Shimmick (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 business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $2.23, for a total transaction of $68,695.15. Following the sale, the director owned 21,134,308 shares of the company's stock, 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 available through the SEC website.

Shimmick Trading Up 2.0%

SHIM traded up $0.06 during trading on Friday, hitting $3.03. 102,921 shares of the company's stock were exchanged, compared to its average volume of 57,275. Shimmick Corporation has a 1 year low of $1.30 and a 1 year high of $3.78. The stock has a 50 day moving average price of $2.00 and a 200 day moving average price of $1.82. The firm has a market cap of $106.87 million, a P/E ratio of -1.77 and a beta of 0.82.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. LPL Financial LLC acquired a new position in shares of Shimmick during the fourth quarter worth $284,000. Thompson Davis & CO. Inc. lifted its position in shares of Shimmick by 21.6% during the first quarter. Thompson Davis & CO. Inc. now owns 45,000 shares of the company's stock worth $81,000 after purchasing an additional 8,000 shares in the last quarter. Finally, Sanders Morris Harris LLC lifted its position in shares of Shimmick by 4.2% during the first quarter. Sanders Morris Harris LLC now owns 742,941 shares of the company's stock worth $1,337,000 after purchasing an additional 30,276 shares in the last quarter. 6.94% of the stock is owned by institutional investors and hedge funds.

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.