Squarepoint Ops LLC Invests $76,000 in Broadwind, Inc. (NASDAQ:BWEN)

Squarepoint Ops LLC acquired a new position in shares of Broadwind, Inc. (NASDAQ:BWEN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 40,532 shares of the industrial products company’s stock, valued at approximately $76,000. Squarepoint Ops LLC owned about 0.18% of Broadwind at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BWEN. Bridgeway Capital Management LLC increased its holdings in Broadwind by 11.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 90,387 shares of the industrial products company’s stock worth $170,000 after purchasing an additional 9,176 shares in the last quarter. Mariner LLC bought a new stake in Broadwind in the fourth quarter worth approximately $56,000. Finally, Grace & White Inc. NY increased its holdings in Broadwind by 15.5% in the fourth quarter. Grace & White Inc. NY now owns 1,980,599 shares of the industrial products company’s stock worth $3,724,000 after purchasing an additional 265,344 shares in the last quarter. 33.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on BWEN. Wall Street Zen downgraded Broadwind from a “hold” rating to a “sell” rating in a report on Monday, May 19th. Industrial Alliance Securities set a $3.00 price objective on Broadwind in a research note on Wednesday, March 5th. Craig Hallum reissued a “buy” rating on shares of Broadwind in a research note on Wednesday, March 5th. Finally, HC Wainwright reduced their price objective on Broadwind from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, March 6th.

Broadwind Price Performance

BWEN opened at $1.96 on Tuesday. The stock has a 50-day moving average price of $1.65 and a 200-day moving average price of $1.70. Broadwind, Inc. has a 12-month low of $1.41 and a 12-month high of $4.33. The company has a current ratio of 1.50, a quick ratio of 0.52 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $44.47 million, a P/E ratio of 14.00 and a beta of 1.46.

Broadwind (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. Broadwind had a return on equity of 5.39% and a net margin of 2.01%. The business had revenue of $36.84 million during the quarter, compared to analysts’ expectations of $32.76 million. Equities analysts predict that Broadwind, Inc. will post 0.01 earnings per share for the current fiscal year.

About Broadwind

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.