Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Sees Significant Decline in Short Interest

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) was the recipient of a large drop in short interest during the month of 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 trading volume, of 160,900 shares, the short-interest ratio is currently 2.5 days. Currently, 1.8% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BBCP. Allspring Global Investments Holdings LLC purchased a new position in Concrete Pumping in the 3rd quarter worth approximately $36,000. Cubist Systematic Strategies LLC bought a new stake in shares of Concrete Pumping in the fourth quarter worth about $55,000. MetLife Investment Management LLC increased its holdings in shares of Concrete Pumping by 54.0% in the 4th quarter. MetLife Investment Management LLC now owns 11,202 shares of the company’s stock worth $75,000 after buying an additional 3,928 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Concrete Pumping in the fourth quarter worth approximately $75,000. Finally, SG Americas Securities LLC purchased a new position in Concrete Pumping in the 4th quarter worth about $81,000. 34.20% of the stock is currently owned by institutional investors.

Concrete Pumping Stock Performance

Shares of NASDAQ:BBCP traded down $0.02 during trading on Monday, hitting $7.13. The company’s stock had a trading volume of 149,306 shares, compared to its average volume of 307,067. The company has a 50-day moving average of $7.50 and a 200-day moving average of $6.50. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.99 and a quick ratio of 1.89. The firm has a market cap of $377.89 million, a price-to-earnings 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.

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

Concrete Pumping Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were given 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.