Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) CEO Sells $35,450.00 in Stock

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

Concrete Pumping Stock Performance

Shares of BBCP stock opened at $6.66 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.10 and a quick ratio of 1.01. The company has a market cap of $358.77 million, a price-to-earnings ratio of 19.03 and a beta of 1.08. The stock has a 50 day simple moving average of $7.82 and a 200-day simple moving average of $7.83. Concrete Pumping Holdings, Inc. has a 1-year low of $6.12 and a 1-year high of $9.15.

Concrete Pumping (NASDAQ:BBCP) last announced its earnings results on Thursday, March 7th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.05). Concrete Pumping had a return on equity of 7.76% and a net margin of 4.81%. The business had revenue of $97.71 million for the quarter, compared to analyst estimates of $98.25 million. On average, equities research analysts expect that Concrete Pumping Holdings, Inc. will post 0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BBCP. Rhumbline Advisers raised its stake in Concrete Pumping by 9.2% in the 1st quarter. Rhumbline Advisers now owns 27,660 shares of the company’s stock valued at $185,000 after purchasing an additional 2,328 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Concrete Pumping by 30.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 356,357 shares of the company’s stock valued at $2,388,000 after purchasing an additional 83,867 shares during the last quarter. Ancora Advisors LLC raised its stake in Concrete Pumping by 12.7% in the 1st quarter. Ancora Advisors LLC now owns 64,656 shares of the company’s stock valued at $479,000 after purchasing an additional 7,310 shares during the last quarter. State Street Corp raised its stake in Concrete Pumping by 1.7% in the 1st quarter. State Street Corp now owns 460,936 shares of the company’s stock valued at $3,088,000 after purchasing an additional 7,556 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Concrete Pumping by 54.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,536 shares of the company’s stock valued at $40,000 after purchasing an additional 2,295 shares during the last quarter. 34.20% of the stock is owned by institutional investors and hedge funds.

Concrete Pumping Company Profile

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.