128,133 Shares in Broadwind Energy, Inc. $BWEN Purchased by Aristides Capital LLC

Aristides Capital LLC purchased a new stake in Broadwind Energy, Inc. (NASDAQ:BWEN) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 128,133 shares of the industrial products company’s stock, valued at approximately $363,000.

Several other large investors have also added to or reduced their stakes in BWEN. Marshall Wace LLP bought a new stake in Broadwind Energy during the fourth quarter worth $796,000. Jane Street Group LLC boosted its stake in shares of Broadwind Energy by 821.0% in the 4th quarter. Jane Street Group LLC now owns 123,659 shares of the industrial products company’s stock worth $350,000 after buying an additional 110,232 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Broadwind Energy in the 4th quarter worth approximately $275,000. Quadrature Capital Ltd bought a new position in shares of Broadwind Energy in the fourth quarter valued at approximately $170,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Broadwind Energy by 40.6% in the fourth quarter. Renaissance Technologies LLC now owns 203,932 shares of the industrial products company’s stock valued at $577,000 after acquiring an additional 58,932 shares in the last quarter. Institutional investors own 33.27% of the company’s stock.

Broadwind Energy Trading Up 3.3%

NASDAQ:BWEN opened at $5.03 on Friday. Broadwind Energy, Inc. has a 12 month low of $1.73 and a 12 month high of $5.23. The company has a current ratio of 1.92, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $3.27 and its 200 day moving average is $2.95. The stock has a market capitalization of $117.70 million, a PE ratio of 22.86 and a beta of 1.80.

Broadwind Energy (NASDAQ:BWEN) last announced its quarterly earnings data on Tuesday, May 12th. The industrial products company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.05. Broadwind Energy had a negative return on equity of 2.05% and a net margin of 3.30%.The business had revenue of $34.06 million during the quarter, compared to analyst estimates of $32.72 million. Sell-side analysts expect that Broadwind Energy, Inc. will post -0.08 earnings per share for the current year.

Analysts Set New Price Targets

BWEN has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Broadwind Energy from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings upgraded Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Broadwind Energy presently has an average rating of “Hold” and a consensus target price of $6.00.

Broadwind Energy Profile

Broadwind Energy, Inc (NASDAQ: BWEN) is an engineering and manufacturing company focused on the design, production and service of heavy industrial equipment for energy infrastructure and related markets. The company’s offerings include custom-engineered gearboxes, couplings, hydrodynamic drives and utility-scale wind turbine towers. In addition to new equipment, Broadwind Energy provides aftermarket repair, refurbishment and testing services to support the long-term operation of energy and industrial assets.

The company operates through two principal segments.