Gamco Investors INC. ET AL Sells 4,500 Shares of Lawson Products, Inc. (LAWS)

Gamco Investors INC. ET AL decreased its stake in shares of Lawson Products, Inc. (NASDAQ:LAWS) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 197,840 shares of the industrial products company’s stock after selling 4,500 shares during the period. Gamco Investors INC. ET AL’s holdings in Lawson Products were worth $6,707,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in Lawson Products by 1,634.9% during the first quarter. The Manufacturers Life Insurance Company now owns 6,072 shares of the industrial products company’s stock worth $153,000 after buying an additional 5,722 shares in the last quarter. Ramsey Quantitative Systems increased its position in Lawson Products by 102.7% during the second quarter. Ramsey Quantitative Systems now owns 8,716 shares of the industrial products company’s stock worth $212,000 after buying an additional 4,416 shares in the last quarter. Acadian Asset Management LLC increased its position in Lawson Products by 49.9% during the second quarter. Acadian Asset Management LLC now owns 17,221 shares of the industrial products company’s stock worth $419,000 after buying an additional 5,733 shares in the last quarter. Bank of New York Mellon Corp increased its position in Lawson Products by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 38,345 shares of the industrial products company’s stock worth $934,000 after buying an additional 1,595 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Lawson Products by 19.1% during the second quarter. Renaissance Technologies LLC now owns 41,100 shares of the industrial products company’s stock worth $1,001,000 after buying an additional 6,600 shares in the last quarter. 66.19% of the stock is owned by institutional investors.

LAWS stock opened at $31.07 on Friday. Lawson Products, Inc. has a 52-week low of $21.00 and a 52-week high of $36.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.88 and a current ratio of 1.67. The firm has a market cap of $272.94 million, a PE ratio of 76.50, a price-to-earnings-growth ratio of 1.70 and a beta of 1.22.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Lawson Products from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, October 31st. BidaskClub downgraded Lawson Products from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th. Barrington Research set a $37.00 price target on Lawson Products and gave the stock a “buy” rating in a research report on Tuesday, October 30th. TheStreet downgraded Lawson Products from a “b” rating to a “c+” rating in a research report on Friday, October 26th. Finally, ValuEngine raised Lawson Products from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $36.50.

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About Lawson Products

Lawson Products, Inc distributes products and services to the industrial, commercial, institutional, and government maintenance, repair, and operations marketplace in the United States, Puerto Rico, Canada, Mexico, and the Caribbean. It operates in two segments, Lawson and Bolt. The company's products include fastening systems, fluid power products, specialty chemicals, cutting tools and abrasives, electrical products, aftermarket automotive supplies, safety products, welding and metal repair products, and other products.

Further Reading: Cost of Capital

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Institutional Ownership by Quarter for Lawson Products (NASDAQ:LAWS)

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