Broadwind, Inc. (NASDAQ:BWEN) Short Interest Up 23.3% in February

Broadwind, Inc. (NASDAQ:BWEN) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 272,200 shares, an increase of 23.3% from the February 13th total of 220,700 shares. Based on an average daily volume of 138,900 shares, the short-interest ratio is presently 2.0 days. Currently, 1.4% of the company’s shares are sold short.

Hedge Funds Weigh In On Broadwind

Several institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP lifted its stake in Broadwind by 26.9% in the third quarter. GSA Capital Partners LLP now owns 150,079 shares of the industrial products company’s stock valued at $341,000 after buying an additional 31,792 shares in the last quarter. Empowered Funds LLC lifted its position in Broadwind by 52.7% in the 3rd quarter. Empowered Funds LLC now owns 81,211 shares of the industrial products company’s stock valued at $184,000 after acquiring an additional 28,021 shares in the last quarter. Geode Capital Management LLC boosted its stake in Broadwind by 6.0% in the 3rd quarter. Geode Capital Management LLC now owns 227,738 shares of the industrial products company’s stock worth $517,000 after purchasing an additional 12,936 shares during the period. Grace & White Inc. NY boosted its position in shares of Broadwind by 15.5% during the fourth quarter. Grace & White Inc. NY now owns 1,980,599 shares of the industrial products company’s stock worth $3,724,000 after buying an additional 265,344 shares during the period. Finally, Mariner LLC acquired a new position in Broadwind during the 4th quarter worth approximately $56,000. 33.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Craig Hallum reissued a “buy” rating on shares of Broadwind in a research note on Wednesday, March 5th. Industrial Alliance Securities set a $3.00 price target on Broadwind in a research note on Wednesday, March 5th. Finally, HC Wainwright decreased their price objective on Broadwind from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, March 6th.

Broadwind Stock Up 2.1 %

Shares of NASDAQ BWEN opened at $1.46 on Thursday. The firm has a 50 day moving average price of $1.68 and a 200 day moving average price of $1.87. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.52 and a current ratio of 1.50. The stock has a market cap of $32.59 million, a P/E ratio of 10.43 and a beta of 1.70. Broadwind has a 52-week low of $1.41 and a 52-week high of $4.65.

Broadwind (NASDAQ:BWEN) last issued its quarterly earnings data on Wednesday, March 5th. The industrial products company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.04. The business had revenue of $33.57 million for the quarter, compared to the consensus estimate of $31.54 million. Broadwind had a return on equity of 5.39% and a net margin of 2.01%. Analysts expect that Broadwind will post 0.01 EPS for the current year.

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.