Guggenheim Capital LLC Acquires Shares of 6,454 Barnes Group Inc. (NYSE:B)

Guggenheim Capital LLC acquired a new stake in Barnes Group Inc. (NYSE:B) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,454 shares of the industrial products company’s stock, valued at approximately $305,000.

Other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of Barnes Group by 117.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 336 shares during the period. Vestcor Inc acquired a new stake in shares of Barnes Group during the 4th quarter valued at approximately $56,000. Sterling Capital Management LLC lifted its position in shares of Barnes Group by 820.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,463 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 1,304 shares during the period. KBC Group NV lifted its position in shares of Barnes Group by 52.4% during the 4th quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 752 shares during the period. Finally, Atria Investments Inc acquired a new stake in shares of Barnes Group during the 4th quarter valued at approximately $203,000. 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 Monday. 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 company has a market capitalization of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. Barnes Group Inc. has a 52-week low of $33.76 and a 52-week high of $47.50. The stock’s fifty day simple moving average is $47.48 and its 200-day simple moving average is $47.21.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Barnes Group in a research report on Sunday. They set a “sell” rating for the company.

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.