JPMorgan Chase & Co. Buys 41,524 Shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

JPMorgan Chase & Co. increased its stake in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 128.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,831 shares of the company’s stock after acquiring an additional 41,524 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.14% of Concrete Pumping worth $427,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mill Road Capital Management LLC lifted its holdings in shares of Concrete Pumping by 96.8% in the 3rd quarter. Mill Road Capital Management LLC now owns 1,070,405 shares of the company’s stock worth $6,198,000 after purchasing an additional 526,379 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Concrete Pumping in the third quarter valued at $2,933,000. Dimensional Fund Advisors LP lifted its stake in shares of Concrete Pumping by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,550,933 shares of the company’s stock valued at $9,322,000 after buying an additional 91,469 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Concrete Pumping during the third quarter valued at about $371,000. Finally, JB Capital Partners LP increased its position in shares of Concrete Pumping by 26.2% during the third quarter. JB Capital Partners LP now owns 241,100 shares of the company’s stock worth $1,396,000 after acquiring an additional 50,000 shares in the last quarter. 34.20% of the stock is currently owned by institutional investors and hedge funds.

Concrete Pumping Price Performance

Shares of NASDAQ BBCP opened at $8.17 on Thursday. The stock has a market cap of $433.01 million, a price-to-earnings ratio of 31.42 and a beta of 1.12. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.89 and a current ratio of 1.99. Concrete Pumping Holdings, Inc. has a fifty-two week low of $5.05 and a fifty-two week high of $9.68. The firm’s 50-day simple moving average is $7.27 and its 200 day simple moving average is $6.40.

Concrete Pumping (NASDAQ:BBCP) last posted its earnings results on Wednesday, January 8th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Concrete Pumping had a return on equity of 6.19% and a net margin of 3.81%. As a group, research analysts anticipate that Concrete Pumping Holdings, Inc. will post 0.43 earnings per share for the current fiscal year.

Concrete Pumping Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, January 24th.

About Concrete Pumping

Concrete Pumping Holdings, Inc provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.