124,000 Shares in Concrete Pumping Holdings, Inc. $BBCP Acquired by North Star Investment Management Corp.

North Star Investment Management Corp. acquired a new position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) in the first quarter, Holdings Channel reports. The fund acquired 124,000 shares of the company’s stock, valued at approximately $885,000.

A number of other hedge funds also recently bought and sold shares of BBCP. Royce & Associates LP grew its stake in Concrete Pumping by 5.4% in the third quarter. Royce & Associates LP now owns 1,767,641 shares of the company’s stock valued at $12,462,000 after purchasing an additional 90,516 shares during the last quarter. Seven Six Capital Management LLC lifted its position in shares of Concrete Pumping by 10.7% during the fourth quarter. Seven Six Capital Management LLC now owns 483,469 shares of the company’s stock valued at $3,244,000 after buying an additional 46,914 shares during the last quarter. OakTrust Wealth Advisors LLC purchased a new stake in shares of Concrete Pumping during the fourth quarter valued at about $71,000. Aristides Capital LLC boosted its holdings in shares of Concrete Pumping by 7.7% in the 4th quarter. Aristides Capital LLC now owns 99,392 shares of the company’s stock valued at $667,000 after buying an additional 7,142 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Concrete Pumping by 97.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,429 shares of the company’s stock valued at $31,000 after buying an additional 2,187 shares in the last quarter. Hedge funds and other institutional investors own 34.20% of the company’s stock.

Insiders Place Their Bets

In related news, Director Brent M. Stevens sold 100,000 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $10.65, for a total transaction of $1,065,000.00. Following the completion of the transaction, the director directly owned 597,155 shares in the company, valued at $6,359,700.75. The trade was a 14.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Iain Humphries sold 96,955 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $10.79, for a total transaction of $1,046,144.45. Following the completion of the sale, the chief financial officer directly owned 377,812 shares in the company, valued at approximately $4,076,591.48. The trade was a 20.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 246,955 shares of company stock worth $2,643,644 in the last quarter. Company insiders own 28.20% of the company’s stock.

Concrete Pumping Price Performance

Shares of NASDAQ BBCP opened at $11.86 on Tuesday. Concrete Pumping Holdings, Inc. has a 52 week low of $5.55 and a 52 week high of $11.98. The business’s 50 day moving average price is $8.82 and its 200 day moving average price is $7.51. The company has a quick ratio of 1.61, a current ratio of 1.73 and a debt-to-equity ratio of 1.59. The firm has a market cap of $597.66 million, a P/E ratio of 84.71 and a beta of 0.94.

Concrete Pumping (NASDAQ:BBCP) last posted its quarterly earnings results on Thursday, June 4th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Concrete Pumping had a return on equity of 3.47% and a net margin of 2.23%.The business had revenue of $106.80 million for the quarter, compared to analysts’ expectations of $96.71 million. On average, sell-side analysts expect that Concrete Pumping Holdings, Inc. will post 0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BBCP shares. Weiss Ratings upgraded shares of Concrete Pumping from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Wall Street Zen upgraded shares of Concrete Pumping from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Robert W. Baird lifted their price target on shares of Concrete Pumping from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Concrete Pumping currently has an average rating of “Hold” and a consensus target price of $10.25.

About Concrete Pumping

Concrete Pumping Holdings, Inc (NASDAQ: BBCP) is a specialized provider of concrete placing and pumping solutions for commercial, residential and infrastructure construction projects. Through its network of regional operating subsidiaries, the company offers boom pumps, line pumps and volumetric concrete mixers, enabling contractors to efficiently deliver and place concrete on jobsites of varying scale and complexity. Concrete Pumping’s services are designed to streamline the concrete placement process, reduce project timelines and improve overall jobsite safety.

Since its formation through a series of strategic acquisitions beginning in 2020, Concrete Pumping Holdings has focused on consolidating regional operators under a unified platform.