Limbach Holdings, Inc. (NASDAQ:LMB) Short Interest Update

Limbach Holdings, Inc. (NASDAQ:LMBGet Rating) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 4,400 shares, a drop of 45.0% from the March 15th total of 8,000 shares. Based on an average daily volume of 29,600 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Limbach by 4.7% in the 4th quarter. BlackRock Inc. now owns 32,430 shares of the construction company’s stock valued at $291,000 after purchasing an additional 1,457 shares during the period. Marshall Wace LLP acquired a new position in Limbach in the 4th quarter valued at $91,000. Millennium Management LLC acquired a new position in Limbach in the 4th quarter valued at $230,000. Citadel Advisors LLC acquired a new position in Limbach in the 4th quarter valued at $146,000. Finally, Timelo Investment Management Inc. acquired a new position in Limbach in the 4th quarter valued at $263,000. Institutional investors and hedge funds own 44.26% of the company’s stock.

Shares of NASDAQ LMB traded down $0.05 during midday trading on Friday, hitting $6.50. 7,904 shares of the company’s stock were exchanged, compared to its average volume of 23,421. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.34. Limbach has a 12 month low of $5.83 and a 12 month high of $11.75. The company’s 50 day moving average price is $7.28 and its 200 day moving average price is $7.54. The firm has a market capitalization of $67.73 million, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.75 and a beta of 1.22.

Limbach (NASDAQ:LMBGet Rating) last released its quarterly earnings results on Wednesday, March 16th. The construction company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.08. Limbach had a return on equity of 10.15% and a net margin of 1.37%. During the same period in the prior year, the firm posted $0.05 earnings per share. On average, equities research analysts anticipate that Limbach will post 0.72 EPS for the current year.

A number of research analysts have weighed in on the company. Roth Capital restated a “buy” rating on shares of Limbach in a research note on Monday, March 21st. StockNews.com assumed coverage on Limbach in a research note on Monday, April 11th. They set a “hold” rating for the company. Finally, Zacks Investment Research downgraded Limbach from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 7th.

About Limbach (Get Rating)

Limbach Holdings, Inc operates as an integrated building systems solutions company in the United States. It operates in two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the design, prefabrication, installation, management, and maintenance of mechanical, electrical, plumbing, and control systems, as well as heating, ventilation, air-conditioning (HVAC) system.

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