National Planning Corp Buys Shares of 111,400 Broadwind Energy, Inc. (BWEN)

National Planning Corp bought a new stake in shares of Broadwind Energy, Inc. (NASDAQ:BWEN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 111,400 shares of the industrial products company’s stock, valued at approximately $436,000. National Planning Corp owned about 0.74% of Broadwind Energy at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Broadwind Energy by 186.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,038 shares of the industrial products company’s stock worth $106,000 after buying an additional 13,691 shares during the last quarter. KCG Holdings Inc. purchased a new position in shares of Broadwind Energy in the 1st quarter worth $154,000. Macquarie Group Ltd. purchased a new position in shares of Broadwind Energy in the 3rd quarter worth $166,000. Russell Investments Group Ltd. purchased a new position in shares of Broadwind Energy in the 2nd quarter worth $226,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Broadwind Energy by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 59,647 shares of the industrial products company’s stock worth $301,000 after buying an additional 1,004 shares during the last quarter. Institutional investors and hedge funds own 52.96% of the company’s stock.

A number of research firms have recently issued reports on BWEN. Zacks Investment Research upgraded Broadwind Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. ValuEngine downgraded Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Roth Capital set a $5.00 target price on Broadwind Energy and gave the company a “buy” rating in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $6.50.

Broadwind Energy, Inc. (BWEN) opened at $2.46 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.02. Broadwind Energy, Inc. has a 52-week low of $2.34 and a 52-week high of $9.80.

Broadwind Energy (NASDAQ:BWEN) last released its earnings results on Tuesday, October 31st. The industrial products company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. The company had revenue of $29.60 million for the quarter, compared to the consensus estimate of $29.84 million. Broadwind Energy had a negative return on equity of 1.31% and a net margin of 2.05%. Broadwind Energy’s quarterly revenue was down 30.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. analysts anticipate that Broadwind Energy, Inc. will post -0.07 earnings per share for the current year.

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Broadwind Energy Profile

Broadwind Energy, Inc provides technologically advanced products and services to energy, mining and infrastructure sector customers, primarily in the United States. The Company is engaged primarily in United States wind energy industry. The Company operates through two segments: Towers and Weldments, and Gearing.

Institutional Ownership by Quarter for Broadwind Energy (NASDAQ:BWEN)

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