Y Intercept Hong Kong Ltd Invests $676,000 in Barnes Group Inc. (NYSE:B)

Y Intercept Hong Kong Ltd purchased a new stake in Barnes Group Inc. (NYSE:B - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,730 shares of the industrial products company's stock, valued at approximately $676,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Barnes Group by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,587,611 shares of the industrial products company's stock worth $148,565,000 after buying an additional 60,152 shares in the last quarter. Mason Capital Management LLC raised its stake in Barnes Group by 32.9% during the second quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company's stock worth $43,484,000 after acquiring an additional 259,957 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Barnes Group during the second quarter valued at $32,576,000. Simcoe Capital Management LLC acquired a new stake in shares of Barnes Group in the 3rd quarter valued at $24,469,000. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Barnes Group by 9.6% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 548,088 shares of the industrial products company's stock worth $22,148,000 after purchasing an additional 47,821 shares during the last quarter. 90.82% of the stock is owned by institutional investors.

Barnes Group Trading Up 0.0 %

B stock traded up $0.02 during midday trading on Friday, hitting $47.07. 347,563 shares of the company's stock were exchanged, compared to its average volume of 435,772. Barnes Group Inc. has a one year low of $29.60 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 company has a market cap of $2.40 billion, a PE ratio of -61.13 and a beta of 1.34. The stock's fifty day moving average price is $46.76 and its 200-day moving average price is $41.98.

Analyst Ratings Changes

A number of equities research analysts recently commented on B shares. StockNews.com initiated coverage on Barnes Group in a research report on Thursday. They set a "sell" rating on the stock. Truist Financial increased their target price on Barnes Group from $38.00 to $47.50 and gave the stock a "hold" rating in a report on Tuesday, October 8th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $47.50 price target (down from $52.00) on shares of Barnes Group in a report on Monday, October 7th.

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.