20,600 Shares in Broadwind, Inc. (NASDAQ:BWEN) Purchased by Lincoln Capital Corp

Lincoln Capital Corp acquired a new position in shares of Broadwind, Inc. (NASDAQ:BWEN) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,600 shares of the industrial products company’s stock, valued at approximately $49,000.

Other hedge funds have also bought and sold shares of the company. Perritt Capital Management Inc. raised its holdings in Broadwind by 36.4% in the fourth quarter. Perritt Capital Management Inc. now owns 150,000 shares of the industrial products company’s stock worth $416,000 after buying an additional 40,000 shares during the last quarter. TSA Wealth Managment LLC purchased a new position in Broadwind in the fourth quarter worth about $41,000. Grace & White Inc. NY raised its holdings in Broadwind by 25.3% in the fourth 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 last quarter. Finally, Quadrature Capital Ltd raised its holdings in Broadwind by 68.9% in the third 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 last quarter. Institutional investors own 33.27% of the company’s stock.

Insider Buying and Selling at Broadwind

In other Broadwind news, insider Daniel E. Schueller sold 5,800 shares of the company’s 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 completion of the sale, the insider now directly owns 146,694 shares of the company’s stock, valued at $664,523.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on BWEN shares. Craig Hallum decreased their target price 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. Roth Mkm lifted their target price on shares of Broadwind from $3.50 to $4.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. StockNews.com raised shares of Broadwind from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Finally, HC Wainwright reissued a “buy” rating and set a $8.00 price objective on shares of Broadwind in a report on Friday, May 17th.

Broadwind Stock Performance

Shares of BWEN traded down $0.06 during mid-day trading on Friday, hitting $3.36. 47,481 shares of the company traded hands, compared to its average volume of 156,967. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.53 and a current ratio of 1.47. The stock has a 50-day moving average price of $3.19 and a two-hundred day moving average price of $2.72. Broadwind, Inc. has a 1 year low of $2.01 and a 1 year high of $4.81. The stock has a market cap of $73.01 million, a price-to-earnings ratio of 8.77 and a beta of 1.49.

Broadwind (NASDAQ:BWEN) last released its quarterly earnings data on Tuesday, May 14th. The industrial products company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.13. Broadwind had a net margin of 4.36% and a return on equity of 15.41%. The firm had revenue of $37.62 million during the quarter, compared to analysts’ expectations of $34.13 million. During the same period in the previous year, the company earned $0.07 earnings per share. Equities analysts anticipate that Broadwind, Inc. will post 0.09 earnings per share for the current 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.