Thomson Horstmann & Bryant Inc. boosted its position in shares of Houston Wire & Cable (NASDAQ:HWCC) by 2.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 827,378 shares of the industrial products company’s stock after buying an additional 20,902 shares during the period. Thomson Horstmann & Bryant Inc. owned 0.05% of Houston Wire & Cable worth $5,957,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Isthmus Partners LLC boosted its stake in Houston Wire & Cable by 0.6% during the second quarter. Isthmus Partners LLC now owns 84,023 shares of the industrial products company’s stock valued at $437,000 after buying an additional 497 shares in the last quarter. Northern Trust Corp boosted its stake in Houston Wire & Cable by 2.4% during the second quarter. Northern Trust Corp now owns 49,933 shares of the industrial products company’s stock valued at $260,000 after buying an additional 1,172 shares in the last quarter. Pekin Singer Strauss Asset Management IL boosted its stake in Houston Wire & Cable by 150.0% during the third quarter. Pekin Singer Strauss Asset Management IL now owns 25,000 shares of the industrial products company’s stock valued at $131,000 after buying an additional 15,000 shares in the last quarter. Rutabaga Capital Management LLC MA boosted its stake in Houston Wire & Cable by 2.2% during the second quarter. Rutabaga Capital Management LLC MA now owns 1,518,044 shares of the industrial products company’s stock valued at $7,894,000 after buying an additional 32,283 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Houston Wire & Cable by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,022,937 shares of the industrial products company’s stock valued at $5,370,000 after buying an additional 35,058 shares in the last quarter. 65.81% of the stock is owned by institutional investors and hedge funds.

Houston Wire & Cable (NASDAQ HWCC) opened at $7.10 on Thursday. Houston Wire & Cable has a 52 week low of $4.70 and a 52 week high of $8.05. The firm has a market capitalization of $117.19, a PE ratio of -28.40 and a beta of 1.63. The company has a current ratio of 5.60, a quick ratio of 2.39 and a debt-to-equity ratio of 0.82.

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

In related news, Director Mark A. Ruelle purchased 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average price of $6.20 per share, for a total transaction of $74,400.00. Following the transaction, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $74,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.00% of the company’s stock.

Several brokerages recently weighed in on HWCC. Zacks Investment Research raised Houston Wire & Cable from a “hold” rating to a “strong-buy” rating and set a $7.00 target price for the company in a research note on Wednesday, November 15th. ValuEngine raised Houston Wire & Cable from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, TheStreet raised Houston Wire & Cable from a “d+” rating to a “c-” rating in a research note on Friday, December 22nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $7.50.

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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.

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Institutional Ownership by Quarter for Houston Wire & Cable (NASDAQ:HWCC)

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