236,348 Shares in Concrete Pumping Holdings, Inc. $BBCP Purchased by Algert Global LLC

Algert Global LLC acquired a new stake in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 236,348 shares of the company's stock, valued at approximately $2,848,000. Algert Global LLC owned about 0.47% of Concrete Pumping as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in Concrete Pumping in the second quarter worth about $16,061,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Concrete Pumping during the second quarter valued at approximately $5,901,000. JB Capital Partners LP purchased a new stake in shares of Concrete Pumping during the second quarter valued at approximately $4,113,870. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Concrete Pumping during the second quarter valued at approximately $1,680,000. Finally, North Star Investment Management Corp. bought a new stake in shares of Concrete Pumping during the first quarter valued at approximately $885,000. 34.20% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Iain Humphries sold 96,955 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $10.79, for a total transaction of $1,046,144.45. Following the completion of the sale, the chief financial officer owned 377,812 shares in the company, valued at approximately $4,076,591.48. This trade represents a 20.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brent M. Stevens sold 100,000 shares of Concrete Pumping stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $10.65, for a total value of $1,065,000.00. Following the sale, the director directly owned 597,155 shares in the company, valued at $6,359,700.75. This trade represents a 14.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 346,955 shares of company stock worth $3,726,529 over the last 90 days. Company insiders own 28.20% of the company's stock.

Concrete Pumping Stock Down 2.3%

BBCP stock opened at $9.21 on Friday. The business's 50-day moving average price is $10.30 and its 200-day moving average price is $8.59. The stock has a market cap of $464.09 million, a P/E ratio of 65.79 and a beta of 0.86. The company has a quick ratio of 1.61, a current ratio of 1.73 and a debt-to-equity ratio of 1.59. Concrete Pumping Holdings, Inc. has a twelve month low of $5.55 and a twelve month high of $12.19.

Concrete Pumping (NASDAQ:BBCP - Get Free Report) last released its earnings results on Thursday, June 4th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $106.80 million during the quarter, compared to analysts' expectations of $96.71 million. Concrete Pumping had a return on equity of 3.47% and a net margin of 2.23%. On average, equities research analysts forecast that Concrete Pumping Holdings, Inc. will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

BBCP has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Concrete Pumping from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Weiss Ratings upgraded Concrete Pumping from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, June 5th. Wall Street Zen lowered Concrete Pumping from a "buy" rating to a "hold" rating in a report on Saturday. Robert W. Baird boosted their price target on Concrete Pumping from $8.00 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 9th. Finally, Texas Capital raised Concrete Pumping to a "strong-buy" rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Concrete Pumping has an average rating of "Moderate Buy" and a consensus price target of $10.25.

About Concrete Pumping

Concrete Pumping Holdings, Inc NASDAQ: BBCP is a specialized provider of concrete placing and pumping solutions for commercial, residential and infrastructure construction projects. Through its network of regional operating subsidiaries, the company offers boom pumps, line pumps and volumetric concrete mixers, enabling contractors to efficiently deliver and place concrete on jobsites of varying scale and complexity. Concrete Pumping’s services are designed to streamline the concrete placement process, reduce project timelines and improve overall jobsite safety.

Since its formation through a series of strategic acquisitions beginning in 2020, Concrete Pumping Holdings has focused on consolidating regional operators under a unified platform.

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