Broadwind, Inc. (NASDAQ:BWEN) executive Daniel E. Schueller, who serves as the President of Broadwind Heavy Fab, has recently sold a portion of his company shares. On May 28, 2024, Schueller sold 5,800 shares at an average price between $4.53 and $4.54, resulting in a total transaction value of approximately $26,283.
The sale was executed in multiple trades, and the reported price represents the weighted average price for these transactions. Schueller's share sale was part of his personal financial management, and following the sale, he continues to hold a significant number of shares in the company.
In addition to the sale, Schueller also reported a disposition of 1,245 shares valued at $4.42 per share, totaling $5,502. This transaction was related to the vesting of a restricted stock unit grant, for which Schueller elected to satisfy his withholding obligation by directing the company to withhold shares.
After these transactions, Schueller's direct holdings in Broadwind, Inc. have been adjusted. The executive also has indirect ownership through a 401(k) plan, which includes 16,160 shares of Broadwind's common stock.
Investors and those following Broadwind, Inc. may be interested in these transactions as part of tracking insider activity within the company. The transactions were disclosed in a filing with the Securities and Exchange Commission, which provides transparency into the trades made by company insiders.
InvestingPro Insights
Following the recent insider transactions by Broadwind, Inc. (NASDAQ:BWEN) executive Daniel E. Schueller, investors may be evaluating the company's performance and outlook. According to InvestingPro data, Broadwind has a market capitalization of $88.89 million and is trading at an attractive P/E ratio of 10.15. The company's stock has experienced a notable price total return of 11.75% over the last week and a staggering 92.92% over the last month as of Q1 2024.
InvestingPro Tips highlight that Broadwind's stock is currently in overbought territory based on the RSI, suggesting that caution may be warranted for short-term investors. Additionally, analysts have revised their earnings estimates upwards for the upcoming period, indicating potential optimism about the company's future performance. Broadwind's strong return over the past month and week underscores the recent upward trend in its share price.
For investors seeking a deeper analysis and more InvestingPro Tips, Broadwind's profile on InvestingPro offers additional insights. There are 16 more tips available, which could provide further clarity on the company's valuation, expected sales, and profitability. Interested readers can use the exclusive coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, which includes access to these valuable tips.
With a robust free cash flow yield and a low earnings multiple, Broadwind appears to be positioned well from a valuation standpoint. Moreover, the company's liquid assets exceed its short-term obligations, which speaks to its financial stability. As investors digest the recent insider sales, these metrics and tips from InvestingPro could be crucial in informing their investment decisions.
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