Connor Clark & Lunn Investment Management Ltd. Purchases 11,765 Shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Connor Clark & Lunn Investment Management Ltd. grew its position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 8.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 152,121 shares of the company’s stock after acquiring an additional 11,765 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Concrete Pumping were worth $1,013,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BBCP. Mill Road Capital Management LLC lifted its position in shares of Concrete Pumping by 96.8% in the 3rd quarter. Mill Road Capital Management LLC now owns 1,070,405 shares of the company’s stock worth $6,198,000 after acquiring an additional 526,379 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Concrete Pumping in the 3rd quarter worth approximately $2,933,000. Jennison Associates LLC lifted its position in shares of Concrete Pumping by 10.8% in the 4th quarter. Jennison Associates LLC now owns 1,722,754 shares of the company’s stock worth $11,474,000 after acquiring an additional 167,262 shares during the period. Landscape Capital Management L.L.C. bought a new position in shares of Concrete Pumping during the 3rd quarter worth approximately $371,000. Finally, JB Capital Partners LP lifted its position in shares of Concrete Pumping by 26.2% during the 3rd quarter. JB Capital Partners LP now owns 241,100 shares of the company’s stock worth $1,396,000 after buying an additional 50,000 shares during the period. Institutional investors own 34.20% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on BBCP. Robert W. Baird cut their target price on Concrete Pumping from $7.00 to $6.50 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. DA Davidson cut their target price on Concrete Pumping from $9.50 to $9.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Concrete Pumping presently has an average rating of “Hold” and an average target price of $7.44.

Insider Activity at Concrete Pumping

In other news, CEO Bruce F. Young bought 49,507 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $5.19 per share, with a total value of $256,941.33. Following the purchase, the chief executive officer now owns 1,722,622 shares of the company’s stock, valued at approximately $8,940,408.18. This represents a 2.96 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 26.60% of the company’s stock.

Concrete Pumping Trading Down 1.0 %

BBCP stock opened at $5.79 on Friday. The business has a fifty day moving average price of $7.25 and a 200 day moving average price of $6.51. Concrete Pumping Holdings, Inc. has a fifty-two week low of $4.78 and a fifty-two week high of $9.68. The stock has a market capitalization of $306.89 million, a price-to-earnings ratio of 22.27 and a beta of 1.25. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.99 and a quick ratio of 1.89.

Concrete Pumping (NASDAQ:BBCP) last released its quarterly earnings results on Wednesday, January 8th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Concrete Pumping had a return on equity of 6.19% and a net margin of 3.81%. Analysts expect that Concrete Pumping Holdings, Inc. will post 0.43 EPS for the current fiscal year.

Concrete Pumping Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, January 24th.

Concrete Pumping 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.