AMH Equity Ltd Buys New Shares in Broadwind Energy, Inc. (NASDAQ:BWEN)

AMH Equity Ltd bought a new stake in Broadwind Energy, Inc. (NASDAQ:BWEN) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 144,000 shares of the industrial products company’s stock, valued at approximately $209,000.

Other hedge funds have also added to or reduced their stakes in the company. Mariner LLC bought a new position in Broadwind Energy in the fourth quarter valued at $56,000. Squarepoint Ops LLC bought a new position in Broadwind Energy in the fourth quarter valued at $76,000. Grace & White Inc. NY grew its position in Broadwind Energy by 7.3% in the first quarter. Grace & White Inc. NY now owns 2,125,587 shares of the industrial products company’s stock valued at $3,082,000 after purchasing an additional 144,988 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its position in Broadwind Energy by 11.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 90,387 shares of the industrial products company’s stock valued at $170,000 after purchasing an additional 9,176 shares in the last quarter. Institutional investors own 33.27% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Monday, May 19th.

Broadwind Energy Stock Up 1.6%

Broadwind Energy stock opened at $2.55 on Friday. The firm has a market capitalization of $57.86 million, a PE ratio of -63.75 and a beta of 1.44. The company’s 50-day moving average is $1.85 and its 200-day moving average is $1.72. Broadwind Energy, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $3.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 0.41.

Broadwind Energy (NASDAQ:BWEN) last released its quarterly earnings data on Tuesday, May 13th. The industrial products company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. The company had revenue of $36.84 million for the quarter, compared to analyst estimates of $32.76 million. Broadwind Energy had a negative net margin of 0.51% and a negative return on equity of 1.23%. Sell-side analysts anticipate that Broadwind Energy, Inc. will post 0.01 earnings per share for the current year.

Broadwind Energy 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.