Limbach Holdings, Inc. (LMB) Director Sells $6,425,000.00 in Stock
Limbach Holdings, Inc. (NASDAQ:LMB) Director Larry G. Swets, Jr. sold 500,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $12.85, for a total value of $6,425,000.00. Following the completion of the sale, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $128,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Limbach Holdings, Inc. (LMB) opened at $12.94 on Thursday. Limbach Holdings, Inc. has a 52-week low of $11.14 and a 52-week high of $15.22. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.31 and a quick ratio of 1.31.
Several brokerages recently weighed in on LMB. Zacks Investment Research lowered Limbach from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 18th. Roth Capital set a $18.00 price objective on Limbach and gave the stock a “buy” rating in a research report on Monday, November 13th.
An institutional investor recently bought a new position in Limbach stock. Arbor Wealth Management LLC acquired a new position in Limbach Holdings, Inc. (NASDAQ:LMB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,281 shares of the construction company’s stock, valued at approximately $220,000. Arbor Wealth Management LLC owned 0.22% of Limbach as of its most recent filing with the Securities & Exchange Commission. 22.64% of the stock is currently owned by institutional investors and hedge funds.
Limbach Company Profile
Limbach Holdings, Inc provides commercial specialty contractor services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of HVAC (heating, ventilation, and air-conditioning), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.
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