Limbach Holdings Inc (LMB) Position Reduced by New Jersey Better Educational Savings Trust

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New Jersey Better Educational Savings Trust trimmed its position in shares of Limbach Holdings Inc (NASDAQ:LMB) by 4.4% during the 1st quarter, Holdings Channel reports. The firm owned 43,000 shares of the construction company’s stock after selling 2,000 shares during the period. New Jersey Better Educational Savings Trust’s holdings in Limbach were worth $329,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. AltraVue Capital LLC purchased a new stake in shares of Limbach during the 4th quarter valued at about $1,771,000. Alambic Investment Management L.P. purchased a new stake in shares of Limbach during the 4th quarter valued at about $190,000. Dimensional Fund Advisors LP boosted its holdings in shares of Limbach by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 510,351 shares of the construction company’s stock valued at $5,752,000 after acquiring an additional 14,416 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Limbach by 70.0% during the 4th quarter. BlackRock Inc. now owns 22,989 shares of the construction company’s stock valued at $85,000 after acquiring an additional 9,470 shares during the last quarter. 31.72% of the stock is currently owned by institutional investors.

In other news, CEO Charles A. Bacon III bought 10,610 shares of the firm’s stock in a transaction on Friday, February 8th. The shares were bought at an average price of $5.78 per share, for a total transaction of $61,325.80. Following the purchase, the chief executive officer now owns 273,535 shares in the company, valued at $1,581,032.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Charles A. Bacon III bought 14,390 shares of the firm’s stock in a transaction on Tuesday, February 12th. The shares were purchased at an average price of $5.67 per share, for a total transaction of $81,591.30. Following the purchase, the insider now owns 280,535 shares in the company, valued at approximately $1,590,633.45. The disclosure for this purchase can be found here. 47.90% of the stock is owned by corporate insiders.

LMB has been the topic of several recent research reports. Roth Capital upgraded shares of Limbach from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $7.00 to $10.00 in a research note on Wednesday, April 17th. Zacks Investment Research upgraded shares of Limbach from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a research note on Wednesday, April 17th.

Shares of NASDAQ:LMB traded down $0.08 during trading on Friday, hitting $8.72. The company’s stock had a trading volume of 12,657 shares, compared to its average volume of 32,904. Limbach Holdings Inc has a 12 month low of $3.56 and a 12 month high of $12.99. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $66.65 million, a PE ratio of -16.77, a price-to-earnings-growth ratio of 0.72 and a beta of 1.87.

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Limbach Company Profile

Limbach Holdings, Inc provides commercial specialty contract services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of heating, ventilation, air-conditioning (HVAC), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.

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Institutional Ownership by Quarter for Limbach (NASDAQ:LMB)

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