Acadian Asset Management LLC Purchases New Position in Broadwind, Inc. (NASDAQ:BWEN)

Acadian Asset Management LLC purchased a new stake in shares of Broadwind, Inc. (NASDAQ:BWEN) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 129,568 shares of the industrial products company’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds have also bought and sold shares of BWEN. Lincoln Capital Corp purchased a new position in shares of Broadwind during the first quarter valued at approximately $49,000. Ritholtz Wealth Management purchased a new position in Broadwind during the 2nd quarter valued at $83,000. Perritt Capital Management Inc. raised its holdings in Broadwind by 36.4% in the 4th quarter. Perritt Capital Management Inc. now owns 150,000 shares of the industrial products company’s stock worth $416,000 after purchasing an additional 40,000 shares in the last quarter. Essex Investment Management Co. LLC lifted its position in shares of Broadwind by 33.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 195,859 shares of the industrial products company’s stock worth $466,000 after purchasing an additional 49,173 shares during the period. Finally, Mather Group LLC. bought a new stake in shares of Broadwind during the 2nd quarter valued at about $495,000. Hedge funds and other institutional investors own 33.27% of the company’s stock.

Broadwind Price Performance

Shares of BWEN opened at $2.19 on Thursday. Broadwind, Inc. has a fifty-two week low of $2.01 and a fifty-two week high of $4.65. The firm’s 50-day simple moving average is $2.63 and its two-hundred day simple moving average is $2.80. The stock has a market cap of $47.60 million, a PE ratio of 5.62 and a beta of 1.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.52 and a current ratio of 1.51.

Broadwind (NASDAQ:BWEN) last posted its quarterly earnings results on Tuesday, August 13th. The industrial products company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $36.45 million for the quarter, compared to the consensus estimate of $37.13 million. Broadwind had a return on equity of 13.11% and a net margin of 4.19%. During the same quarter in the prior year, the business posted $0.07 EPS. Analysts anticipate that Broadwind, Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BWEN shares. Roth Mkm decreased their price target on shares of Broadwind from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Wednesday, August 14th. HC Wainwright reissued a “buy” rating and issued a $8.00 target price on shares of Broadwind in a research report on Wednesday, August 14th. Craig Hallum dropped their price target on Broadwind from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Finally, StockNews.com downgraded Broadwind from a “buy” rating to a “hold” rating in a report on Thursday, August 8th.

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.