Broadwind, Inc. (NASDAQ:BWEN) Short Interest Update

Broadwind, Inc. (NASDAQ:BWEN) was the target of 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 volume of 234,300 shares, the short-interest ratio is currently 1.0 days. Currently, 1.2% of the shares of the stock are short sold.

Broadwind Trading Up 1.6 %

NASDAQ:BWEN traded up $0.05 on Tuesday, hitting $3.18. The stock had a trading volume of 80,446 shares, compared to its average volume of 155,364. 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 market cap of $69.10 million, a price-to-earnings ratio of 8.15 and a beta of 1.44. The company has a fifty day moving average price of $3.58 and a two-hundred day moving average price of $2.83. Broadwind has a 1-year low of $2.01 and a 1-year high of $4.81.

Broadwind (NASDAQ:BWEN) last posted its earnings results 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. The company had revenue of $37.62 million for 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 previous year, the business posted $0.07 EPS. Equities research analysts expect that Broadwind will post 0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. HC Wainwright restated a “buy” rating and set a $8.00 price target on shares of Broadwind in a research report on Friday, May 17th. Roth Mkm boosted their price target on shares of Broadwind from $3.50 to $4.00 and gave the stock 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.

Insider Transactions at Broadwind

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

Hedge Funds Weigh In On Broadwind

Several institutional investors and hedge funds have recently bought and sold shares of the company. TSA Wealth Managment LLC acquired a new position in shares of Broadwind in the 4th quarter worth approximately $41,000. Lincoln Capital Corp acquired a new position in shares of Broadwind in the 1st quarter worth approximately $49,000. Perritt Capital Management Inc. lifted its holdings 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 worth $416,000 after acquiring an additional 40,000 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Broadwind in the 2nd quarter worth approximately $495,000. Finally, Essex Investment Management Co. LLC lifted its holdings in shares of Broadwind by 33.5% in the 1st 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. 33.27% of the stock is currently owned by institutional investors and hedge funds.

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.