday, reaching $8.23. The company’s stock had a trading volume of 185,795 shares, compared to its average volume of 275,031. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.99 and a quick ratio of 1.89. Concrete Pumping has a 1 year low of $5.05 and a 1 year high of $9.68. The business’s 50 day moving average is $7.31 and its 200 day moving average is $6.42. The stock has a market cap of $436.21 million, a price-to-earnings ratio of 31.66 and a beta of 1.12.

Concrete Pumping (NASDAQ:BBCP) last released 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 6.19%. As a group, research analysts forecast that Concrete Pumping will post 0.43 EPS for the current fiscal year.

Concrete Pumping Announces Dividend

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