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

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Industrial Alliance Securities set a $3.00 target price on shares of Broadwind in a report on Wednesday, March 5th. Craig Hallum reissued a “buy” rating on shares of Broadwind in a report on Wednesday, March 5th. Finally, HC Wainwright reduced their price objective on shares of 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 0.7 %

Shares of BWEN stock traded up $0.01 during mid-day trading on Wednesday, hitting $1.44. 6,620 shares of the stock traded hands, compared to its average volume of 163,889. Broadwind has a 52-week low of $1.41 and a 52-week high of $4.65. The stock has a market cap of $32.14 million, a P/E ratio of 10.29 and a beta of 1.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 0.52. The stock’s fifty day moving average is $1.69 and its two-hundred day moving average is $1.87.

Broadwind (NASDAQ:BWEN) last announced its earnings results on Wednesday, March 5th. The industrial products company reported ($0.04) earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $31.54 million. Equities analysts predict that Broadwind will post 0.01 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Grace & White Inc. NY grew its stake 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 acquiring an additional 265,344 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Broadwind during the 4th quarter worth approximately $76,000. GSA Capital Partners LLP grew its position in Broadwind by 26.9% during the 3rd quarter. GSA Capital Partners LLP now owns 150,079 shares of the industrial products company’s stock worth $341,000 after purchasing an additional 31,792 shares during the last quarter. Mariner LLC acquired a new position in Broadwind during the 4th quarter valued at approximately $56,000. Finally, Empowered Funds LLC raised its holdings in shares of Broadwind by 52.7% in the third quarter. Empowered Funds LLC now owns 81,211 shares of the industrial products company’s stock worth $184,000 after buying an additional 28,021 shares during the last quarter. 33.27% of the stock is currently owned by hedge funds and other institutional investors.

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.