Babcock & Wilcox Enterprises Inc (BW) Insider Buys $15,120.00 in Stock

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

Shares of BW stock traded up $0.04 on Wednesday, reaching $0.44. The company’s stock had a trading volume of 1,749,593 shares, compared to its average volume of 1,728,313. Babcock & Wilcox Enterprises Inc has a 12-month low of $0.19 and a 12-month high of $3.00.

Several hedge funds have recently modified their holdings of the stock. Capstone Financial Advisors Inc. raised its position in shares of Babcock & Wilcox Enterprises by 50.0% in 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 in the last quarter. Geode Capital Management LLC raised its position in shares of Babcock & Wilcox Enterprises by 2.2% in 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 in the last quarter. Quinn Opportunity Partners LLC raised its position in shares of Babcock & Wilcox Enterprises by 29.6% in 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 in the last quarter. Citigroup Inc. raised its position in shares of Babcock & Wilcox Enterprises by 144.6% in 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 in the last quarter. Finally, BlackRock Inc. raised its position in shares of Babcock & Wilcox Enterprises by 0.9% in the fourth quarter. BlackRock Inc. now owns 6,034,454 shares of the technology company’s stock worth $2,355,000 after buying an additional 52,579 shares in the last quarter. Institutional investors own 64.70% 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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