Paloma Partners Management Co Takes $259,000 Position in Barnes Group Inc. (NYSE:B)

Paloma Partners Management Co acquired a new position in shares of Barnes Group Inc. (NYSE:B) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 6,400 shares of the industrial products company’s stock, valued at approximately $259,000.

A number of other institutional investors also recently bought and sold shares of B. GAMMA Investing LLC lifted its holdings in shares of Barnes Group by 17.1% during the third quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 238 shares during the period. SG Americas Securities LLC purchased a new position in Barnes Group during the 3rd quarter worth $178,000. Captrust Financial Advisors acquired a new stake in shares of Barnes Group in the 3rd quarter worth $224,000. Quest Partners LLC purchased a new stake in shares of Barnes Group in the third quarter valued at about $248,000. Finally, QRG Capital Management Inc. increased its stake in shares of Barnes Group by 4.1% during the second quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 240 shares during the period. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on B shares. Truist Financial increased their price target on shares of Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a report on Tuesday, October 8th. StockNews.com assumed coverage on Barnes Group in a research note on Wednesday. They set a “sell” rating for the company. Finally, DA Davidson restated a “neutral” rating and issued a $47.50 price target (down from $52.00) on shares of Barnes Group in a research note on Monday, October 7th.

Barnes Group Stock Performance

Shares of B opened at $46.98 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. Barnes Group Inc. has a 52-week low of $27.84 and a 52-week high of $47.40. The company has a 50-day simple moving average of $46.13 and a 200-day simple moving average of $41.72. The company has a market capitalization of $2.39 billion, a PE ratio of -61.01 and a beta of 1.34.

Barnes Group Company Profile

Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. The company operates through two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.