Bruce F. Young Sells 5,000 Shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Stock

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) CEO Bruce F. Young sold 5,000 shares of Concrete Pumping stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $7.09, for a total transaction of $35,450.00. Following the sale, the chief executive officer now directly owns 2,049,275 shares of the company’s stock, valued at approximately $14,529,359.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Concrete Pumping Stock Performance

Concrete Pumping stock opened at $6.66 on Friday. The company has a market capitalization of $358.77 million, a PE ratio of 19.03 and a beta of 1.08. Concrete Pumping Holdings, Inc. has a fifty-two week low of $6.12 and a fifty-two week high of $9.15. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.01 and a current ratio of 1.10. The company has a 50 day moving average price of $7.85 and a 200-day moving average price of $7.85.

Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). The business had revenue of $97.71 million during the quarter, compared to the consensus estimate of $98.25 million. Concrete Pumping had a return on equity of 7.76% and a net margin of 4.81%. As a group, equities analysts forecast that Concrete Pumping Holdings, Inc. will post 0.45 earnings per share for the current year.

Hedge Funds Weigh In On Concrete Pumping

A number of large investors have recently bought and sold shares of BBCP. EAM Investors LLC acquired a new position in shares of Concrete Pumping during the third quarter worth $1,502,000. Janney Montgomery Scott LLC increased its position in shares of Concrete Pumping by 8.7% during the third quarter. Janney Montgomery Scott LLC now owns 47,521 shares of the company’s stock worth $408,000 after purchasing an additional 3,795 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Concrete Pumping during the third quarter worth $117,000. Legato Capital Management LLC increased its position in shares of Concrete Pumping by 2.2% during the third quarter. Legato Capital Management LLC now owns 495,876 shares of the company’s stock worth $4,255,000 after purchasing an additional 10,827 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Concrete Pumping by 4.6% during the third quarter. Bank of New York Mellon Corp now owns 101,213 shares of the company’s stock worth $868,000 after purchasing an additional 4,482 shares in the last quarter. Institutional investors own 34.20% of the company’s stock.

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.