Broadwind, Inc. (NASDAQ:BWEN) Position Increased by Alerus Financial NA

Alerus Financial NA increased its position in shares of Broadwind, Inc. (NASDAQ:BWENGet Rating) by 176.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 36,539 shares of the industrial products company’s stock after buying an additional 23,300 shares during the quarter. Alerus Financial NA’s holdings in Broadwind were worth $79,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Grace & White Inc. NY raised its holdings in shares of Broadwind by 3.4% during the first quarter. Grace & White Inc. NY now owns 1,726,128 shares of the industrial products company’s stock worth $3,746,000 after acquiring an additional 56,671 shares in the last quarter. Essex Investment Management Co. LLC raised its holdings in shares of Broadwind by 34.6% during the first quarter. Essex Investment Management Co. LLC now owns 344,743 shares of the industrial products company’s stock worth $748,000 after acquiring an additional 88,600 shares in the last quarter. US Bancorp DE raised its holdings in shares of Broadwind by 16.5% during the first quarter. US Bancorp DE now owns 141,220 shares of the industrial products company’s stock worth $306,000 after acquiring an additional 20,000 shares in the last quarter. Quinn Opportunity Partners LLC raised its holdings in shares of Broadwind by 7.7% during the fourth quarter. Quinn Opportunity Partners LLC now owns 124,232 shares of the industrial products company’s stock worth $234,000 after acquiring an additional 8,870 shares in the last quarter. Finally, Bailard Inc. purchased a new stake in shares of Broadwind during the first quarter worth $39,000. 20.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BWEN. TheStreet lowered Broadwind from a “c-” rating to a “d” rating in a report on Wednesday, August 17th. StockNews.com initiated coverage on shares of Broadwind in a research report on Thursday, September 1st. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Broadwind currently has a consensus rating of “Moderate Buy”.

Broadwind Trading Up 2.7 %

Broadwind stock opened at $3.06 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.10 and a quick ratio of 0.48. The company has a market capitalization of $62.64 million, a price-to-earnings ratio of -5.37 and a beta of 1.17. Broadwind, Inc. has a one year low of $1.46 and a one year high of $3.69. The company’s fifty day moving average price is $2.35 and its two-hundred day moving average price is $2.05.

Broadwind (NASDAQ:BWENGet Rating) last posted its earnings results on Tuesday, August 9th. The industrial products company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Broadwind had a negative return on equity of 21.25% and a negative net margin of 7.14%. During the same quarter last year, the company earned ($0.12) EPS. On average, analysts forecast that Broadwind, Inc. will post -0.42 earnings per share for the current fiscal year.

About Broadwind

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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.

Further Reading

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Institutional Ownership by Quarter for Broadwind (NASDAQ:BWEN)

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