Goldman Sachs Group Inc. cut its position in Houston Wire & Cable Company (NASDAQ:HWCC) by 4.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 89,120 shares of the industrial products company’s stock after selling 4,398 shares during the period. Goldman Sachs Group Inc. owned approximately 0.54% of Houston Wire & Cable worth $464,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brandes Investment Partners LP increased its holdings in shares of Houston Wire & Cable by 23.1% in the second quarter. Brandes Investment Partners LP now owns 356,165 shares of the industrial products company’s stock valued at $1,947,000 after purchasing an additional 66,917 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Houston Wire & Cable by 2.3% in the first quarter. Renaissance Technologies LLC now owns 97,400 shares of the industrial products company’s stock valued at $657,000 after purchasing an additional 2,200 shares during the period. Franklin Resources Inc. increased its holdings in shares of Houston Wire & Cable by 35.1% in the second quarter. Franklin Resources Inc. now owns 250,000 shares of the industrial products company’s stock valued at $1,313,000 after purchasing an additional 65,000 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Houston Wire & Cable by 11.0% in the first quarter. Russell Investments Group Ltd. now owns 18,872 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 1,872 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Houston Wire & Cable by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 987,879 shares of the industrial products company’s stock valued at $6,668,000 after purchasing an additional 18,110 shares during the period. 69.25% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Houston Wire & Cable Company (NASDAQ HWCC) opened at $6.05 on Tuesday. Houston Wire & Cable Company has a one year low of $4.70 and a one year 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 issued 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 the consensus estimate of $77.60 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. The company’s revenue was up 24.5% compared to the same quarter last year. equities research analysts predict that Houston Wire & Cable Company will post -0.05 EPS for the current year.

In related news, Director William H. Sheffield bought 10,000 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average price of $4.80 per share, for a total transaction of $48,000.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $96,000. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.00% of the stock is owned by corporate insiders.

A number of brokerages have recently commented on HWCC. Zacks Investment Research upgraded Houston Wire & Cable from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. TheStreet downgraded Houston Wire & Cable from a “c-” rating to a “d+” rating in a research note on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Houston Wire & Cable presently has a consensus rating of “Hold” and a consensus target price of $8.00.

About Houston Wire & Cable

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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