Limbach Holdings, Inc. (NASDAQ:LMB) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 60,300 shares, an increase of 318.8% from the December 15th total of 14,400 shares. Currently, 0.7% of the company's stock are short sold. Based on an average daily volume of 45,300 shares, the short-interest ratio is presently 1.3 days.
NASDAQ:LMB traded down $0.09 during trading hours on Friday, reaching $9.00. 29,764 shares of the company were exchanged, compared to its average volume of 40,267. The company has a market capitalization of $92.70 million, a P/E ratio of 36.00, a P/E/G ratio of 0.63 and a beta of 1.22. Limbach has a 1-year low of $5.83 and a 1-year high of $16.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.47 and a quick ratio of 1.47. The business has a 50 day moving average of $7.95 and a 200 day moving average of $7.87.
Limbach (NASDAQ:LMB) last issued its quarterly earnings results on Wednesday, November 10th. The construction company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.30 by $0.08. The business had revenue of $129.18 million for the quarter, compared to the consensus estimate of $125.00 million. Limbach had a return on equity of 6.00% and a net margin of 0.57%. During the same quarter in the prior year, the business posted $0.31 earnings per share. As a group, equities research analysts anticipate that Limbach will post 0.74 earnings per share for the current fiscal year.
In other news, Director Joshua Horowitz purchased 4,672 shares of the business's stock in a transaction dated Tuesday, December 14th. The shares were bought at an average cost of $7.25 per share, for a total transaction of $33,872.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders bought 20,163 shares of company stock worth $150,866. Corporate insiders own 14.40% of the company's stock.
Several institutional investors and hedge funds have recently bought and sold shares of LMB. Polar Asset Management Partners Inc. increased its holdings in shares of Limbach by 9.9% during the third quarter. Polar Asset Management Partners Inc. now owns 1,009,604 shares of the construction company's stock worth $6,684,000 after buying an additional 90,955 shares in the last quarter. Morgan Stanley increased its holdings in Limbach by 18.0% in the 3rd quarter. Morgan Stanley now owns 17,657 shares of the construction company's stock worth $117,000 after purchasing an additional 2,690 shares in the last quarter. Heartland Advisors Inc. raised its position in Limbach by 33.3% in the third quarter. Heartland Advisors Inc. now owns 400,000 shares of the construction company's stock valued at $2,648,000 after purchasing an additional 100,000 shares during the last quarter. Victory Capital Management Inc. bought a new position in Limbach in the third quarter valued at about $67,000. Finally, Bridgeway Capital Management LLC raised its position in Limbach by 6.7% in the second quarter. Bridgeway Capital Management LLC now owns 96,000 shares of the construction company's stock valued at $889,000 after purchasing an additional 6,000 shares during the last quarter. Institutional investors own 41.48% of the company's stock.
Separately, Zacks Investment Research upgraded Limbach from a "hold" rating to a "buy" rating and set a $8.50 target price on the stock in a report on Wednesday, December 8th.
Limbach Holdings, Inc engages in the provision of commercial specialty contractor services in the areas of heating, ventilation, air-conditioning (HVAC); plumbing; electrical and building controls for the design and construction of new and renovated buildings; maintenance services; energy retrofits; and equipment upgrades.
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