Strategic Financial Concepts LLC Grows Stake in Barnes Group Inc. (NYSE:B)

Strategic Financial Concepts LLC boosted its position in shares of Barnes Group Inc. (NYSE:B) by 4,626.0% during the fourth quarter, Holdings Channel reports. The firm owned 384,649 shares of the industrial products company’s stock after buying an additional 376,510 shares during the quarter. Strategic Financial Concepts LLC’s holdings in Barnes Group were worth $18,179,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Barnes Group by 17.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 238 shares during the last quarter. KBC Group NV raised its holdings in shares of Barnes Group by 52.4% in the fourth quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 752 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Barnes Group in the third quarter valued at $178,000. Centiva Capital LP acquired a new stake in shares of Barnes Group during the third quarter valued at $212,000. Finally, Captrust Financial Advisors purchased a new stake in Barnes Group during the 3rd quarter worth about $224,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barnes Group Price Performance

B stock opened at $47.48 on Friday. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of -61.66 and a beta of 1.32. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. Barnes Group Inc. has a 52-week low of $32.00 and a 52-week high of $47.50. The stock’s fifty day simple moving average is $47.25 and its 200-day simple moving average is $43.96.

Analysts Set New Price Targets

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

Barnes Group Profile

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.