Broadwind Energy, Inc. (NASDAQ:BWEN) Director David P. Reiland purchased 4,592 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was purchased at an average cost of $3.61 per share, with a total value of $16,577.12. Following the purchase, the director now owns 47,975 shares in the company, valued at approximately $173,189.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Broadwind Energy, Inc. (NASDAQ BWEN) traded down 3.05% during midday trading on Wednesday, reaching $3.50. The company’s stock had a trading volume of 77,143 shares. The firm has a market cap of $52.63 million, a price-to-earnings ratio of 7.95 and a beta of 1.53. The company has a 50-day moving average price of $4.62 and a 200-day moving average price of $5.66. Broadwind Energy, Inc. has a 12 month low of $3.50 and a 12 month high of $9.80.
Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported ($0.05) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.05). The firm had revenue of $43.40 million during the quarter, compared to the consensus estimate of $43.17 million. Broadwind Energy had a return on equity of 3.27% and a net margin of 3.53%. The firm’s quarterly revenue was up .0% on a year-over-year basis. Equities analysts expect that Broadwind Energy, Inc. will post $0.28 earnings per share for the current year.
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Several brokerages recently commented on BWEN. Zacks Investment Research cut Broadwind Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. ValuEngine cut Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 3rd. Roth Capital assumed coverage on Broadwind Energy in a research report on Friday, June 30th. They set a “buy” rating and a $6.00 target price for the company. Finally, Cowen and Company set a $9.00 target price on Broadwind Energy and gave the stock a “buy” rating in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $6.58.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dialectic Capital Management LP bought a new position in Broadwind Energy during the first quarter worth $137,000. Teza Capital Management LLC bought a new position in Broadwind Energy during the first quarter worth $140,000. PEAK6 Investments L.P. bought a new position in Broadwind Energy during the first quarter worth $150,000. KCG Holdings Inc. bought a new position in Broadwind Energy during the first quarter worth $154,000. Finally, JPMorgan Chase & Co. increased its position in Broadwind Energy by 186.3% in the second quarter. JPMorgan Chase & Co. now owns 21,038 shares of the industrial products company’s stock worth $106,000 after buying an additional 13,691 shares in the last quarter. Hedge funds and other institutional investors own 59.59% of the company’s stock.
Broadwind Energy Company Profile
Broadwind Energy, Inc provides technologically advanced products and services to energy, mining and infrastructure sector customers, primarily in the United States. The Company is engaged primarily in United States wind energy industry. The Company operates through two segments: Towers and Weldments, and Gearing.
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