Babcock & Wilcox Enterprises (BW) Trading Down 6.5%

Babcock & Wilcox Enterprises Inc (NYSE:BW) shares fell 6.5% during mid-day trading on Friday . The stock traded as low as $0.42 and last traded at $0.43. 1,050,746 shares were traded during trading, a decline of 39% from the average session volume of 1,713,629 shares. The stock had previously closed at $0.46.

In other Babcock & Wilcox Enterprises news, CFO Louis Salamone, Jr. bought 120,000 shares of the stock in a transaction dated Tuesday, May 14th. The stock was bought at an average cost of $0.41 per share, for a total transaction of $49,200.00. Following the completion of the purchase, the chief financial officer now owns 120,000 shares in the company, valued at approximately $49,200. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bryant R. Riley bought 262,502 shares of the stock in a transaction dated Wednesday, May 15th. The stock was acquired at an average price of $0.41 per share, with a total value of $107,625.82. Following the completion of the purchase, the director now owns 240,969 shares of the company’s stock, valued at approximately $98,797.29. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 565,668 shares of company stock valued at $232,284. 3.60% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in BW. SCW Capital Management LP acquired a new stake in shares of Babcock & Wilcox Enterprises in the fourth quarter valued at $2,951,000. Prescott Group Capital Management L.L.C. increased its stake in shares of Babcock & Wilcox Enterprises by 607.8% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 4,242,047 shares of the technology company’s stock valued at $1,656,000 after buying an additional 3,642,707 shares in the last quarter. Equitec Specialists LLC increased its stake in shares of Babcock & Wilcox Enterprises by 94.9% in the first quarter. Equitec Specialists LLC now owns 3,398,401 shares of the technology company’s stock valued at $1,397,000 after buying an additional 1,654,905 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Babcock & Wilcox Enterprises by 10.4% in the first quarter. Neuberger Berman Group LLC now owns 6,960,311 shares of the technology company’s stock valued at $2,873,000 after buying an additional 657,826 shares in the last quarter. Finally, Vanguard Group Inc increased its stake in shares of Babcock & Wilcox Enterprises by 9.2% in the third quarter. Vanguard Group Inc now owns 6,717,734 shares of the technology company’s stock valued at $6,919,000 after buying an additional 568,418 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

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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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