Limbach Holdings Inc (NASDAQ:LMB) CEO Charles A. Bacon III bought 10,610 shares of Limbach stock in a transaction dated Friday, February 8th. The stock was purchased at an average cost of $5.78 per share, for a total transaction of $61,325.80. Following the completion of the acquisition, the chief executive officer now directly owns 273,535 shares of the company’s stock, valued at approximately $1,581,032.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NASDAQ LMB traded up $0.18 during trading hours on Monday, hitting $5.75. 20,065 shares of the company were exchanged, compared to its average volume of 22,963. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.99 and a quick ratio of 0.99. Limbach Holdings Inc has a 52 week low of $3.56 and a 52 week high of $14.19. The stock has a market capitalization of $42.28 million, a P/E ratio of 25.82, a PEG ratio of 0.59 and a beta of 1.65.

Limbach (NASDAQ:LMB) last issued its quarterly earnings data on Monday, November 19th. The construction company reported ($0.46) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.87). Limbach had a negative return on equity of 5.30% and a negative net margin of 0.78%. The company had revenue of $135.06 million for the quarter, compared to the consensus estimate of $142.38 million. As a group, equities research analysts anticipate that Limbach Holdings Inc will post -0.85 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on LMB shares. Zacks Investment Research cut Limbach from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 27th. DA Davidson reduced their price objective on Limbach from $15.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, November 21st. Roth Capital cut Limbach from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $17.00 to $5.00 in a research note on Wednesday, November 21st. Finally, TheStreet cut Limbach from a “c” rating to a “d+” rating in a research note on Tuesday, November 20th.

A number of hedge funds and other institutional investors have recently modified their holdings of LMB. Steward Partners Investment Advisory LLC grew its stake in shares of Limbach by 47.0% during the third quarter. Steward Partners Investment Advisory LLC now owns 17,276 shares of the construction company’s stock valued at $195,000 after buying an additional 5,521 shares during the last quarter. BlackRock Inc. grew its stake in shares of Limbach by 70.0% during the fourth quarter. BlackRock Inc. now owns 22,989 shares of the construction company’s stock valued at $85,000 after buying an additional 9,470 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Limbach by 169.6% during the second quarter. Renaissance Technologies LLC now owns 36,400 shares of the construction company’s stock valued at $430,000 after buying an additional 22,900 shares during the last quarter. Acuitas Investments LLC grew its stake in shares of Limbach by 52.2% during the third quarter. Acuitas Investments LLC now owns 249,142 shares of the construction company’s stock valued at $2,808,000 after buying an additional 85,443 shares during the last quarter. Finally, AltraVue Capital LLC bought a new position in shares of Limbach during the fourth quarter valued at approximately $1,771,000. 34.26% of the stock is currently owned by institutional investors.

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About Limbach

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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