Babcock & Wilcox Enterprises Inc (NYSE:BW) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 703,200 shares, a decrease of 13.2% from the July 31st total of 810,400 shares. Approximately 40.0% of the shares of the company are sold short. Based on an average daily volume of 144,400 shares, the short-interest ratio is presently 4.9 days.
In related news, Director Vintage Capital Management Llc acquired 107,207,856 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were bought at an average price of $0.30 per share, for a total transaction of $32,162,356.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Steel Partners Holdings L.P. sold 14,616 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $3.71, for a total transaction of $54,225.36. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 107,274,472 shares of company stock worth $32,406,911 and have sold 1,769,417 shares worth $6,561,694. 15.80% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BW. Jane Street Group LLC purchased a new stake in shares of Babcock & Wilcox Enterprises in the second quarter worth $57,000. Paloma Partners Management Co bought a new stake in shares of Babcock & Wilcox Enterprises in the 2nd quarter worth about $97,000. Gratia Capital LLC bought a new stake in shares of Babcock & Wilcox Enterprises in the 2nd quarter worth about $69,000. Vanguard Group Inc. lifted its holdings in shares of Babcock & Wilcox Enterprises by 77.6% in the 2nd quarter. Vanguard Group Inc. now owns 9,819,072 shares of the technology company’s stock worth $3,367,000 after acquiring an additional 4,289,644 shares during the last quarter. Finally, RBF Capital LLC lifted its holdings in shares of Babcock & Wilcox Enterprises by 2,446.0% in the 2nd quarter. RBF Capital LLC now owns 800,200 shares of the technology company’s stock worth $274,000 after acquiring an additional 768,770 shares during the last quarter.
Babcock & Wilcox Enterprises (NYSE:BW) last released its quarterly earnings results on Thursday, August 8th. The technology company reported ($1.54) earnings per share for the quarter. The business had revenue of $248.10 million for the quarter.
Babcock & Wilcox Enterprises Company Profile
Babcock & Wilcox Enterprises, Inc provides fossil and renewable power generation and environmental equipment for the power and industrial markets worldwide. Its Babcock & Wilcox segment engages in the engineering, procurement, specialty manufacturing, construction, and commissioning of new and retrofit utility boilers and industrial boilers fired with coal and natural gas; and boiler cleaning equipment and material handling equipment.
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