Shimmick Corporation (NASDAQ:SHIM - Get Free Report) Director Mitchell B. Goldsteen sold 8,558 shares of Shimmick stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $2.20, for a total transaction of $18,827.60. Following the transaction, the director directly owned 21,313,922 shares of the company's stock, valued at approximately $46,890,628.40. This represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shimmick Stock Down 3.7%
NASDAQ:SHIM traded down $0.08 during mid-day trading on Tuesday, reaching $2.06. The company's stock had a trading volume of 1,061,435 shares, compared to its average volume of 147,997. Shimmick Corporation has a 1 year low of $1.30 and a 1 year high of $4.94. The stock has a fifty day moving average of $1.75 and a 200-day moving average of $1.89.
Shimmick (NASDAQ:SHIM - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.22) earnings per share for the quarter, topping analysts' consensus estimates of ($0.31) by $0.09. The company had revenue of $122.00 million during the quarter, compared to analyst estimates of $94.35 million. Shimmick had a negative net margin of 20.98% and a negative return on equity of 9,647.06%. During the same period in the prior year, the firm earned ($1.15) earnings per share. As a group, research analysts anticipate that Shimmick Corporation will post -2.48 EPS for the current fiscal year.
Hedge Funds Weigh In On Shimmick
Hedge funds and other institutional investors have recently modified their holdings of the stock. Thompson Davis & CO. Inc. raised its position in shares of Shimmick by 21.6% in the 1st quarter. Thompson Davis & CO. Inc. now owns 45,000 shares of the company's stock valued at $81,000 after purchasing an additional 8,000 shares during the last quarter. LPL Financial LLC acquired a new position in Shimmick in the 4th quarter worth approximately $284,000. Pacific Ridge Capital Partners LLC increased its holdings in Shimmick by 41.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company's stock worth $1,259,000 after buying an additional 141,861 shares during the period. Finally, Sanders Morris Harris LLC increased its holdings in Shimmick by 4.2% in the 1st quarter. Sanders Morris Harris LLC now owns 742,941 shares of the company's stock worth $1,337,000 after buying an additional 30,276 shares during the period. 6.94% of the stock is owned by hedge funds and other institutional investors.
Shimmick Company Profile
(
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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.
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