525,507 Shares in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Purchased by Seven Six Capital Management LLC

Seven Six Capital Management LLC purchased a new position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 525,507 shares of the company’s stock, valued at approximately $3,500,000. Concrete Pumping accounts for about 3.0% of Seven Six Capital Management LLC’s investment portfolio, making the stock its 16th biggest holding. Seven Six Capital Management LLC owned 0.99% of Concrete Pumping at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BBCP. Cubist Systematic Strategies LLC acquired a new position in shares of Concrete Pumping during the fourth quarter valued at approximately $55,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Concrete Pumping during the fourth quarter valued at approximately $75,000. MetLife Investment Management LLC raised its holdings in shares of Concrete Pumping by 54.0% during the fourth quarter. MetLife Investment Management LLC now owns 11,202 shares of the company’s stock valued at $75,000 after acquiring an additional 3,928 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Concrete Pumping during the fourth quarter valued at approximately $81,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Concrete Pumping by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 13,968 shares of the company’s stock valued at $93,000 after acquiring an additional 3,042 shares during the last quarter. Institutional investors and hedge funds own 34.20% of the company’s stock.

Concrete Pumping Price Performance

BBCP stock opened at $7.09 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.99 and a quick ratio of 1.89. The business has a 50 day simple moving average of $5.94 and a 200-day simple moving average of $6.59. The firm has a market capitalization of $376.13 million, a PE ratio of 27.27 and a beta of 1.12. Concrete Pumping Holdings, Inc. has a 1 year low of $4.78 and a 1 year high of $9.68.

Analyst Ratings Changes

A number of brokerages have commented on BBCP. DA Davidson reduced their target price on Concrete Pumping from $9.50 to $9.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Robert W. Baird reduced their target price on Concrete Pumping from $7.00 to $6.50 and set a “neutral” rating for the company in a 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, the stock currently has a consensus rating of “Hold” and an average target price of $7.44.

Insider Activity

In related news, CEO Bruce F. Young purchased 49,507 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $5.19 per share, for a total transaction of $256,941.33. Following the completion of the transaction, the chief executive officer now directly owns 1,722,622 shares of the company’s stock, valued at approximately $8,940,408.18. This trade represents a 2.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 26.60% of the company’s stock.

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.