1492 Capital Management LLC Has $284,000 Stake in Shimmick Co. (NASDAQ:SHIM)

1492 Capital Management LLC lowered its position in Shimmick Co. (NASDAQ:SHIM - Free Report) by 61.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,535 shares of the company's stock after selling 174,326 shares during the quarter. 1492 Capital Management LLC owned 0.32% of Shimmick worth $284,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SHIM. State Street Corp acquired a new position in shares of Shimmick in the 3rd quarter worth approximately $36,000. Avanza Fonder AB acquired a new position in shares of Shimmick during the 4th quarter worth about $52,000. Thompson Davis & CO. Inc. acquired a new stake in Shimmick during the 4th quarter worth $96,000. LPL Financial LLC bought a new position in Shimmick in the fourth quarter valued at approximately $284,000. Finally, Sanders Morris Harris LLC boosted its stake in 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 purchasing an additional 122,442 shares during the period. Institutional investors and hedge funds own 6.94% of the company's stock.

Shimmick Stock Up 1.5 %

Shares of Shimmick stock traded up $0.02 during trading hours on Wednesday, reaching $1.55. 3,893 shares of the company's stock were exchanged, compared to its average volume of 408,140. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 58.60. The company has a 50 day moving average of $1.73 and a two-hundred day moving average of $2.20. The stock has a market cap of $53.26 million, a P/E ratio of -0.40 and a beta of 0.84. Shimmick Co. has a fifty-two week low of $1.30 and a fifty-two week high of $4.94.

Shimmick (NASDAQ:SHIM - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.62). Shimmick had a negative net margin of 20.16% and a negative return on equity of 355.53%. The business had revenue of $103.55 million for the quarter, compared to analyst estimates of $118.90 million. During the same period in the prior year, the business earned ($0.59) EPS. On average, sell-side analysts forecast that Shimmick Co. will post -2.48 EPS for the current fiscal year.

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.