Mitchell Goldsteen Sells 30,805 Shares of Shimmick (NASDAQ:SHIM) Stock

Shimmick Corporation (NASDAQ:SHIM) Director Mitchell Goldsteen sold 30,805 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $2.23, for a total transaction of $68,695.15. Following the sale, the director directly owned 21,134,308 shares of the company’s stock, valued at approximately $47,129,506.84. This trade represents a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shimmick Stock Performance

Shares of NASDAQ:SHIM opened at $2.74 on Thursday. Shimmick Corporation has a 52 week low of $1.30 and a 52 week high of $3.78. The company has a market capitalization of $96.64 million, a PE ratio of -1.60 and a beta of 0.82. The company has a 50 day moving average price of $1.95 and a two-hundred day moving average price of $1.82.

Institutional Investors Weigh In On Shimmick

Large investors have recently bought and sold shares of the company. Thompson Davis & CO. Inc. increased its stake in Shimmick by 21.6% in the first quarter. Thompson Davis & CO. Inc. now owns 45,000 shares of the company’s stock valued at $81,000 after purchasing an additional 8,000 shares in the last quarter. LPL Financial LLC bought a new stake in Shimmick in the fourth quarter valued at approximately $284,000. Finally, Sanders Morris Harris LLC increased its stake in Shimmick by 0.8% in the second quarter. Sanders Morris Harris LLC now owns 749,173 shares of the company’s stock valued at $1,281,000 after purchasing an additional 6,232 shares in the last quarter. Institutional investors own 6.94% of the company’s stock.

About Shimmick

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.