Broadwind, Inc. (NASDAQ:BWEN) Sees Significant Growth in Short Interest

Broadwind, Inc. (NASDAQ:BWEN) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 186,900 shares, a growth of 35.4% from the May 31st total of 138,000 shares. Based on an average daily volume of 213,800 shares, the short-interest ratio is presently 0.9 days. Currently, 1.0% of the shares of the stock are sold short.

Insider Buying and Selling

In other news, insider Daniel E. Schueller sold 5,800 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $4.53, for a total transaction of $26,274.00. Following the sale, the insider now directly owns 146,694 shares of the company’s stock, valued at $664,523.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Broadwind

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWEN. Perritt Capital Management Inc. boosted its holdings in shares of Broadwind by 175.0% during the 3rd quarter. Perritt Capital Management Inc. now owns 110,000 shares of the industrial products company’s stock worth $352,000 after buying an additional 70,000 shares during the period. Quadrature Capital Ltd boosted its holdings in shares of Broadwind by 68.9% during the 3rd quarter. Quadrature Capital Ltd now owns 47,916 shares of the industrial products company’s stock worth $153,000 after buying an additional 19,550 shares during the period. Grace & White Inc. NY boosted its holdings in shares of Broadwind by 25.3% during the 4th quarter. Grace & White Inc. NY now owns 1,606,590 shares of the industrial products company’s stock worth $4,450,000 after buying an additional 324,226 shares during the period. TSA Wealth Managment LLC bought a new stake in shares of Broadwind during the 4th quarter worth about $41,000. Finally, Lincoln Capital Corp bought a new stake in shares of Broadwind during the 1st quarter worth about $49,000. 33.27% of the stock is currently owned by institutional investors and hedge funds.

Broadwind Stock Down 4.1 %

Shares of NASDAQ:BWEN traded down $0.14 during midday trading on Friday, reaching $3.28. 332,159 shares of the company were exchanged, compared to its average volume of 266,189. Broadwind has a fifty-two week low of $2.01 and a fifty-two week high of $4.81. The company has a quick ratio of 0.53, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $3.21 and a two-hundred day simple moving average of $2.74. The firm has a market cap of $71.27 million, a PE ratio of 8.41 and a beta of 1.49.

Broadwind (NASDAQ:BWEN) last issued its quarterly earnings data on Tuesday, May 14th. The industrial products company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.13. Broadwind had a net margin of 4.36% and a return on equity of 15.41%. The business had revenue of $37.62 million for the quarter, compared to analyst estimates of $34.13 million. During the same period last year, the business posted $0.07 earnings per share. As a group, sell-side analysts forecast that Broadwind will post 0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BWEN shares. Roth Mkm raised their price objective on shares of Broadwind from $3.50 to $4.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Craig Hallum reduced their price objective on shares of Broadwind from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. HC Wainwright reiterated a “buy” rating and issued a $8.00 target price on shares of Broadwind in a report on Friday, May 17th. Finally, StockNews.com upgraded shares of Broadwind from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th.

Broadwind Company Profile

Broadwind, Inc manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets.