Cadence Capital Management LLC raised its position in shares of Lawson Products, Inc. (NASDAQ:LAWS) by 15.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 54,610 shares of the industrial products company’s stock after buying an additional 7,446 shares during the period. Cadence Capital Management LLC owned about 0.62% of Lawson Products worth $1,210,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in Lawson Products during the first quarter worth about $132,000. Wells Fargo & Company MN boosted its position in Lawson Products by 19.0% in the first quarter. Wells Fargo & Company MN now owns 6,253 shares of the industrial products company’s stock worth $140,000 after buying an additional 1,000 shares in the last quarter. Menta Capital LLC boosted its position in Lawson Products by 7.0% in the first quarter. Menta Capital LLC now owns 12,286 shares of the industrial products company’s stock worth $276,000 after buying an additional 800 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Lawson Products by 6.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 14,400 shares of the industrial products company’s stock worth $319,000 after buying an additional 900 shares in the last quarter. Finally, Blair William & Co. IL boosted its position in Lawson Products by 53.3% in the first quarter. Blair William & Co. IL now owns 20,131 shares of the industrial products company’s stock worth $497,000 after buying an additional 7,000 shares in the last quarter. Hedge funds and other institutional investors own 65.26% of the company’s stock.

Lawson Products, Inc. (NASDAQ LAWS) opened at 22.70 on Friday. The company has a market cap of $201.44 million, a PE ratio of 38.22 and a beta of 1.47. The firm has a 50-day moving average price of $22.13 and a 200-day moving average price of $22.57. Lawson Products, Inc. has a 52-week low of $15.28 and a 52-week high of $28.10.

Lawson Products (NASDAQ:LAWS) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.10. Lawson Products had a return on equity of 2.54% and a net margin of 1.85%. The firm had revenue of $75.01 million for the quarter, compared to analysts’ expectations of $72.41 million. On average, analysts forecast that Lawson Products, Inc. will post $0.54 EPS for the current year.

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A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Lawson Products from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a research report on Tuesday, August 1st. ValuEngine upgraded Lawson Products from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.

In other news, EVP Neil E. Jenkins sold 5,662 shares of Lawson Products stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $22.48, for a total value of $127,281.76. Following the sale, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at $283,405.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Neil E. Jenkins sold 5,604 shares of Lawson Products stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $21.52, for a total value of $120,598.08. Following the completion of the sale, the executive vice president now directly owns 12,549 shares in the company, valued at $270,054.48. The disclosure for this sale can be found here. Insiders sold 11,690 shares of company stock worth $257,929 over the last ninety days. Insiders own 18.20% of the company’s stock.

Lawson Products Company Profile

Lawson Products, Inc is a distributor of products and services the industrial, commercial, institutional and government maintenance, repair and operations (MRO) market. The Company’s product categories include fastening systems, fluid power, specialty chemicals, cutting tools and abrasives, electrical, aftermarket automotive supplies, safety, welding and metal repair, and other.

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

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