Avanza Fonder AB Takes $52,000 Position in Shimmick Co. (NASDAQ:SHIM)

Avanza Fonder AB purchased a new position in shares of Shimmick Co. (NASDAQ:SHIM) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $52,000.

Other institutional investors have also recently added to or reduced their stakes in the company. E&G Advisors LP purchased a new position in shares of Shimmick during the 3rd quarter worth approximately $31,000. State Street Corp acquired a new position in Shimmick during the third quarter worth $36,000. Finally, Sanders Morris Harris LLC raised its position in Shimmick by 20.7% in the fourth quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company’s stock worth $1,846,000 after acquiring an additional 122,442 shares in the last quarter. Institutional investors and hedge funds own 6.94% of the company’s stock.

Insider Buying and Selling at Shimmick

In related news, Director Mitchell B. Goldsteen sold 325,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $3.26, for a total value of $1,059,500.00. Following the transaction, the director now directly owns 21,583,800 shares of the company’s stock, valued at approximately $70,363,188. This trade represents a 1.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 77.00% of the stock is currently owned by insiders.

Shimmick Price Performance

Shares of NASDAQ:SHIM opened at $2.70 on Tuesday. The firm has a market capitalization of $91.26 million, a price-to-earnings ratio of -0.69 and a beta of 0.05. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.80 and a quick ratio of 0.80. The business’s 50 day simple moving average is $2.57 and its 200-day simple moving average is $2.66. Shimmick Co. has a 12 month low of $1.47 and a 12 month high of $7.99.

About Shimmick

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.