Limbach (NASDAQ:LMB) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Limbach (NASDAQ:LMB – Get Rating) in a research note issued on Wednesday. The brokerage set a “hold” rating on the construction company’s stock.

Separately, Roth Capital restated a “buy” rating on shares of Limbach in a report on Monday, March 21st.

Shares of NASDAQ:LMB opened at $5.61 on Wednesday. The company has a market cap of $58.47 million, a P/E ratio of 7.90, a PEG ratio of 0.52 and a beta of 1.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.48 and a current ratio of 1.48. Limbach has a one year low of $5.10 and a one year high of $9.76. The business’s 50-day simple moving average is $6.07 and its 200 day simple moving average is $7.22.

In other news, Director Joshua Horowitz purchased 6,315 shares of the stock in a transaction dated Wednesday, June 1st. The stock was acquired at an average cost of $5.93 per share, for a total transaction of $37,447.95. Following the acquisition, the director now owns 249,835 shares of the company’s stock, valued at $1,481,521.55. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders have acquired a total of 21,814 shares of company stock worth $135,575 over the last 90 days. 14.40% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of LMB. Kirr Marbach & Co. LLC IN increased its holdings in shares of Limbach by 39.0% in the 4th quarter. Kirr Marbach & Co. LLC IN now owns 13,900 shares of the construction company’s stock valued at $125,000 after acquiring an additional 3,900 shares during the last quarter. Royce & Associates LP boosted its position in Limbach by 35.5% during the 4th quarter. Royce & Associates LP now owns 978,622 shares of the construction company’s stock valued at $8,808,000 after purchasing an additional 256,542 shares during the period. Victory Capital Management Inc. boosted its position in Limbach by 1,694.2% during the 4th quarter. Victory Capital Management Inc. now owns 180,440 shares of the construction company’s stock valued at $1,624,000 after purchasing an additional 170,383 shares during the period. Timelo Investment Management Inc. acquired a new position in Limbach during the 4th quarter valued at approximately $263,000. Finally, Dimensional Fund Advisors LP boosted its position in Limbach by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 431,681 shares of the construction company’s stock valued at $3,000,000 after purchasing an additional 16,924 shares during the period. Institutional investors and hedge funds own 41.94% of the company’s stock.

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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