Dimensional Fund Advisors LP raised its position in shares of Houston Wire & Cable Company (NASDAQ:HWCC) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 987,879 shares of the industrial products company’s stock after buying an additional 18,110 shares during the period. Dimensional Fund Advisors LP owned 5.98% of Houston Wire & Cable worth $6,668,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. raised its position 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 worth $127,000 after buying an additional 1,872 shares during the period. Isthmus Partners LLC raised its position in shares of Houston Wire & Cable by 4.5% in the first quarter. Isthmus Partners LLC now owns 83,526 shares of the industrial products company’s stock worth $564,000 after buying an additional 3,616 shares during the period. Pacific Ridge Capital Partners LLC raised its position in shares of Houston Wire & Cable by 30.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 87,150 shares of the industrial products company’s stock worth $588,000 after buying an additional 20,090 shares during the period. Acadian Asset Management LLC raised its position in shares of Houston Wire & Cable by 4.9% in the first quarter. Acadian Asset Management LLC now owns 90,493 shares of the industrial products company’s stock worth $612,000 after buying an additional 4,226 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Houston Wire & Cable by 21.1% in the fourth quarter. Renaissance Technologies LLC now owns 95,200 shares of the industrial products company’s stock worth $619,000 after buying an additional 16,600 shares during the period. Institutional investors and hedge funds own 69.22% of the company’s stock.
Shares of Houston Wire & Cable Company (HWCC) traded up 0.52% on Thursday, reaching $4.80. 45,770 shares of the company were exchanged. Houston Wire & Cable Company has a 12-month low of $4.75 and a 12-month high of $8.05. The firm’s market capitalization is $79.14 million. The stock’s 50-day moving average is $5.65 and its 200 day moving average is $6.25.
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A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Houston Wire & Cable from a “hold” rating to a “sell” rating in a report on Friday, August 11th. TheStreet lowered shares of Houston Wire & Cable from a “c-” rating to a “d+” rating in a report on Tuesday, August 15th. Finally, ValuEngine lowered shares of Houston Wire & Cable from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $7.50.
In related news, Director William H. Sheffield bought 10,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average price of $4.80 per share, for a total transaction of $48,000.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at $96,000. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 4.00% of the stock is currently owned by insiders.
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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