Hillsdale Investment Management Inc. Invests $345,000 in Concrete Pumping Holdings, Inc. $BBCP

Hillsdale Investment Management Inc. purchased a new position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 48,300 shares of the company’s stock, valued at approximately $345,000. Hillsdale Investment Management Inc. owned 0.10% of Concrete Pumping at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Occudo Quantitative Strategies LP lifted its position in shares of Concrete Pumping by 17.4% during the 4th quarter. Occudo Quantitative Strategies LP now owns 12,314 shares of the company’s stock valued at $83,000 after buying an additional 1,825 shares during the last quarter. Deutsche Bank AG raised its stake in Concrete Pumping by 9.2% in the 4th quarter. Deutsche Bank AG now owns 24,345 shares of the company’s stock valued at $163,000 after acquiring an additional 2,049 shares during the period. Jane Street Group LLC boosted its position in Concrete Pumping by 6.4% during the second quarter. Jane Street Group LLC now owns 33,962 shares of the company’s stock worth $209,000 after purchasing an additional 2,056 shares during the period. BNP Paribas Financial Markets boosted its position in Concrete Pumping by 97.5% during the third quarter. BNP Paribas Financial Markets now owns 4,429 shares of the company’s stock worth $31,000 after purchasing an additional 2,187 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Concrete Pumping by 4.2% in the second quarter. First Trust Advisors LP now owns 77,067 shares of the company’s stock worth $474,000 after purchasing an additional 3,076 shares in the last quarter. 34.20% of the stock is owned by institutional investors.

Insider Transactions at Concrete Pumping

In related news, Director Brent M. Stevens sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $10.65, for a total value of $1,065,000.00. Following the sale, the director directly owned 597,155 shares of the company’s stock, valued at $6,359,700.75. This trade represents a 14.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Iain Humphries sold 96,955 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $10.79, for a total transaction of $1,046,144.45. Following the completion of the transaction, the chief financial officer directly owned 377,812 shares of the company’s stock, valued at approximately $4,076,591.48. This represents a 20.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 346,955 shares of company stock worth $3,726,529 over the last 90 days. Corporate insiders own 28.20% of the company’s stock.

Concrete Pumping Stock Down 1.5%

Shares of NASDAQ:BBCP opened at $10.53 on Friday. The firm has a fifty day moving average price of $9.72 and a two-hundred day moving average price of $7.90. The company has a market cap of $530.61 million, a price-to-earnings ratio of 75.21 and a beta of 0.84. 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 Holdings, Inc. has a one year low of $5.55 and a one year high of $12.19.

Concrete Pumping (NASDAQ:BBCP) last released its quarterly earnings results 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 firm had revenue of $106.80 million during the quarter, compared to the consensus estimate of $96.71 million. Concrete Pumping had a return on equity of 3.47% and a net margin of 2.23%. Analysts anticipate that Concrete Pumping Holdings, Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BBCP has been the subject of several analyst reports. Zacks Research raised shares of Concrete Pumping from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 1st. Robert W. Baird increased their target price on Concrete Pumping from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 9th. Wall Street Zen upgraded Concrete Pumping from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings raised Concrete Pumping from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Concrete Pumping has an average rating of “Moderate Buy” and an average price target of $10.25.

Concrete Pumping Company Profile

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.