Perritt Capital Management Inc Sells 18,410 Shares of Broadwind, Inc. (NASDAQ:BWEN)

Perritt Capital Management Inc trimmed its position in Broadwind, Inc. (NASDAQ:BWEN) by 14.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 105,590 shares of the industrial products company’s stock after selling 18,410 shares during the quarter. Perritt Capital Management Inc’s holdings in Broadwind were worth $199,000 as of its most recent SEC filing.

Separately, Geode Capital Management LLC grew its stake in Broadwind by 6.0% in the third quarter. Geode Capital Management LLC now owns 227,738 shares of the industrial products company’s stock valued at $517,000 after acquiring an additional 12,936 shares during the period. 33.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BWEN. Craig Hallum reaffirmed a “buy” rating on shares of Broadwind in a research report on Wednesday, March 5th. Industrial Alliance Securities set a $3.00 price objective on shares of Broadwind in a report on Wednesday, March 5th. Finally, HC Wainwright dropped their price objective on shares of Broadwind from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th.

Broadwind Price Performance

Shares of NASDAQ:BWEN opened at $1.47 on Wednesday. Broadwind, Inc. has a 1-year low of $1.41 and a 1-year high of $4.65. The company has a current ratio of 1.50, a quick ratio of 0.52 and a debt-to-equity ratio of 0.16. The stock has a market cap of $32.81 million, a PE ratio of 10.50 and a beta of 1.70. The stock’s fifty day simple moving average is $1.60 and its two-hundred day simple moving average is $1.82.

Broadwind (NASDAQ:BWEN) last released its quarterly earnings results on Wednesday, March 5th. The industrial products company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. Broadwind had a net margin of 2.01% and a return on equity of 5.39%. The company had revenue of $33.57 million for the quarter, compared to analyst estimates of $31.54 million. As a group, analysts forecast that Broadwind, Inc. will post 0.01 EPS 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.