Strategic Financial Concepts LLC Raises Stock Position in Barnes Group Inc. (NYSE:B)

Strategic Financial Concepts LLC increased its stake in shares of Barnes Group Inc. (NYSE:B) by 4,626.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,649 shares of the industrial products company’s stock after acquiring an additional 376,510 shares during the quarter. Strategic Financial Concepts LLC owned about 0.76% of Barnes Group worth $18,179,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Simcoe Capital Management LLC acquired a new position in Barnes Group in the third quarter valued at $24,469,000. Verition Fund Management LLC purchased a new stake in Barnes Group during the 3rd quarter valued at approximately $3,975,000. Readystate Asset Management LP acquired a new stake in Barnes Group during the 3rd quarter worth approximately $2,065,000. Patriot Financial Group Insurance Agency LLC grew its stake 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 valued at $22,148,000 after purchasing an additional 47,821 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Barnes Group in the third quarter valued at approximately $1,511,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Barnes Group in a research report on Thursday. They issued a “sell” rating on the stock.

Barnes Group Price Performance

B opened at $47.48 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. Barnes Group Inc. has a 12 month low of $32.00 and a 12 month high of $47.50. The stock has a market capitalization of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. The business has a 50 day simple moving average of $47.25 and a 200-day simple moving average of $43.96.

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.