Quadrature Capital Ltd bought a new stake in Barnes Group Inc. (NYSE:B – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,844 shares of the industrial products company’s stock, valued at approximately $322,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in Barnes Group by 418.3% in the fourth quarter. Parallel Advisors LLC now owns 1,218 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 983 shares during the last quarter. GAMMA Investing LLC acquired a new position in Barnes Group in the fourth quarter valued at $58,000. CWM LLC lifted its stake in shares of Barnes Group by 470.7% during the fourth quarter. CWM LLC now owns 2,100 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 1,732 shares in the last quarter. TFO Wealth Partners LLC lifted its stake in shares of Barnes Group by 57,362.5% during the fourth quarter. TFO Wealth Partners LLC now owns 4,597 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 4,589 shares in the last quarter. Finally, Simplex Trading LLC lifted its stake in shares of Barnes Group by 3,438.3% during the fourth quarter. Simplex Trading LLC now owns 6,543 shares of the industrial products company’s stock worth $213,000 after purchasing an additional 6,739 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.
Barnes Group Trading Down 1.2 %
NYSE:B opened at $38.90 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.53 and a current ratio of 2.41. Barnes Group Inc. has a one year low of $18.79 and a one year high of $43.65. The business’s 50-day simple moving average is $38.17 and its 200 day simple moving average is $35.47. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 432.22, a price-to-earnings-growth ratio of 2.27 and a beta of 1.40.
Barnes Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 29th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Wednesday, May 29th. Barnes Group’s dividend payout ratio is currently 711.11%.
Analysts Set New Price Targets
A number of brokerages have commented on B. Oppenheimer boosted their price objective on Barnes Group from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, June 14th. DA Davidson boosted their price objective on Barnes Group from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th.
Get Our Latest Stock Report on B
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.
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