Essex Investment Management Co. LLC Decreases Stock Holdings in Broadwind, Inc. (NASDAQ:BWEN)

Essex Investment Management Co. LLC lessened its holdings in Broadwind, Inc. (NASDAQ:BWEN) by 10.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 60,782 shares of the industrial products company’s stock after selling 7,030 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Broadwind were worth $114,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Grace & White Inc. NY increased its holdings in Broadwind by 15.5% in the 4th quarter. Grace & White Inc. NY now owns 1,980,599 shares of the industrial products company’s stock valued at $3,724,000 after purchasing an additional 265,344 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Broadwind by 6.0% in the third quarter. Geode Capital Management LLC now owns 227,738 shares of the industrial products company’s stock worth $517,000 after buying an additional 12,936 shares during the period. GSA Capital Partners LLP grew its stake in shares of Broadwind by 26.9% in the third quarter. GSA Capital Partners LLP now owns 150,079 shares of the industrial products company’s stock valued at $341,000 after buying an additional 31,792 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Broadwind by 52.7% during the 3rd quarter. Empowered Funds LLC now owns 81,211 shares of the industrial products company’s stock valued at $184,000 after buying an additional 28,021 shares during the period. Institutional investors and hedge funds own 33.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lowered their price objective on shares of Broadwind from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday.

Broadwind Stock Down 1.9 %

Shares of Broadwind stock opened at $1.53 on Monday. Broadwind, Inc. has a 1-year low of $1.46 and a 1-year high of $4.65. The company has a market capitalization of $33.83 million, a PE ratio of 10.93 and a beta of 1.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 0.52. The business has a 50-day moving average of $1.77 and a 200-day moving average of $1.91.

Broadwind (NASDAQ:BWEN) last issued its quarterly earnings data on Wednesday, March 5th. The industrial products company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. Broadwind had a return on equity of 5.39% and a net margin of 2.01%. The firm had revenue of $33.57 million during the quarter, compared to analyst estimates of $31.54 million. As a group, equities analysts forecast that Broadwind, Inc. will post 0.01 EPS for the current fiscal year.

Broadwind Company 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.