Keeping an Eye on Limbach Holdings Inc. (LMB) After Insider Trading Activity


Limbach Holdings Inc.’s filing revealed that its Chief Financial Officer Brooks Jayme L. acquired Company’s shares for reported $48484.0 on Aug 22. In the deal valued at $34.68 per share,1,398 shares were bought. As a result of this transaction, Brooks Jayme L. now holds 3,568 shares worth roughly $ 0.13 million.

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Then, McCann Michael M bought 2,866 shares, generating $101,664 in total proceeds. Upon buying the shares at $35.47, the Chief Executive Officer now owns 42,134 shares.

Before that, Young Norbert W. sold 1,661 shares. Limbach Holdings Inc. shares valued at $41,372 were divested by the Director at a price of $24.91 per share. As a result of the transaction, Young Norbert W. now holds 37,356 shares, worth roughly $1.37 million.

Lake Street initiated its Limbach Holdings Inc. [LMB] rating to a Buy in a research note published on Friday, March 05, 2021; the price target was $19. PT values the company’s stock at a premium of -93.37 to its Friday closing price.

Price Performance Review of LMB

On Friday, Limbach Holdings Inc. [NASDAQ:LMB] saw its stock jump 1.69% to $36.74. On the same session, the stock had its day’s lowest price of $36.265, but rose to a high of $37.48. Over the last five days, the stock has gained 10.00%. Limbach Holdings Inc. shares have risen nearly 252.93% since the year began. Nevertheless, the stocks have risen 357.53% over the past one year. While a 52-week high of $37.71 was reached on 08/24/23, a 52-week low of $6.28 was recorded on 01/03/23. SMA at 50 days reached $28.69, while 200 days put it at $18.65. A total of 0.18 million shares were traded, compared to the trading of 0.2 million shares in the previous session.

Levels Of Support And Resistance For LMB Stock

The 24-hour chart illustrates a support level at 36.18, which if violated will result in even more drops to 35.61. On the upside, there is a resistance level at 37.39. A further resistance level may holdings at 38.04. The Relative Strength Index (RSI) on the 14-day chart is 64.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.90%. Stochastics %K at 86.82% indicates the stock is a selling.

How much short interest is there in Limbach Holdings Inc.?

A steep rise in short interest was recorded in Limbach Holdings Inc. stocks on Aug 14, 2023, dropping by -0.19 million shares to a total of 0.41 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.6 million shares. There was a decline of -45.94%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.29% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.76.

Limbach Holdings Inc. [LMB] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 530,827 shares, or roughly 5.02% of the outstanding LMB shares. In other words, the investor’s shares have risen by 509,220 from its previous 13-F filing of 21607.0. Additionally, Dimensional Fund Advisors LP increased 1.80% of its stake after which the total value it holdings stand at $13,919,377, while Royce & Associates LP reduced -39.20% of its stake to hold $12.25 million in the firm. Over the last quarter, The Vanguard Group, Inc. purchased 41,184 shares of Limbach Holdings Inc., while Polar Asset Management Partners, bought -550,909 shares. At present, Renaissance Technologies LLC is holding 316,571 shares valued at $8.36 million. Acadian Asset Management LLC owned 227,803 shares of the company at the time of its most recent 13F filing, worth $6.02 million.

According to FactSet, Limbach Holdings Inc.’s share price will average $39.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 7.94 percent from its previous closing price of $36.13. Analysts expect Limbach Holdings Inc. stock to reach the higher price of $42.00, while the lowest price estimate is $36.00. However, 2 analysts have rated LMB stock as a Buy in their predictions for 2023.


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