Yakira Capital Management Inc. Takes Position in Barnes Group Inc. (NYSE:B)

Yakira Capital Management Inc. acquired a new position in shares of Barnes Group Inc. (NYSE:B) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,060 shares of the industrial products company’s stock, valued at approximately $1,657,000.

A number of other institutional investors and hedge funds have also bought and sold shares of B. Smartleaf Asset Management LLC grew its holdings in shares of Barnes Group by 117.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 336 shares during the last quarter. Vestcor Inc acquired a new stake in Barnes Group during the 4th quarter worth approximately $56,000. KBC Group NV boosted its position in Barnes Group by 52.4% during the 4th quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock worth $103,000 after buying an additional 752 shares during the period. Atria Investments Inc acquired a new position in Barnes Group in the 4th quarter valued at approximately $203,000. Finally, Cibc World Markets Corp acquired a new position in Barnes Group in the 4th quarter valued at approximately $205,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Barnes Group in a research note on Thursday. They issued a “sell” rating on the stock.

Barnes Group Price Performance

Barnes Group stock opened at $47.48 on Friday. The stock’s 50 day moving average is $47.48 and its 200 day moving average is $46.50. Barnes Group Inc. has a one year low of $32.65 and a one year high of $47.50. The firm has a market cap of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35.

About Barnes Group

Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. The company operates through two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.