Teton Advisors Inc. maintained its stake in Broadwind Energy, Inc. (NASDAQ:BWEN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,440 shares of the industrial products company’s stock at the end of the second quarter. Teton Advisors Inc. owned about 0.60% of Broadwind Energy worth $451,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of BWEN. Acadian Asset Management LLC raised its stake in Broadwind Energy by 6,405.3% in the first quarter. Acadian Asset Management LLC now owns 37,991 shares of the industrial products company’s stock valued at $317,000 after buying an additional 37,407 shares during the period. Essex Investment Management Co. LLC purchased a new stake in Broadwind Energy during the first quarter valued at approximately $773,000. Teza Capital Management LLC purchased a new stake in Broadwind Energy during the first quarter valued at approximately $140,000. Hillsdale Investment Management Inc. purchased a new stake in Broadwind Energy during the first quarter valued at approximately $230,000. Finally, ClariVest Asset Management LLC purchased a new stake in Broadwind Energy during the first quarter valued at approximately $340,000. Institutional investors own 59.48% of the company’s stock.
Shares of Broadwind Energy, Inc. (NASDAQ:BWEN) opened at 3.06 on Wednesday. Broadwind Energy, Inc. has a 1-year low of $3.00 and a 1-year high of $9.80. The stock has a market capitalization of $46.01 million, a price-to-earnings ratio of 6.95 and a beta of 1.53. The firm’s 50-day moving average price is $4.11 and its 200 day moving average price is $5.62.
Broadwind Energy (NASDAQ:BWEN) last released its earnings results on Tuesday, August 1st. The industrial products company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). Broadwind Energy had a net margin of 3.53% and a return on equity of 3.27%. The business had revenue of $43.40 million during the quarter, compared to analyst estimates of $43.17 million. The firm’s quarterly revenue was up .0% on a year-over-year basis. Equities research analysts expect that Broadwind Energy, Inc. will post $0.13 earnings per share for the current fiscal year.
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Several equities research analysts have commented on BWEN shares. Zacks Investment Research lowered Broadwind Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. ValuEngine lowered Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 3rd. Roth Capital started coverage on Broadwind Energy in a research note on Friday, June 30th. They set a “buy” rating and a $6.00 price objective for the company. Finally, Cowen and Company set a $9.00 price objective on Broadwind Energy and gave the stock a “buy” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Broadwind Energy has an average rating of “Hold” and an average price target of $6.58.
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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