nVerses Capital LLC Takes Position in Limbach Holdings, Inc. (NASDAQ:LMB)

nVerses Capital LLC bought a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 700 shares of the construction company’s stock, valued at approximately $53,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Limbach by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 566,501 shares of the construction company’s stock valued at $23,464,000 after acquiring an additional 32,030 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Limbach by 6.4% during the second quarter. Renaissance Technologies LLC now owns 394,871 shares of the construction company’s stock worth $22,480,000 after purchasing an additional 23,700 shares during the last quarter. American Century Companies Inc. grew its position in Limbach by 6.0% in the 2nd quarter. American Century Companies Inc. now owns 208,223 shares of the construction company’s stock valued at $11,854,000 after buying an additional 11,782 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Limbach by 368.5% in the 1st quarter. Russell Investments Group Ltd. now owns 71,878 shares of the construction company’s stock valued at $2,977,000 after buying an additional 56,535 shares during the period. Finally, Victory Capital Management Inc. raised its position in Limbach by 2.3% during the 2nd quarter. Victory Capital Management Inc. now owns 64,979 shares of the construction company’s stock worth $3,699,000 after buying an additional 1,481 shares during the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

Limbach Stock Performance

NASDAQ LMB opened at $82.08 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $70.96 and its two-hundred day moving average is $59.51. The stock has a market capitalization of $917.90 million, a price-to-earnings ratio of 38.18, a PEG ratio of 2.68 and a beta of 0.96. Limbach Holdings, Inc. has a 12-month low of $26.76 and a 12-month high of $87.00.

Limbach (NASDAQ:LMB) last released its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. The firm had revenue of $122.24 million during the quarter, compared to analysts’ expectations of $123.50 million. Limbach had a return on equity of 21.06% and a net margin of 5.08%. During the same quarter in the prior year, the business posted $0.46 earnings per share. Research analysts expect that Limbach Holdings, Inc. will post 2.43 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Limbach from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th.

Insider Activity at Limbach

In other Limbach news, Director Joshua Horowitz sold 5,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $64.02, for a total value of $320,100.00. Following the completion of the transaction, the director now directly owns 190,000 shares of the company’s stock, valued at approximately $12,163,800. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 40,072 shares of company stock worth $2,418,821 over the last 90 days. Company insiders own 10.20% of the company’s stock.

About Limbach

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.