Babcock & Wilcox Enterprises (NYSE:BW) Stock Price Down 5.7%

Babcock & Wilcox Enterprises Inc (NYSE:BW)’s share price was down 5.7% during mid-day trading on Thursday . The company traded as low as $0.32 and last traded at $0.33. Approximately 1,997,362 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 1,518,826 shares. The stock had previously closed at $0.35.

The stock has a 50 day moving average price of $0.42.

Babcock & Wilcox Enterprises (NYSE:BW) last announced its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.29) earnings per share (EPS) for the quarter. The firm had revenue of $231.90 million during the quarter. Babcock & Wilcox Enterprises had a negative return on equity of 457.12% and a negative net margin of 62.87%.

In other Babcock & Wilcox Enterprises news, CEO Kenneth M. Young bought 147,166 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was acquired at an average price of $0.41 per share, with a total value of $60,338.06. Following the transaction, the chief executive officer now owns 147,166 shares in the company, valued at $60,338.06. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bryant R. Riley bought 227,369 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was acquired at an average cost of $0.43 per share, with a total value of $97,768.67. Following the transaction, the director now owns 311,359 shares in the company, valued at approximately $133,884.37. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 805,874 shares of company stock worth $335,572. 15.80% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of BW. SCW Capital Management LP purchased a new position in Babcock & Wilcox Enterprises in the 4th quarter worth about $2,951,000. Prescott Group Capital Management L.L.C. raised its position in Babcock & Wilcox Enterprises by 607.8% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 4,242,047 shares of the technology company’s stock worth $1,656,000 after buying an additional 3,642,707 shares during the last quarter. Equitec Specialists LLC raised its position in Babcock & Wilcox Enterprises by 94.9% in the 1st quarter. Equitec Specialists LLC now owns 3,398,401 shares of the technology company’s stock worth $1,397,000 after buying an additional 1,654,905 shares during the last quarter. Vanguard Group Inc. raised its position in Babcock & Wilcox Enterprises by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 6,717,734 shares of the technology company’s stock worth $6,919,000 after buying an additional 568,418 shares during the last quarter. Finally, Wynnefield Capital Inc. raised its position in Babcock & Wilcox Enterprises by 12.4% in the 4th quarter. Wynnefield Capital Inc. now owns 4,080,000 shares of the technology company’s stock worth $1,593,000 after buying an additional 450,001 shares during the last quarter. 59.62% of the stock is owned by institutional investors and hedge funds.

About Babcock & Wilcox Enterprises (NYSE:BW)

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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