Walleye Capital LLC Makes New $1.70 Million Investment in Limbach Holdings, Inc. (NASDAQ:LMB)

Walleye Capital LLC acquired a new position in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,872 shares of the construction company's stock, valued at approximately $1,700,000. Walleye Capital LLC owned about 0.18% of Limbach as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Limbach by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company's stock worth $51,700,000 after purchasing an additional 3,001 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Limbach by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 238,445 shares of the construction company's stock worth $18,068,000 after buying an additional 5,093 shares during the period. State Street Corp grew its stake in Limbach by 11.1% in the 3rd quarter. State Street Corp now owns 219,120 shares of the construction company's stock valued at $16,601,000 after buying an additional 21,951 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Limbach by 41.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 216,567 shares of the construction company's stock worth $18,525,000 after acquiring an additional 62,987 shares during the period. Finally, Next Century Growth Investors LLC acquired a new position in Limbach during the 4th quarter worth $13,374,000. Institutional investors own 55.85% of the company's stock.

Insider Transactions at Limbach

In related news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the completion of the transaction, the director now directly owns 164,600 shares of the company's stock, valued at $12,415,778. This trade represents a 13.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.20% of the stock is currently owned by insiders.

Limbach Stock Performance

Shares of NASDAQ LMB traded down $1.20 during trading hours on Friday, reaching $92.15. The stock had a trading volume of 78,501 shares, compared to its average volume of 173,484. Limbach Holdings, Inc. has a twelve month low of $41.03 and a twelve month high of $107.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The business's fifty day moving average is $79.10 and its two-hundred day moving average is $87.23. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 41.89, a PEG ratio of 2.22 and a beta of 1.01.

Limbach (NASDAQ:LMB - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The construction company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.31. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The company had revenue of $143.70 million during the quarter, compared to the consensus estimate of $149.37 million. During the same period last year, the firm earned $0.68 EPS. The firm's revenue for the quarter was up .7% compared to the same quarter last year. As a group, research analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Lake Street Capital increased their target price on Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price objective on Limbach in a research report on Wednesday, March 12th.

Limbach Profile

Limbach Holdings, Inc operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the construction and renovation projects that involve primarily include mechanical, plumbing, and electrical services.