Seven Six Capital Management LLC Buys New Position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Seven Six Capital Management LLC bought a new stake in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 525,507 shares of the company's stock, valued at approximately $3,500,000. Concrete Pumping makes up approximately 3.0% of Seven Six Capital Management LLC's holdings, making the stock its 16th largest holding. Seven Six Capital Management LLC owned 0.99% of Concrete Pumping at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP grew its position in shares of Concrete Pumping by 6.5% in the fourth quarter. Marshall Wace LLP now owns 24,993 shares of the company's stock valued at $166,000 after purchasing an additional 1,529 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Concrete Pumping by 0.9% in the fourth quarter. Renaissance Technologies LLC now owns 243,100 shares of the company's stock valued at $1,619,000 after purchasing an additional 2,100 shares during the last quarter. Trexquant Investment LP grew its position in shares of Concrete Pumping by 9.5% in the fourth quarter. Trexquant Investment LP now owns 25,906 shares of the company's stock valued at $173,000 after purchasing an additional 2,238 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Concrete Pumping by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 13,968 shares of the company's stock valued at $93,000 after purchasing an additional 3,042 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Concrete Pumping by 3.7% in the fourth quarter. Federated Hermes Inc. now owns 103,072 shares of the company's stock valued at $686,000 after purchasing an additional 3,654 shares during the last quarter. 34.20% of the stock is currently owned by institutional investors.

Concrete Pumping Trading Down 0.8%

Shares of Concrete Pumping stock traded down $0.06 on Tuesday, hitting $7.13. 44,579 shares of the company's stock traded hands, compared to its average volume of 138,241. The firm's 50-day moving average price is $6.02 and its two-hundred day moving average price is $6.61. The stock has a market capitalization of $378.25 million, a PE ratio of 27.42 and a beta of 1.12. Concrete Pumping Holdings, Inc. has a one year low of $4.78 and a one year high of $9.68. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.99 and a quick ratio of 1.89.

Insider Activity

In other Concrete Pumping news, CEO Bruce F. Young bought 49,507 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $5.19 per share, for a total transaction of $256,941.33. Following the transaction, the chief executive officer now directly owns 1,722,622 shares in the company, valued at approximately $8,940,408.18. This trade represents a 2.96% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 26.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BBCP has been the topic of a number of recent research reports. DA Davidson decreased their target price on Concrete Pumping from $9.50 to $9.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Robert W. Baird decreased their target price on Concrete Pumping from $7.00 to $6.50 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $7.44.

Concrete Pumping Company 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.