Insider Buying: Houston Wire & Cable (HWCC) Director Buys $205,000.00 in Stock

Houston Wire & Cable (NASDAQ:HWCC) Director Roy W. Haley purchased 25,000 shares of the company’s stock in a transaction on Wednesday, June 6th. The stock was acquired at an average cost of $8.20 per share, for a total transaction of $205,000.00. Following the completion of the transaction, the director now owns 66,130 shares in the company, valued at $542,266. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NASDAQ:HWCC opened at $8.35 on Friday. Houston Wire & Cable has a 1-year low of $4.70 and a 1-year high of $8.45. The company has a market cap of $137.62 million, a PE ratio of 27.83 and a beta of 1.43. The company has a current ratio of 6.62, a quick ratio of 2.53 and a debt-to-equity ratio of 0.86.

Houston Wire & Cable (NASDAQ:HWCC) last announced its quarterly earnings data on Friday, March 16th. The industrial products company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.08. Houston Wire & Cable had a return on equity of 5.31% and a net margin of 0.67%. The company had revenue of $82.15 million for the quarter, compared to analyst estimates of $78.40 million.

Several large investors have recently made changes to their positions in HWCC. Brandes Investment Partners LP grew its holdings in shares of Houston Wire & Cable by 36.5% during the 4th quarter. Brandes Investment Partners LP now owns 485,911 shares of the industrial products company’s stock worth $3,499,000 after purchasing an additional 129,826 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in shares of Houston Wire & Cable by 23.8% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 216,270 shares of the industrial products company’s stock worth $1,557,000 after purchasing an additional 41,570 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Houston Wire & Cable by 28.1% during the 4th quarter. Renaissance Technologies LLC now owns 153,500 shares of the industrial products company’s stock worth $1,105,000 after purchasing an additional 33,700 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Houston Wire & Cable by 62.3% during the 4th quarter. Deutsche Bank AG now owns 58,292 shares of the industrial products company’s stock worth $419,000 after purchasing an additional 22,375 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Houston Wire & Cable by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,031,048 shares of the industrial products company’s stock worth $7,552,000 after purchasing an additional 21,886 shares in the last quarter. 64.09% of the stock is currently owned by institutional investors.

Several research analysts have commented on HWCC shares. Zacks Investment Research raised Houston Wire & Cable from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Wednesday, March 21st. ValuEngine raised Houston Wire & Cable from a “sell” rating to a “hold” rating in a report on Saturday, April 7th.

About Houston Wire & Cable

Houston Wire & Cable Company, through its subsidiaries, sells electrical and mechanical wire and cable, industrial fasteners, hardware, and related services in the United States. It offers wire and cable products, including continuous and interlocked armor cables; control and power cables; electronic wires and cables; flexible and portable cords; instrumentation and thermocouple cables; lead and high temperature cables; medium voltage cables; and premise and category wires and cables, primary and secondary aluminum distribution cables, and steel wire ropes and wire rope slings, as well as synthetic fiber rope slings, chains, shackles, and other related hardware and corrosion resistant products.

Insider Buying and Selling by Quarter for Houston Wire & Cable (NASDAQ:HWCC)

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


Leave a Reply