Shimmick (NASDAQ:SHIM) Director Sells $13,293.00 in Stock

Shimmick Corporation (NASDAQ:SHIM) Director Mitchell Goldsteen sold 6,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $2.11, for a total transaction of $13,293.00. Following the sale, the director directly owned 21,165,113 shares of the company’s stock, valued at approximately $44,658,388.43. The trade was a 0.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shimmick Trading Down 1.4%

NASDAQ SHIM opened at $2.74 on Thursday. The firm has a market cap of $96.64 million, a price-to-earnings ratio of -1.60 and a beta of 0.82. The company has a 50 day moving average of $1.95 and a 200-day moving average of $1.82. Shimmick Corporation has a 1-year low of $1.30 and a 1-year high of $3.78.

Institutional Trading of Shimmick

Several hedge funds have recently modified their holdings of the company. Sanders Morris Harris LLC increased its holdings in shares of Shimmick by 0.8% during the second quarter. Sanders Morris Harris LLC now owns 749,173 shares of the company’s stock worth $1,281,000 after buying an additional 6,232 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Shimmick during the fourth quarter worth approximately $284,000. Finally, Thompson Davis & CO. Inc. lifted its position in shares of Shimmick by 22.2% during the second quarter. Thompson Davis & CO. Inc. now owns 55,000 shares of the company’s stock worth $94,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 6.94% of the company’s stock.

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.