Geode Capital Management LLC Purchases 12,936 Shares of Broadwind, Inc. (NASDAQ:BWEN)

Geode Capital Management LLC raised its position in Broadwind, Inc. (NASDAQ:BWEN) by 6.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 227,738 shares of the industrial products company’s stock after acquiring an additional 12,936 shares during the quarter. Geode Capital Management LLC owned approximately 1.04% of Broadwind worth $517,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BWEN. Renaissance Technologies LLC boosted its holdings in Broadwind by 65.2% in the second quarter. Renaissance Technologies LLC now owns 83,800 shares of the industrial products company’s stock valued at $275,000 after acquiring an additional 33,064 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Broadwind by 26.9% in the 3rd quarter. GSA Capital Partners LLP now owns 150,079 shares of the industrial products company’s stock worth $341,000 after purchasing an additional 31,792 shares during the period. American Century Companies Inc. boosted its stake in shares of Broadwind by 181.0% during the 2nd quarter. American Century Companies Inc. now owns 46,032 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 29,653 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Broadwind during the second quarter valued at about $84,000. Finally, Empowered Funds LLC increased its position in shares of Broadwind by 52.7% during the third 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. 33.27% of the stock is owned by institutional investors.

Broadwind Stock Performance

Shares of BWEN opened at $1.86 on Friday. The company has a 50-day simple moving average of $1.82 and a two-hundred day simple moving average of $2.27. 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 firm has a market capitalization of $41.13 million, a PE ratio of 13.29 and a beta of 1.44. Broadwind, Inc. has a one year low of $1.52 and a one year high of $4.65.

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.