State Street Corp Makes New $36,000 Investment in Shimmick Co. (NASDAQ:SHIM)

State Street Corp bought a new position in Shimmick Co. (NASDAQ:SHIM) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 14,700 shares of the company’s stock, valued at approximately $36,000.

Separately, E&G Advisors LP purchased a new stake in Shimmick during the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 6.94% of the company’s stock.

Shimmick Price Performance

Shares of Shimmick stock opened at $2.96 on Friday. The stock has a market cap of $100.04 million and a price-to-earnings ratio of -0.76. The company has a debt-to-equity ratio of 58.60, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a 50 day moving average price of $2.46 and a 200-day moving average price of $2.57. Shimmick Co. has a one year low of $1.47 and a one year high of $7.99.

Insiders Place Their Bets

In other news, Director Mitchell B. Goldsteen sold 325,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $3.26, for a total value of $1,059,500.00. Following the sale, the director now owns 21,583,800 shares of the company’s stock, valued at approximately $70,363,188. This represents a 1.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 77.00% of the stock is owned by insiders.

Shimmick 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.