Broadwind, Inc. (NASDAQ:BWEN) Short Interest Down 21.1% in May

Broadwind, Inc. (NASDAQ:BWEN) saw a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 138,000 shares, a drop of 21.1% from the May 15th total of 174,900 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 184,100 shares, the days-to-cover ratio is currently 0.7 days.

Insider Activity at Broadwind

In related news, insider Daniel E. Schueller sold 5,800 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Broadwind

A number of large investors have recently made changes to their positions in the stock. TSA Wealth Managment LLC bought a new stake in Broadwind during the fourth quarter valued at $41,000. Quadrature Capital Ltd boosted its stake in Broadwind by 68.9% during the third 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 period. Lincoln Capital Corp bought a new stake in Broadwind during the first quarter valued at $49,000. Russell Investments Group Ltd. boosted its stake in Broadwind by 7.2% during the first 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. boosted its stake in Broadwind by 36.4% during the fourth 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

A number of research firms have issued reports on BWEN. StockNews.com raised Broadwind from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Craig Hallum decreased their target price on Broadwind from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. 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. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $8.00 price target on shares of Broadwind in a report on Friday, May 17th.

Broadwind Stock Performance

Shares of Broadwind stock traded down $0.27 during trading hours on Friday, reaching $3.73. The company had a trading volume of 272,967 shares, compared to its average volume of 412,528. Broadwind has a one year low of $2.01 and a one year high of $4.81. The business has a fifty day simple moving average of $2.95 and a 200 day simple moving average of $2.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 0.53. The firm has a market cap of $81.07 million, a PE ratio of 9.56 and a beta of 1.49.

Broadwind (NASDAQ:BWEN) last posted its quarterly earnings results on Tuesday, May 14th. The industrial products company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates 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 earned $0.07 earnings per share. On average, analysts anticipate that Broadwind will post 0.09 earnings per share for the current fiscal year.

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.