Short Interest in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Increases By 31.1%

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 409,700 shares, a growth of 31.1% from the December 15th total of 312,500 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 80,400 shares, the days-to-cover ratio is currently 5.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Mill Road Capital Management LLC increased its holdings in 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 buying an additional 526,379 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Concrete Pumping in the third quarter worth $2,933,000. Dimensional Fund Advisors LP raised its holdings in shares of Concrete Pumping by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,550,933 shares of the company’s stock worth $9,322,000 after purchasing an additional 91,469 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in Concrete Pumping during the third quarter valued at $371,000. Finally, JB Capital Partners LP boosted its holdings in Concrete Pumping by 26.2% in the third quarter. JB Capital Partners LP now owns 241,100 shares of the company’s stock valued at $1,396,000 after purchasing an additional 50,000 shares during the last quarter. 34.20% of the stock is currently owned by hedge funds and other institutional investors.

Concrete Pumping Stock Down 2.0 %

Shares of NASDAQ BBCP traded down $0.18 during trading hours on Friday, hitting $8.79. 261,600 shares of the stock were exchanged, compared to its average volume of 62,544. Concrete Pumping has a 12 month low of $5.05 and a 12 month high of $9.68. The firm has a fifty day moving average price of $6.80 and a 200-day moving average price of $6.26. The company has a quick ratio of 1.44, a current ratio of 1.54 and a debt-to-equity ratio of 1.19. The company has a market cap of $470.53 million, a PE ratio of 33.81 and a beta of 1.12.

Concrete Pumping (NASDAQ:BBCP) last announced its earnings results on Wednesday, January 8th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Concrete Pumping had a return on equity of 6.25% and a net margin of 3.81%. On average, sell-side analysts expect that Concrete Pumping will post 0.36 EPS for the current year.

Concrete Pumping Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, January 24th.

About Concrete Pumping

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.