Babcock & Wilcox Enterprises Inc (BW) Director Bryant R. Riley Buys 227,369 Shares

Babcock & Wilcox Enterprises Inc (NYSE:BW) Director Bryant R. Riley bought 227,369 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were acquired at an average cost of $0.43 per share, with a total value of $97,768.67. Following the purchase, the director now owns 311,359 shares of the company’s stock, valued at $133,884.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

BW opened at $0.47 on Friday. Babcock & Wilcox Enterprises Inc has a 52 week low of $0.19 and a 52 week high of $3.00.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. boosted its position in shares of Babcock & Wilcox Enterprises by 144.6% during the fourth quarter. Citigroup Inc. now owns 68,286 shares of the technology company’s stock worth $27,000 after buying an additional 40,364 shares during the period. Capstone Financial Advisors Inc. boosted its position in shares of Babcock & Wilcox Enterprises by 50.0% during the fourth quarter. Capstone Financial Advisors Inc. now owns 75,000 shares of the technology company’s stock worth $29,000 after buying an additional 25,000 shares during the period. Quinn Opportunity Partners LLC boosted its position in shares of Babcock & Wilcox Enterprises by 29.6% during the fourth quarter. Quinn Opportunity Partners LLC now owns 175,000 shares of the technology company’s stock worth $68,000 after buying an additional 40,000 shares during the period. Wells Fargo & Company MN boosted its position in shares of Babcock & Wilcox Enterprises by 49.4% during the first quarter. Wells Fargo & Company MN now owns 613,897 shares of the technology company’s stock worth $253,000 after buying an additional 203,064 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Babcock & Wilcox Enterprises by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 1,321,989 shares of the technology company’s stock worth $515,000 after buying an additional 28,434 shares during the period. Institutional investors and hedge funds own 62.97% of the company’s stock.

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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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