GSA Capital Partners LLP Makes New $1.05 Million Investment in Concrete Pumping Holdings, Inc. $BBCP

GSA Capital Partners LLP bought a new position in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 87,017 shares of the company’s stock, valued at approximately $1,049,000. GSA Capital Partners LLP owned about 0.17% of Concrete Pumping as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BBCP. BNP Paribas Financial Markets increased its holdings in shares of Concrete Pumping by 97.5% in the third quarter. BNP Paribas Financial Markets now owns 4,429 shares of the company’s stock valued at $31,000 after purchasing an additional 2,187 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Concrete Pumping during the 1st quarter worth $54,000. Strs Ohio bought a new position in Concrete Pumping in the 1st quarter valued at $62,000. Verition Fund Management LLC bought a new position in Concrete Pumping in the 4th quarter valued at $69,000. Finally, OakTrust Wealth Advisors LLC acquired a new stake in shares of Concrete Pumping in the 4th quarter valued at $71,000. 34.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Concrete Pumping

In other news, Director Brent M. Stevens sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $10.65, for a total value of $1,065,000.00. Following the completion of the transaction, the director owned 597,155 shares in the company, valued at $6,359,700.75. This represents a 14.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Iain Humphries sold 96,955 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $10.79, for a total transaction of $1,046,144.45. Following the sale, the chief financial officer directly owned 377,812 shares of the company’s stock, valued at $4,076,591.48. This represents a 20.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 346,955 shares of company stock valued at $3,726,529 in the last quarter. Corporate insiders own 28.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Zacks Research downgraded Concrete Pumping from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Weiss Ratings upgraded Concrete Pumping from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Robert W. Baird boosted their price objective on Concrete Pumping from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Wall Street Zen upgraded shares of Concrete Pumping from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, Texas Capital raised shares of Concrete Pumping to a “strong-buy” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Concrete Pumping has a consensus rating of “Moderate Buy” and a consensus target price of $10.25.

Concrete Pumping Stock Performance

Shares of Concrete Pumping stock opened at $9.60 on Tuesday. Concrete Pumping Holdings, Inc. has a 12 month low of $5.55 and a 12 month high of $12.19. The company has a current ratio of 1.73, a quick ratio of 1.61 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $483.74 million, a PE ratio of 68.57 and a beta of 0.86. The stock’s fifty day simple moving average is $10.59 and its 200 day simple moving average is $8.40.

Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). Concrete Pumping had a net margin of 2.23% and a return on equity of 3.47%. The business had revenue of $106.80 million during the quarter, compared to analyst estimates of $96.71 million. On average, research analysts predict that Concrete Pumping Holdings, Inc. will post 0.17 EPS for the current year.

Concrete Pumping Profile

Concrete Pumping Holdings, Inc (NASDAQ: BBCP) is a specialized provider of concrete placing and pumping solutions for commercial, residential and infrastructure construction projects. Through its network of regional operating subsidiaries, the company offers boom pumps, line pumps and volumetric concrete mixers, enabling contractors to efficiently deliver and place concrete on jobsites of varying scale and complexity. Concrete Pumping’s services are designed to streamline the concrete placement process, reduce project timelines and improve overall jobsite safety.

Since its formation through a series of strategic acquisitions beginning in 2020, Concrete Pumping Holdings has focused on consolidating regional operators under a unified platform.