Verition Fund Management LLC bought a new position in shares of Barnes Group Inc. (NYSE:B - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 98,359 shares of the industrial products company's stock, valued at approximately $3,975,000. Verition Fund Management LLC owned approximately 0.19% of Barnes Group at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in shares of Barnes Group by 17.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company's stock worth $66,000 after acquiring an additional 238 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Barnes Group in the 3rd quarter valued at about $178,000. Captrust Financial Advisors bought a new position in shares of Barnes Group during the 3rd quarter worth approximately $224,000. Quest Partners LLC purchased a new position in shares of Barnes Group in the 3rd quarter worth approximately $248,000. Finally, QRG Capital Management Inc. grew its holdings in shares of Barnes Group by 4.1% in the second quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company's stock valued at $251,000 after acquiring an additional 240 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company's stock.
Barnes Group Price Performance
NYSE:B traded down $0.05 during mid-day trading on Wednesday, reaching $47.01. The stock had a trading volume of 714,581 shares, compared to its average volume of 436,152. Barnes Group Inc. has a one year low of $27.21 and a one year high of $47.40. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. The firm has a 50 day moving average price of $45.68 and a two-hundred day moving average price of $41.61. The stock has a market capitalization of $2.39 billion, a P/E ratio of -61.12 and a beta of 1.34.
Analyst Ratings Changes
B has been the subject of a number of research reports. Truist Financial increased their target price on shares of Barnes Group from $38.00 to $47.50 and gave the company a "hold" rating in a research report on Tuesday, October 8th. DA Davidson reissued a "neutral" rating and set a $47.50 price objective (down from $52.00) on shares of Barnes Group in a report on Monday, October 7th. Finally, StockNews.com assumed coverage on Barnes Group in a research note on Wednesday. They issued a "sell" rating on the stock.
Read Our Latest Stock Analysis on Barnes Group
About Barnes Group
(
Free Report)
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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