Insider Buying: Babcock & Wilcox Enterprises Inc (BW) Insider Acquires 36,000 Shares of Stock

Babcock & Wilcox Enterprises Inc (NYSE:BW) insider Jimmy B. Morgan bought 36,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were acquired at an average cost of $0.42 per share, with a total value of $15,120.00. Following the acquisition, the insider now directly owns 51,594 shares in the company, valued at approximately $21,669.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BW traded down $0.04 during trading on Friday, reaching $0.42. 15,273 shares of the company’s stock were exchanged, compared to its average volume of 1,486,576. Babcock & Wilcox Enterprises Inc has a fifty-two week low of $0.19 and a fifty-two week high of $3.00.

Several hedge funds have recently made changes to their positions in BW. SCW Capital Management LP bought a new stake in Babcock & Wilcox Enterprises in the 4th quarter valued at $2,951,000. Vanguard Group Inc. lifted 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 valued at $6,919,000 after acquiring an additional 568,418 shares in the last quarter. Wynnefield Capital Inc. lifted 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 valued at $1,593,000 after acquiring an additional 450,001 shares in the last quarter. Equitec Specialists LLC lifted its position in Babcock & Wilcox Enterprises by 81.0% in the 4th quarter. Equitec Specialists LLC now owns 1,743,496 shares of the technology company’s stock valued at $681,000 after acquiring an additional 780,455 shares in the last quarter. Finally, B. Riley Financial Inc. lifted its position in Babcock & Wilcox Enterprises by 0.5% in the 4th quarter. B. Riley Financial Inc. now owns 10,908,713 shares of the technology company’s stock valued at $4,259,000 after acquiring an additional 57,000 shares in the last quarter. 64.70% of the stock is owned by institutional investors.

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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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