There was a significant increase in the number of short positions taken in Limbach Holdings Inc. (NASDAQ: LMB) during December. As of December 15th, there were 104,600 shares borrowed, which represents an increase of 121.6% compared to the 47,200 shares borrowed during the previous month. Short sales currently account for 1.1% of the company’s total share capital. The current short-interest ratio is 2.4 days, calculated based on an average daily volume of trading involving 44,000 shares. Historically, this ratio has ranged anywhere from 1.0 to 5.0.
It was reported on this site that on November 18th, Limbach Director Joshua Horowitz bought 4,000 shares of the company’s stock. This information is related to the news that was reported here. The total price of the shares came to $36,960.00, which corresponds to a price of $9.24 per share on average. Following the successful conclusion of the transaction, the director is now the owner of 253,835 company shares, the total value of which is $2,345,435.40. If you click on this link, you will be taken to an SEC filing that provides further details regarding the acquisition. The employees and management of the company own a combined total of 13.40% of the total shares issued by the company.
Separately, a research note about Limbach was initially covered by StockNews.com for the first time on October 28th, when the note was initially published. As a course of action to take, they suggested that the company should “strongly buy” the stock in question.
During the past few months, a few hedge funds have been active buyers and sellers of LMB shares. Dimensional Fund Advisors LP increased the amount of Limbach stock owned by 4.1% over the first three months of 2018. After making an additional purchase of 16,924 shares during the most recent quarter, Dimensional Fund Advisors LP is now the owner of a total of 431,681 shares of the stock issued by the construction company. The current price of the stock is three million dollars. Brighton Jones LLC invested approximately $82,000 in acquiring Limbach as a new property for its portfolio in the first three months of the year. Barrett Asset Management LLC spent approximately 246,000 dollars during the first three months of the year to expand its investment in Limbach. Polar Asset Management Partners Inc. increased the amount of Limbach stock owned by 0.7% over the first three months of 2018. Because an additional 7,500 shares were acquired, Polar Asset Management Partners Inc. acquired 1,017,104 shares of the construction company’s stock during the most recent period. Each share of this stock has a market value of $7,069,000. During the second quarter, Royce & Associates LP was able to amass a 7.4 percent increase in the proportion of Limbach stock it owned. During the most recent quarter, Royce & Associates LP increased the number of shares it owns in the construction company by 78,667. This brought the total number of shares it owns in the company to 1,139,391, which is equivalent to a value of $6,084,000. At the moment, institutions hold 36.53% of the total shares of stock that are outstanding.
The NASDAQ LMB experienced a price increase of $0.42 on Thursday, bringing it to $11.07. The average volume of the company’s shares, which is 30,387, was significantly lower than the number of shares that were traded by the company, which was 27,349. The ratio of current assets to total assets is 1.43; the ratio of quick assets to current assets is also 1.43; and the ratio of total assets to current assets is also 1.43. The ratio of debt to equity is 0.25. The stock has a beta of 1.01, a price-to-earnings ratio of 15.66, and a price-to-earnings-to-growth ratio of 1.02. The stock’s market capitalization is $115.91 million, and its beta is 1.01. The company’s moving average price over the previous fifty days is $9.95, while the moving average price over the previous two hundred days is $7.77. Over the previous 52 weeks, the price of Limbach has fluctuated between $4.90 and $12.56, averaging out at $12.56.
On November 9th, Limbach released its most recent quarterly earnings report, which can be found under the “NASDAQ: LMB.” The report can also be found here. The building company reported earnings of $0.34 per share for the quarter, which is $0.11 higher than the average estimate of $0.23 per share that was made by market expertise building company reported earnings of $0.34 per share for the quarter, which is $0.11 higher than the average estimate of $0.23 per share that market experts made. Limbach had a return on equity of 11.16%, and the net margin for the company was 1.51%. The sales for the company during the quarter came in at $122.36 million, which is a significant decrease compared to the predictions of $130.00 million made by the analysts. Sell-side analysts forecast that Limbach will generate $0.89 per share earnings during the current fiscal year.