David A. B. Brown Acquires 27,726 Shares of Concrete Pumping Holdings Inc (BBCP) Stock

Concrete Pumping Holdings Inc (NASDAQ:BBCP) Director David A. B. Brown bought 27,726 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were purchased at an average price of $4.99 per share, for a total transaction of $138,352.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ BBCP opened at $5.31 on Friday. Concrete Pumping Holdings Inc has a fifty-two week low of $4.39 and a fifty-two week high of $15.25. The firm has a market capitalization of $149.14 million, a PE ratio of 2.15 and a beta of 0.36. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 1.30.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. acquired a new position in shares of Concrete Pumping in the first quarter worth $35,000. ExodusPoint Capital Management LP acquired a new position in shares of Concrete Pumping in the first quarter worth $137,000. BlueCrest Capital Management Ltd acquired a new position in shares of Concrete Pumping in the first quarter worth $193,000. Millennium Management LLC acquired a new position in shares of Concrete Pumping in the fourth quarter worth $688,000. Finally, Owl Creek Asset Management L.P. acquired a new position in shares of Concrete Pumping in the fourth quarter worth $15,689,000. 8.34% of the stock is owned by institutional investors.

A number of research firms have commented on BBCP. William Blair began coverage on Concrete Pumping in a research report on Friday. They set an “outperform” rating on the stock. ValuEngine cut Concrete Pumping from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Robert W. Baird assumed coverage on Concrete Pumping in a report on Monday. They issued an “outperform” rating and a $7.00 price target for the company.

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Concrete Pumping Company Profile

Concrete Pumping Holdings, Inc provides concrete pumping and concrete waste management services. The company offers concrete pumping services under the Brundage-Bone brand and concrete waste management services under the Eco-Pan brand in the United States; and concrete pumping services under the Camfaud brand in the United Kingdom.

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