Broadwind, Inc. (NASDAQ:BWEN) Sees Large Increase in Short Interest

Broadwind, Inc. (NASDAQ:BWEN) saw a significant 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. Approximately 1.2% of the shares of the stock are sold short.

Broadwind Trading Up 1.6 %

NASDAQ:BWEN traded up $0.05 during trading hours on Tuesday, hitting $3.18. 80,446 shares of the company were exchanged, compared to its average volume of 155,364. The company has a fifty day simple moving average of $3.58 and a 200 day simple moving average of $2.83. Broadwind has a one year low of $2.01 and a one year high of $4.81. The company has a current ratio of 1.47, a quick ratio of 0.53 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $69.10 million, a price-to-earnings ratio of 8.15 and a beta of 1.44.

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

Insider Transactions at Broadwind

In other news, insider Daniel E. Schueller sold 5,800 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 146,694 shares in the company, valued at $664,523.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Grace & White Inc. NY raised its position in shares of Broadwind by 0.6% in the 2nd quarter. Grace & White Inc. NY now owns 1,616,590 shares of the industrial products company’s stock worth $5,302,000 after acquiring an additional 10,000 shares in the last quarter. TSA Wealth Managment LLC bought a new position in shares of Broadwind in the 4th quarter worth about $41,000. Lincoln Capital Corp acquired a new stake in shares of Broadwind in the 1st quarter valued at about $49,000. Russell Investments Group Ltd. grew its stake in shares of Broadwind by 7.2% in the 1st quarter. Russell Investments Group Ltd. now owns 360,365 shares of the industrial products company’s stock valued at $858,000 after buying an additional 24,119 shares during the period. Finally, Perritt Capital Management Inc. grew its stake in shares of Broadwind by 36.4% in the 4th quarter. Perritt Capital Management Inc. now owns 150,000 shares of the industrial products company’s stock valued at $416,000 after buying an additional 40,000 shares during the period. 33.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. HC Wainwright reaffirmed a “buy” rating and set a $8.00 target price on shares of Broadwind in a research report on Friday, May 17th. StockNews.com raised Broadwind from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. Finally, Roth Mkm raised their target price on Broadwind from $3.50 to $4.00 and gave the stock a “buy” rating in a research 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.