Shimmick Corporation (NASDAQ:SHIM – Get Free Report) Director Mitchell Goldsteen sold 9,229 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $3.32, for a total transaction of $30,640.28. Following the sale, the director directly owned 21,125,079 shares in the company, valued at $70,135,262.28. This represents a 0.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shimmick Stock Down 1.5%
Shimmick stock opened at $3.29 on Thursday. The company’s 50 day moving average is $2.10 and its two-hundred day moving average is $1.84. The firm has a market cap of $116.04 million, a PE ratio of -1.92 and a beta of 0.82. Shimmick Corporation has a 52-week low of $1.30 and a 52-week high of $3.78.
Institutional Trading of Shimmick
A number of large investors have recently made changes to their positions in SHIM. Thompson Davis & CO. Inc. raised its holdings in Shimmick by 21.6% in the first quarter. Thompson Davis & CO. Inc. now owns 45,000 shares of the company’s stock valued at $81,000 after acquiring an additional 8,000 shares in the last quarter. LPL Financial LLC purchased a new position in shares of Shimmick in the 4th quarter valued at about $284,000. Finally, Sanders Morris Harris LLC lifted its stake in Shimmick by 0.8% during the second quarter. Sanders Morris Harris LLC now owns 749,173 shares of the company’s stock worth $1,281,000 after purchasing an additional 6,232 shares during the last quarter. 6.94% of the stock is currently owned by hedge funds and other institutional investors.
Shimmick Company Profile
Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects.
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