Shimmick Corporation (NASDAQ:SHIM) Director Mitchell B. Goldsteen Sells 6,300 Shares

Key Points

• Mitchell B. Goldsteen, a director at Shimmick Corporation, sold 6,300 shares of the company's stock for a total of $13,293, reducing his ownership to approximately 21.17 million shares.
• Shimmick's stock price increased by 11.7% during mid-day trading, reaching $2.67, with a market capitalization of $94.17 million.
• Hedge funds and institutions are showing interest, with Thompson Davis & CO. Inc. increasing its stake by 21.6% and LPL Financial investing $284,000 in Shimmick shares.

Shimmick Corporation (NASDAQ:SHIM - Get Free Report) Director Mitchell B. Goldsteen sold 6,300 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $2.11, for a total value of $13,293.00. Following the completion of the sale, the director owned 21,165,113 shares in the company, valued at approximately $44,658,388.43. This represents a 0.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shimmick Trading Up 11.7%

Shimmick stock traded up $0.28 during mid-day trading on Monday, hitting $2.67. The company had a trading volume of 135,116 shares, compared to its average volume of 29,853. Shimmick Corporation has a 12-month low of $1.30 and a 12-month high of $3.78. The company's fifty day moving average is $1.90 and its 200-day moving average is $1.81. The company has a market capitalization of $94.17 million, a price-to-earnings ratio of -1.56 and a beta of 0.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Thompson Davis & CO. Inc. lifted its position in shares of Shimmick by 21.6% during the 1st quarter. Thompson Davis & CO. Inc. now owns 45,000 shares of the company's stock valued at $81,000 after buying an additional 8,000 shares in the last quarter. LPL Financial LLC purchased a new position in shares of Shimmick during the 4th quarter valued at approximately $284,000. Finally, Sanders Morris Harris LLC lifted its position in shares of Shimmick by 0.8% during the 2nd quarter. Sanders Morris Harris LLC now owns 749,173 shares of the company's stock valued at $1,281,000 after buying an additional 6,232 shares in the last quarter. Hedge funds and other institutional investors own 6.94% of the company's stock.

About Shimmick

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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