Limbach Holdings, Inc. (NASDAQ:LMB) Stake Reduced by Isthmus Partners LLC

Isthmus Partners LLC decreased its holdings in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,558 shares of the construction company’s stock after selling 380 shares during the period. Isthmus Partners LLC owned approximately 0.40% of Limbach worth $3,811,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc purchased a new stake in shares of Limbach during the fourth quarter valued at $37,000. US Bancorp DE acquired a new stake in Limbach during the 4th quarter worth about $115,000. Quest Partners LLC purchased a new stake in Limbach during the third quarter valued at about $207,000. Bailard Inc. acquired a new position in shares of Limbach in the fourth quarter worth about $257,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Limbach in the third quarter worth approximately $262,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

Limbach Stock Performance

Shares of LMB opened at $72.69 on Monday. The company has a market capitalization of $819.43 million, a PE ratio of 33.04, a PEG ratio of 2.22 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The company’s 50 day moving average price is $90.72 and its 200 day moving average price is $85.38. Limbach Holdings, Inc. has a 52 week low of $38.03 and a 52 week high of $107.00.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Lake Street Capital upped their price target on shares of Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Stifel Nicolaus reduced their target price on Limbach from $117.00 to $102.00 and set a “buy” rating for the company in a report on Friday. Finally, StockNews.com downgraded Limbach from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

Insider Buying and Selling at Limbach

In other news, Director David Richard Gaboury purchased 531 shares of Limbach stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average cost of $94.51 per share, for a total transaction of $50,184.81. Following the acquisition, the director now directly owns 2,071 shares in the company, valued at $195,730.21. This represents a 34.48 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 10.20% of the company’s stock.

Limbach Profile

Limbach Holdings, Inc operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the construction and renovation projects that involve primarily include mechanical, plumbing, and electrical services.