Royce & Associates LP Sells 138,841 Shares of Houston Wire & Cable Company (HWCC)

Royce & Associates LP trimmed its position in Houston Wire & Cable Company (NASDAQ:HWCC) by 10.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,222,738 shares of the industrial products company’s stock after selling 138,841 shares during the period. Royce & Associates LP owned 7.41% of Houston Wire & Cable worth $6,419,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HWCC. Pekin Singer Strauss Asset Management IL grew its stake in Houston Wire & Cable by 150.0% in the third quarter. Pekin Singer Strauss Asset Management IL now owns 25,000 shares of the industrial products company’s stock worth $131,000 after purchasing an additional 15,000 shares during the period. Balter Liquid Alternatives LLC purchased a new stake in Houston Wire & Cable in the second quarter worth $218,000. Northern Trust Corp grew its stake in Houston Wire & Cable by 2.4% in the second quarter. Northern Trust Corp now owns 49,933 shares of the industrial products company’s stock worth $260,000 after purchasing an additional 1,172 shares during the period. Isthmus Partners LLC grew its stake in Houston Wire & Cable by 0.6% in the second quarter. Isthmus Partners LLC now owns 84,023 shares of the industrial products company’s stock worth $437,000 after purchasing an additional 497 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Houston Wire & Cable by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 93,518 shares of the industrial products company’s stock worth $631,000 after purchasing an additional 3,178 shares during the period. 65.81% of the stock is currently owned by institutional investors.

In related news, Director Mark A. Ruelle bought 12,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average cost of $6.20 per share, with a total value of $74,400.00. Following the completion of the purchase, the director now owns 12,000 shares in the company, valued at approximately $74,400. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.00% of the company’s stock.

Several equities research analysts recently weighed in on HWCC shares. Zacks Investment Research raised Houston Wire & Cable from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. ValuEngine raised Houston Wire & Cable from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Houston Wire & Cable presently has an average rating of “Buy” and a consensus price target of $7.50.

Shares of Houston Wire & Cable Company (NASDAQ HWCC) opened at $6.55 on Friday. Houston Wire & Cable Company has a 12 month low of $4.70 and a 12 month high of $8.05. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.39 and a current ratio of 5.60.

Houston Wire & Cable (NASDAQ:HWCC) last released its earnings results on Thursday, November 9th. The industrial products company reported $0.06 EPS for the quarter. Houston Wire & Cable had a negative return on equity of 0.86% and a negative net margin of 1.33%. The firm had revenue of $81.20 million for the quarter, compared to analysts’ expectations of $77.60 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. The company’s quarterly revenue was up 24.5% on a year-over-year basis. equities analysts predict that Houston Wire & Cable Company will post 0.09 EPS for the current year.

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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)

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