Yakira Capital Management Inc. Acquires Shares of 35,060 Barnes Group Inc. (NYSE:B)

Yakira Capital Management Inc. bought a new position in shares of Barnes Group Inc. (NYSE:B) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 35,060 shares of the industrial products company’s stock, valued at approximately $1,657,000. Yakira Capital Management Inc. owned approximately 0.07% of Barnes Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Patriot Financial Group Insurance Agency LLC grew its position in Barnes Group by 2.1% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 559,772 shares of the industrial products company’s stock worth $26,455,000 after buying an additional 11,684 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Barnes Group by 22.9% during the 3rd quarter. Jane Street Group LLC now owns 153,917 shares of the industrial products company’s stock worth $6,220,000 after purchasing an additional 28,649 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Barnes Group by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 92,185 shares of the industrial products company’s stock worth $3,725,000 after purchasing an additional 12,156 shares during the period. Barclays PLC raised its stake in Barnes Group by 9.3% in the third quarter. Barclays PLC now owns 132,462 shares of the industrial products company’s stock valued at $5,353,000 after purchasing an additional 11,279 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Barnes Group during the third quarter worth about $432,000. Institutional investors own 90.82% of the company’s stock.

Analysts Set New Price Targets

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

Barnes Group Price Performance

Shares of B stock opened at $47.48 on Friday. The business has a fifty day simple moving average of $47.48 and a 200 day simple moving average of $46.50. The company has a market cap of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. Barnes Group Inc. has a twelve month low of $32.65 and a twelve month high of $47.50.

Barnes Group 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.