Shimmick Corporation (NASDAQ:SHIM) Director Sells $68,695.15 in Stock

Key Points

• Shimmick Corporation director Mitchell B. Goldsteen sold 30,805 shares of stock for a total of $68,695.15, reducing his ownership by 0.15%.
• The company's stock price rose by 11.7% to $2.67, with a market capitalization of $94.17 million.
• Several hedge funds have recently increased their holdings in Shimmick, with institutional investors owning 6.94% of the stock.

Shimmick Corporation (NASDAQ:SHIM - Get Free Report) Director Mitchell B. Goldsteen sold 30,805 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $2.23, for a total transaction of $68,695.15. Following the completion of the transaction, the director directly owned 21,134,308 shares in the company, valued at approximately $47,129,506.84. This represents a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shimmick Trading Up 11.7%

SHIM stock traded up $0.28 during mid-day trading on Monday, hitting $2.67. The stock had a trading volume of 135,116 shares, compared to its average volume of 29,853. Shimmick Corporation has a 52 week low of $1.30 and a 52 week high of $3.78. The firm has a market capitalization of $94.17 million, a P/E ratio of -1.56 and a beta of 0.82. The firm has a fifty day simple moving average of $1.90 and a 200 day simple moving average of $1.81.

Hedge Funds Weigh In On Shimmick

Several hedge funds have recently bought and sold shares of SHIM. LPL Financial LLC bought a new position in Shimmick in the 4th quarter valued at about $284,000. 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 valued at $1,337,000 after buying an additional 30,276 shares during the period. Finally, Thompson Davis & CO. Inc. increased its holdings in 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 buying an additional 8,000 shares during the period. 6.94% of the stock is owned by institutional investors.

Shimmick Company Profile

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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