109,500 Shares in Shimmick Co. (NASDAQ:SHIM) Bought by LPL Financial LLC

LPL Financial LLC purchased a new position in shares of Shimmick Co. (NASDAQ:SHIM) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 109,500 shares of the company’s stock, valued at approximately $284,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Thompson Davis & CO. Inc. bought a new stake in Shimmick in the 4th quarter worth approximately $96,000. Avanza Fonder AB purchased a new position in shares of Shimmick during the fourth quarter worth approximately $52,000. Sanders Morris Harris LLC lifted its holdings in shares of Shimmick by 20.7% in the 4th quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company’s stock worth $1,846,000 after acquiring an additional 122,442 shares during the last quarter. Finally, State Street Corp purchased a new stake in shares of Shimmick in the 3rd quarter valued at $36,000. 6.94% of the stock is currently owned by hedge funds and other institutional investors.

Shimmick Price Performance

Shares of NASDAQ:SHIM opened at $1.64 on Tuesday. The company’s fifty day moving average is $1.69 and its 200 day moving average is $2.17. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 58.60. Shimmick Co. has a 52 week low of $1.30 and a 52 week high of $4.94. The stock has a market cap of $56.35 million, a PE ratio of -0.42 and a beta of 0.84.

Shimmick (NASDAQ:SHIM) last released its earnings results on Thursday, March 13th. The company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.62). The company had revenue of $103.55 million during the quarter, compared to the consensus estimate of $118.90 million. Shimmick had a negative net margin of 20.16% and a negative return on equity of 355.53%. During the same period last year, the firm posted ($0.59) EPS. Research analysts anticipate that Shimmick Co. will post -2.48 earnings per share for the current year.

Shimmick Company Profile

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects.