Wolverine Trading LLC Takes Position in Broadwind, Inc. (NASDAQ:BWEN)

Wolverine Trading LLC purchased a new stake in shares of Broadwind, Inc. (NASDAQ:BWEN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,064 shares of the industrial products company’s stock, valued at approximately $27,000.

A number of other institutional investors also recently made changes to their positions in the stock. Grace & White Inc. NY grew its position in Broadwind by 9.7% in the third quarter. Grace & White Inc. NY now owns 1,494,119 shares of the industrial products company’s stock worth $3,870,000 after acquiring an additional 132,580 shares in the last quarter. Vanguard Group Inc. grew its holdings in Broadwind by 6.4% in the second quarter. Vanguard Group Inc. now owns 728,069 shares of the industrial products company’s stock worth $3,298,000 after purchasing an additional 44,111 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Broadwind by 28.8% in the second quarter. Dimensional Fund Advisors LP now owns 463,779 shares of the industrial products company’s stock worth $2,101,000 after purchasing an additional 103,762 shares during the last quarter. Invenomic Capital Management LP purchased a new stake in shares of Broadwind during the second quarter valued at $1,570,000. Finally, Essex Investment Management Co. LLC boosted its holdings in Broadwind by 81.6% in the third quarter. Essex Investment Management Co. LLC now owns 203,125 shares of the industrial products company’s stock valued at $526,000 after purchasing an additional 91,266 shares during the last quarter. 29.18% of the stock is currently owned by institutional investors.

Shares of Broadwind stock opened at $1.74 on Friday. Broadwind, Inc. has a 1 year low of $1.52 and a 1 year high of $10.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.66 and a current ratio of 1.38. The company has a market capitalization of $33.90 million, a P/E ratio of 7.57 and a beta of 1.33. The company’s fifty day moving average is $1.90 and its two-hundred day moving average is $2.65.

Broadwind (NASDAQ:BWEN) last announced its quarterly earnings data on Wednesday, November 10th. The industrial products company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.02). The company had revenue of $40.39 million during the quarter, compared to analyst estimates of $38.67 million. Broadwind had a net margin of 3.11% and a negative return on equity of 15.32%. During the same quarter last year, the business earned ($0.06) EPS. As a group, equities analysts expect that Broadwind, Inc. will post -0.69 earnings per share for the current year.

A number of analysts have commented on the stock. Johnson Rice downgraded shares of Broadwind from a “buy” rating to an “accumulate” rating in a report on Tuesday, November 16th. Zacks Investment Research raised shares of Broadwind from a “sell” rating to a “hold” rating in a research report on Tuesday, January 4th.

Broadwind Company Profile

Broadwind, Inc is engaged in the manufacture of structures, equipment, and components for clean tech and other specialized applications. It operates through the following business segments: Heavy Fabrications, Gearing and Industrial Solutions. The Heavy Fabrications segment provides fabrications to customers in industrial markets.

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