Cable Hill Partners LLC purchased a new position in Barnes Group Inc. (NYSE:B – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,721 shares of the industrial products company’s stock, valued at approximately $223,000.
Other large investors have also recently modified their holdings of the company. KBC Group NV raised its position in Barnes Group by 52.4% in the 4th quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock worth $103,000 after buying an additional 752 shares during the last quarter. Centiva Capital LP purchased a new position in Barnes Group in the 3rd quarter worth about $212,000. Captrust Financial Advisors purchased a new position in Barnes Group in the 3rd quarter worth about $224,000. Needham Investment Management LLC purchased a new position in Barnes Group in the 3rd quarter worth about $242,000. Finally, Quest Partners LLC purchased a new position in Barnes Group in the 3rd quarter worth about $248,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.
Barnes Group Price Performance
Shares of NYSE:B opened at $47.48 on Friday. The firm’s 50 day moving average price is $47.37 and its 200-day moving average price is $44.74. Barnes Group Inc. has a twelve month low of $32.00 and a twelve month high of $47.50. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on B
About Barnes Group
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.
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