Broadwind, Inc. (NASDAQ:BWEN) Short Interest Up 18.6% in July

Broadwind, Inc. (NASDAQ:BWEN) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 222,800 shares, a growth of 18.6% from the June 30th total of 187,900 shares. Based on an average daily trading volume, of 234,300 shares, the short-interest ratio is presently 1.0 days. Currently, 1.2% of the shares of the stock are sold short.

Insider Activity at Broadwind

In other news, insider Daniel E. Schueller sold 5,800 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 146,694 shares in the company, valued at approximately $664,523.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Broadwind

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWEN. Grace & White Inc. NY grew its holdings in Broadwind by 0.6% during the second quarter. Grace & White Inc. NY now owns 1,616,590 shares of the industrial products company’s stock valued at $5,302,000 after purchasing an additional 10,000 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Broadwind in the second quarter worth $495,000. Russell Investments Group Ltd. grew its stake in shares of Broadwind by 7.2% in the first quarter. Russell Investments Group Ltd. now owns 360,365 shares of the industrial products company’s stock worth $858,000 after acquiring an additional 24,119 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in shares of Broadwind by 33.5% in the first quarter. Essex Investment Management Co. LLC now owns 195,859 shares of the industrial products company’s stock worth $466,000 after acquiring an additional 49,173 shares during the last quarter. Finally, Lincoln Capital Corp acquired a new stake in shares of Broadwind in the first quarter worth $49,000. Institutional investors own 33.27% of the company’s stock.

Broadwind Trading Up 1.6 %

BWEN stock traded up $0.05 during mid-day trading on Tuesday, reaching $3.18. 80,446 shares of the stock traded hands, compared to its average volume of 155,364. The company has a current ratio of 1.47, a quick ratio of 0.53 and a debt-to-equity ratio of 0.17. Broadwind has a 52-week low of $2.01 and a 52-week high of $4.81. The company has a market cap of $69.10 million, a P/E ratio of 8.15 and a beta of 1.44. The stock’s fifty day moving average is $3.58 and its 200-day moving average is $2.83.

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

Analyst Upgrades and Downgrades

BWEN has been the subject of several research reports. HC Wainwright restated a “buy” rating and set a $8.00 price objective on shares of Broadwind in a research report on Friday, May 17th. 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 report on Wednesday, May 15th. Finally, StockNews.com upgraded shares of Broadwind from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd.

About Broadwind

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.