87,017 Shares in Concrete Pumping Holdings, Inc. $BBCP Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 87,017 shares of the company’s stock, valued at approximately $1,049,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Concrete Pumping by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,082,792 shares of the company’s stock valued at $14,869,000 after purchasing an additional 81,318 shares in the last quarter. Royce & Associates LP raised its position in Concrete Pumping by 1.1% during the fourth quarter. Royce & Associates LP now owns 1,787,807 shares of the company’s stock worth $11,996,000 after acquiring an additional 20,166 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in Concrete Pumping by 3.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 617,887 shares of the company’s stock worth $4,146,000 after acquiring an additional 19,171 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in Concrete Pumping by 0.9% in the second quarter. Bridgeway Capital Management LLC now owns 589,961 shares of the company’s stock valued at $3,628,000 after acquiring an additional 5,224 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of Concrete Pumping by 11.3% in the 4th quarter. First Eagle Investment Management LLC now owns 539,689 shares of the company’s stock valued at $3,621,000 after acquiring an additional 54,784 shares during the period. Institutional investors own 34.20% of the company’s stock.

Insider Activity at Concrete Pumping

In other news, Director Brent M. Stevens sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $10.65, for a total value of $1,065,000.00. Following the transaction, the director owned 597,155 shares of the company’s stock, valued at approximately $6,359,700.75. This represents a 14.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Iain Humphries sold 96,955 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $10.79, for a total value of $1,046,144.45. Following the transaction, the chief financial officer owned 377,812 shares in the company, valued at approximately $4,076,591.48. This trade represents a 20.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 346,955 shares of company stock worth $3,726,529 in the last ninety days. 28.20% of the stock is owned by company insiders.

Concrete Pumping Price Performance

NASDAQ:BBCP opened at $9.60 on Tuesday. Concrete Pumping Holdings, Inc. has a one year low of $5.55 and a one year high of $12.19. The company has a market cap of $483.74 million, a P/E ratio of 68.57 and a beta of 0.86. The firm’s fifty day moving average price is $10.59 and its two-hundred day moving average price is $8.40. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.73 and a quick ratio of 1.61.

Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The company had revenue of $106.80 million during the quarter, compared to the consensus estimate of $96.71 million. Concrete Pumping had a net margin of 2.23% and a return on equity of 3.47%. Equities analysts expect that Concrete Pumping Holdings, Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BBCP. Robert W. Baird boosted their price objective on shares of Concrete Pumping from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 9th. 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 Concrete Pumping from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Zacks Research downgraded Concrete Pumping from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Texas Capital upgraded Concrete Pumping to a “strong-buy” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Concrete Pumping presently has a consensus rating of “Moderate Buy” and a consensus price target 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.