Pacific Ridge Capital Partners LLC Acquires 141,861 Shares of Shimmick Co. (NASDAQ:SHIM)

Pacific Ridge Capital Partners LLC boosted its holdings in shares of Shimmick Co. (NASDAQ:SHIM) by 41.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 486,160 shares of the company’s stock after acquiring an additional 141,861 shares during the period. Pacific Ridge Capital Partners LLC owned 1.44% of Shimmick worth $1,259,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SHIM. State Street Corp acquired a new stake in shares of Shimmick during the third quarter worth $36,000. Avanza Fonder AB bought a new position in Shimmick during the fourth quarter worth about $52,000. Thompson Davis & CO. Inc. acquired a new position in shares of Shimmick during the 4th quarter worth about $96,000. LPL Financial LLC acquired a new position in shares of Shimmick during the 4th quarter worth about $284,000. Finally, Sanders Morris Harris LLC increased its stake in shares of Shimmick by 20.7% in the 4th quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company’s stock valued at $1,846,000 after acquiring an additional 122,442 shares during the last quarter. Institutional investors own 6.94% of the company’s stock.

Shimmick Stock Down 0.6 %

Shimmick stock opened at $1.79 on Thursday. The firm has a market capitalization of $60.46 million, a price-to-earnings ratio of -0.46 and a beta of 0.59. The company’s 50 day simple moving average is $2.15 and its 200 day simple moving average is $2.36. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.80 and a quick ratio of 0.80. Shimmick Co. has a fifty-two week low of $1.47 and a fifty-two week high of $7.00.

Shimmick (NASDAQ:SHIM) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.62). Shimmick had a negative return on equity of 355.53% and a negative net margin of 20.16%. The firm had revenue of $103.55 million for the quarter, compared to the consensus estimate of $118.90 million. During the same period in the prior year, the business earned ($0.59) earnings per share. As a group, sell-side analysts anticipate that Shimmick Co. will post -2.48 EPS for the current year.

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.