Grace & White Inc. NY Has $4.45 Million Stock Position in Broadwind, Inc. (NASDAQ:BWEN)

Grace & White Inc. NY boosted its stake in Broadwind, Inc. (NASDAQ:BWEN) by 25.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,606,590 shares of the industrial products company’s stock after buying an additional 324,226 shares during the period. Grace & White Inc. NY owned approximately 7.50% of Broadwind worth $4,450,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quadrature Capital Ltd grew its stake in Broadwind by 68.9% in the 3rd quarter. Quadrature Capital Ltd now owns 47,916 shares of the industrial products company’s stock valued at $153,000 after buying an additional 19,550 shares during the last quarter. Boston Partners grew its stake in Broadwind by 17.6% in the 3rd quarter. Boston Partners now owns 132,533 shares of the industrial products company’s stock valued at $424,000 after buying an additional 19,816 shares during the last quarter. Finally, Perritt Capital Management Inc. boosted its holdings in Broadwind by 175.0% in the 3rd quarter. Perritt Capital Management Inc. now owns 110,000 shares of the industrial products company’s stock valued at $352,000 after purchasing an additional 70,000 shares during the period. Institutional investors and hedge funds own 33.27% of the company’s stock.

Analyst Ratings Changes

BWEN has been the subject of a number of recent research reports. Roth Mkm cut their price objective on shares of Broadwind from $4.00 to $3.50 and set a “buy” rating for the company in a report on Wednesday, March 6th. Craig Hallum cut their price objective on shares of Broadwind from $6.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday, March 6th. Finally, HC Wainwright reissued a “buy” rating and issued a $8.00 price objective on shares of Broadwind in a report on Wednesday, March 6th.

Broadwind Price Performance

Shares of Broadwind stock traded down $0.03 on Tuesday, reaching $2.15. 98,761 shares of the stock were exchanged, compared to its average volume of 87,071. The firm’s 50 day moving average is $2.41 and its 200-day moving average is $2.51. Broadwind, Inc. has a one year low of $2.01 and a one year high of $5.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.60 and a current ratio of 1.30. The firm has a market cap of $46.59 million, a PE ratio of 5.97 and a beta of 1.33.

Broadwind (NASDAQ:BWEN) last issued its quarterly earnings results on Tuesday, March 5th. The industrial products company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Broadwind had a net margin of 3.76% and a return on equity of 16.15%. The company had revenue of $46.60 million during the quarter, compared to the consensus estimate of $50.34 million. During the same quarter in the prior year, the firm posted ($0.14) EPS. As a group, analysts anticipate that Broadwind, Inc. will post -0.17 EPS for the current fiscal year.

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.