Babcock & Wilcox Enterprises (NYSE:BW) Shares to Reverse Split on Wednesday, July 24th

Babcock & Wilcox Enterprises Inc (NYSE:BW)’s stock is going to reverse split before the market opens on Wednesday, July 24th. The 1-10 reverse split was announced on Thursday, July 11th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, July 23rd.

BW opened at $0.33 on Monday. Babcock & Wilcox Enterprises has a one year low of $0.19 and a one year high of $2.42. The firm has a 50 day simple moving average of $0.37.

Babcock & Wilcox Enterprises (NYSE:BW) last posted its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.29) earnings per share (EPS) for the quarter. The company had revenue of $231.90 million for the quarter.

In related news, Director Bryant R. Riley bought 227,369 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was bought at an average cost of $0.43 per share, with a total value of $97,768.67. Following the completion of the acquisition, the director now owns 311,359 shares in the company, valued at approximately $133,884.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kenneth M. Young bought 147,166 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was bought at an average cost of $0.41 per share, with a total value of $60,338.06. Following the completion of the acquisition, the chief executive officer now owns 147,166 shares of the company’s stock, valued at approximately $60,338.06. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 805,874 shares of company stock valued at $335,572. 15.80% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of Babcock & Wilcox Enterprises by 0.9% during the 4th quarter. BlackRock Inc. now owns 6,034,454 shares of the technology company’s stock worth $2,355,000 after purchasing an additional 52,579 shares in the last quarter. Equitec Specialists LLC increased its stake in shares of Babcock & Wilcox Enterprises by 94.9% during the 1st quarter. Equitec Specialists LLC now owns 3,398,401 shares of the technology company’s stock worth $1,397,000 after purchasing an additional 1,654,905 shares in the last quarter. Royce & Associates LP increased its stake in shares of Babcock & Wilcox Enterprises by 16.4% during the 1st quarter. Royce & Associates LP now owns 3,000,976 shares of the technology company’s stock worth $1,234,000 after purchasing an additional 423,917 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Babcock & Wilcox Enterprises by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 1,321,989 shares of the technology company’s stock worth $515,000 after purchasing an additional 28,434 shares in the last quarter. Finally, Citigroup Inc. increased its stake in shares of Babcock & Wilcox Enterprises by 144.6% during the 4th quarter. Citigroup Inc. now owns 68,286 shares of the technology company’s stock worth $27,000 after purchasing an additional 40,364 shares in the last quarter. 57.63% of the stock is owned by institutional investors.

About Babcock & Wilcox Enterprises

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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