Short Interest in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Increases By 31.1%

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 409,700 shares, an increase of 31.1% from the December 31st total of 312,500 shares. Based on an average trading volume of 80,400 shares, the days-to-cover ratio is presently 5.1 days. Currently, 1.8% of the shares of the company are sold short.

Hedge Funds Weigh In On Concrete Pumping

Large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Concrete Pumping by 5.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,900 shares of the company’s stock valued at $432,000 after buying an additional 3,650 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Concrete Pumping in the 2nd quarter worth $26,000. Heirloom Wealth Management raised its position in shares of Concrete Pumping by 8.8% during the third quarter. Heirloom Wealth Management now owns 70,688 shares of the company’s stock worth $409,000 after purchasing an additional 5,717 shares during the period. Empowered Funds LLC lifted its holdings in shares of Concrete Pumping by 1.9% during the fourth quarter. Empowered Funds LLC now owns 310,132 shares of the company’s stock valued at $2,065,000 after purchasing an additional 5,750 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Concrete Pumping by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 564,751 shares of the company’s stock valued at $3,270,000 after purchasing an additional 6,025 shares during the period. Institutional investors own 34.20% of the company’s stock.

Concrete Pumping Stock Performance

Concrete Pumping stock traded up $0.06 during mid-day trading on Thursday, hitting $8.23. 185,795 shares of the company’s stock traded hands, compared to its average volume of 275,031. 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 has a one year low of $5.05 and a one year high of $9.68. The firm has a 50 day moving average price of $7.31 and a 200 day moving average price of $6.42. The company has a market cap of $436.21 million, a PE ratio of 31.66 and a beta of 1.12.

Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $0.16 earnings per share 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, equities analysts forecast that Concrete Pumping will post 0.43 EPS for the current year.

Concrete Pumping Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be given a $1.00 dividend. The ex-dividend date is 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.