Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Sees Large Decrease in Short Interest

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 405,800 shares, a drop of 12.5% from the January 15th total of 464,000 shares. Based on an average daily volume of 160,900 shares, the short-interest ratio is currently 2.5 days. Currently, 1.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BBCP. Allspring Global Investments Holdings LLC purchased a new stake in shares of Concrete Pumping in the 3rd quarter valued at approximately $36,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Concrete Pumping in the fourth quarter valued at $55,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Concrete Pumping in the fourth quarter worth $75,000. MetLife Investment Management LLC grew its holdings in shares of Concrete Pumping by 54.0% during the fourth quarter. MetLife Investment Management LLC now owns 11,202 shares of the company’s stock valued at $75,000 after buying an additional 3,928 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Concrete Pumping during the fourth quarter valued at $81,000. 34.20% of the stock is owned by hedge funds and other institutional investors.

Concrete Pumping Price Performance

NASDAQ:BBCP traded down $0.02 during trading hours on Monday, reaching $7.13. 149,306 shares of the company’s stock were exchanged, compared to its average volume of 307,067. The company has a market capitalization of $377.89 million, a P/E ratio of 27.42 and a beta of 1.15. Concrete Pumping has a 12 month low of $5.05 and a 12 month high of $9.68. The business’s 50-day simple moving average is $7.50 and its two-hundred day simple moving average is $6.50. The company has a quick ratio of 1.89, a current ratio of 1.99 and a debt-to-equity ratio of 1.16.

Concrete Pumping (NASDAQ:BBCP) last issued its earnings results on Wednesday, January 8th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Concrete Pumping had a return on equity of 6.19% and a net margin of 3.81%. Sell-side analysts expect that Concrete Pumping will post 0.43 EPS for the current fiscal year.

Concrete Pumping Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, January 24th.

About Concrete Pumping

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.