GAMMA Investing LLC Purchases 3,775 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

GAMMA Investing LLC boosted its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 16,413.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,798 shares of the construction company's stock after purchasing an additional 3,775 shares during the period. GAMMA Investing LLC's holdings in Limbach were worth $283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kings Path Partners LLC bought a new position in Limbach in the 1st quarter valued at $300,000. Versant Capital Management Inc increased its stake in Limbach by 592.6% in the 1st quarter. Versant Capital Management Inc now owns 374 shares of the construction company's stock worth $28,000 after buying an additional 320 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Limbach by 81.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,358 shares of the construction company's stock valued at $1,314,000 after buying an additional 6,871 shares in the last quarter. State of Wyoming lifted its holdings in Limbach by 6.6% during the 4th quarter. State of Wyoming now owns 10,879 shares of the construction company's stock valued at $931,000 after buying an additional 676 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC purchased a new stake in Limbach in the 4th quarter valued at about $5,041,000. 55.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Limbach

In other news, insider Jay Sharp sold 2,000 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $137.49, for a total transaction of $274,980.00. Following the sale, the insider now directly owns 69,877 shares of the company's stock, valued at $9,607,388.73. The trade was a 2.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.70% of the stock is currently owned by company insiders.

Limbach Price Performance

Shares of LMB opened at $137.85 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.55 and a current ratio of 1.55. The company has a 50 day moving average price of $117.64 and a 200-day moving average price of $97.52. Limbach Holdings, Inc. has a fifty-two week low of $48.17 and a fifty-two week high of $143.58. The stock has a market capitalization of $1.60 billion, a PE ratio of 49.41, a PEG ratio of 2.62 and a beta of 1.21.

Limbach (NASDAQ:LMB - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.82. Limbach had a return on equity of 27.66% and a net margin of 6.29%. The business had revenue of $133.11 million for the quarter, compared to the consensus estimate of $121.06 million. During the same period last year, the business posted $0.69 EPS. The business's revenue was up 11.9% compared to the same quarter last year. Equities analysts predict that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LMB. Roth Capital reaffirmed a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. Stifel Nicolaus raised their price objective on Limbach from $130.00 to $141.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $115.33.

Limbach Company Profile

Limbach Holdings, Inc operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the construction and renovation projects that involve primarily include mechanical, plumbing, and electrical services.

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