Mraz Amerine & Associates Inc. Acquires New Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Mraz Amerine & Associates Inc. acquired a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,500 shares of the construction company’s stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in shares of Limbach during the 3rd quarter valued at about $53,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Limbach during the 2nd quarter valued at about $223,000. Brendel Financial Advisors LLC purchased a new position in shares of Limbach in the 2nd quarter valued at about $231,000. Meeder Asset Management Inc. boosted its position in Limbach by 7.7% during the second quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company’s stock worth $232,000 after purchasing an additional 292 shares in the last quarter. Finally, PFG Advisors acquired a new position in shares of Limbach during the 1st quarter worth approximately $253,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

Limbach Stock Performance

NASDAQ:LMB opened at $81.09 on Friday. The company has a market cap of $906.83 million, a P/E ratio of 37.72, a P/E/G ratio of 2.68 and a beta of 0.96. The company’s 50-day moving average price is $72.26 and its 200-day moving average price is $60.08. Limbach Holdings, Inc. has a twelve month low of $27.45 and a twelve month high of $87.00. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.15.

Limbach (NASDAQ:LMB) last issued its earnings results on Tuesday, August 6th. The construction company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. Limbach had a net margin of 5.08% and a return on equity of 21.06%. The company had revenue of $122.24 million for the quarter, compared to the consensus estimate of $123.50 million. During the same period in the previous year, the firm earned $0.46 earnings per share. On average, sell-side analysts forecast that Limbach Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Limbach from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th.

Insider Buying and Selling

In related news, Director Joshua Horowitz sold 8,800 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $59.14, for a total transaction of $520,432.00. Following the completion of the sale, the director now directly owns 223,272 shares of the company’s stock, valued at approximately $13,204,306.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 40,072 shares of company stock worth $2,418,821. Company insiders own 10.20% of the company’s stock.

Limbach Profile

Limbach Holdings, Inc operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the construction and renovation projects that involve primarily include mechanical, plumbing, and electrical services.