Thomson Horstmann & Bryant Inc. Sells 129,546 Shares of Houston Wire & Cable Company (NASDAQ:HWCC)

Thomson Horstmann & Bryant Inc. reduced its position in Houston Wire & Cable Company (NASDAQ:HWCC) by 13.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 806,476 shares of the industrial products company’s stock after selling 129,546 shares during the period. Thomson Horstmann & Bryant Inc. owned about 4.89% of Houston Wire & Cable worth $4,233,000 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. Rutabaga Capital Management LLC MA grew its position in shares of Houston Wire & Cable by 2.2% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,518,044 shares of the industrial products company’s stock valued at $7,894,000 after acquiring an additional 32,283 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Houston Wire & Cable by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,937 shares of the industrial products company’s stock valued at $5,370,000 after acquiring an additional 35,058 shares during the period. Northern Trust Corp grew its position in shares of Houston Wire & Cable by 2.4% during the 2nd quarter. Northern Trust Corp now owns 49,933 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 1,172 shares during the period. Isthmus Partners LLC grew its position in shares of Houston Wire & Cable by 0.6% during the 2nd quarter. Isthmus Partners LLC now owns 84,023 shares of the industrial products company’s stock valued at $437,000 after acquiring an additional 497 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Houston Wire & Cable by 35.1% in the 2nd quarter. Franklin Resources Inc. now owns 250,000 shares of the industrial products company’s stock worth $1,313,000 after buying an additional 65,000 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Shares of Houston Wire & Cable Company (NASDAQ:HWCC) traded down $0.30 during trading hours on Friday, hitting $5.85. 35,500 shares of the stock were exchanged, compared to its average volume of 41,404. Houston Wire & Cable Company has a fifty-two week low of $4.70 and a fifty-two week high of $8.05. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.92 and a current ratio of 7.21.

Houston Wire & Cable (NASDAQ:HWCC) last announced its earnings results on Thursday, November 9th. The industrial products company reported $0.06 earnings per share for the quarter. Houston Wire & Cable had a negative net margin of 1.33% and a negative return on equity of 0.86%. The company had revenue of $81.20 million during the quarter, compared to the consensus estimate of $77.60 million. During the same period last year, the firm earned ($0.09) earnings per share. Houston Wire & Cable’s revenue was up 24.5% compared to the same quarter last year. sell-side analysts anticipate that Houston Wire & Cable Company will post -0.05 earnings per share for the current year.

HWCC has been the subject of several research reports. Zacks Investment Research raised shares of Houston Wire & Cable from a “sell” rating to a “hold” rating in a report on Friday, September 1st. TheStreet cut shares of Houston Wire & Cable from a “c-” rating to a “d+” rating in a research report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $8.00.

ILLEGAL ACTIVITY NOTICE: “Thomson Horstmann & Bryant Inc. Sells 129,546 Shares of Houston Wire & Cable Company (NASDAQ:HWCC)” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2017/11/11/thomson-horstmann-bryant-inc-sells-129546-shares-of-houston-wire-cable-company-hwcc.html.

In other news, Director William H. Sheffield acquired 10,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was bought at an average price of $4.80 per share, with a total value of $48,000.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $96,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.00% of the company’s stock.

Houston Wire & Cable Company Profile

Houston Wire & Cable Company is a holding company. The Company is engaged in provision of electrical and mechanical wire and cable, hardware and related services. It operates through sales of wire and cable, hardware and related services segment in the United States market. Its cable management program includes purchasing and storing inventory for product availability.

Institutional Ownership by Quarter for Houston Wire & Cable (NASDAQ:HWCC)

Receive News & Ratings for Houston Wire & Cable Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houston Wire & Cable Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply