Bridgeway Capital Management LLC Decreases Holdings in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Bridgeway Capital Management LLC reduced its stake in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 573,132 shares of the company's stock after selling 44,250 shares during the period. Bridgeway Capital Management LLC owned 1.08% of Concrete Pumping worth $3,817,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Jennison Associates LLC increased its position in Concrete Pumping by 10.8% in the 4th quarter. Jennison Associates LLC now owns 1,722,754 shares of the company's stock valued at $11,474,000 after buying an additional 167,262 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Concrete Pumping by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,698,941 shares of the company's stock worth $11,315,000 after buying an additional 56,048 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Concrete Pumping by 13.9% during the fourth quarter. Royce & Associates LP now owns 1,448,577 shares of the company's stock valued at $9,648,000 after buying an additional 176,490 shares during the last quarter. Empowered Funds LLC lifted its position in Concrete Pumping by 1.9% in the 4th quarter. Empowered Funds LLC now owns 310,132 shares of the company's stock valued at $2,065,000 after acquiring an additional 5,750 shares in the last quarter. Finally, JB Capital Partners LP boosted its stake in Concrete Pumping by 17.0% during the 4th quarter. JB Capital Partners LP now owns 282,100 shares of the company's stock valued at $1,879,000 after purchasing an additional 41,000 shares during the last quarter. Institutional investors and hedge funds own 34.20% of the company's stock.

Insider Buying and Selling at Concrete Pumping

In related news, CEO Bruce F. Young bought 49,507 shares of the company's stock in a transaction on 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 in the company, valued at $8,940,408.18. This trade represents a 2.96% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 26.60% of the company's stock.

Wall Street Analysts Forecast Growth

BBCP has been the topic of several recent analyst reports. Robert W. Baird dropped their price objective on Concrete Pumping from $7.00 to $6.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. DA Davidson decreased their price objective on Concrete Pumping from $9.50 to $9.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.44.

Concrete Pumping Price Performance

Shares of Concrete Pumping stock traded down $0.01 on Wednesday, reaching $7.04. The stock had a trading volume of 53,287 shares, compared to its average volume of 138,042. The business's 50 day moving average is $5.86 and its two-hundred day moving average is $6.56. The company has a market cap of $373.48 million, a P/E ratio of 27.08 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. The company has a current ratio of 1.99, a quick ratio of 1.89 and a debt-to-equity ratio of 1.16.

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.